My husband and myself are just having our first appt through CCCS to start an IVA, I have a lease hire car through work as I need to travel to do my job, the payments come straight out of my wages before I get paid and the car belongs to my employer but I am tied into the lease hire for four years. Can I keep this arrangement if we enter in to an IVA agreement.
It's quite common to allow a lease to continue if you need the car, and taking this out of the wages is a good way of ensuring that it gets paid as a priority. As long as you can demonstrate that you need the car to get to and from work, and it's not overly expensive, then I can't imagine it will be a problem.
Have a word with your IP about this as soon as possible, to ensure that they take it into account when calculating your payments. You will need to supply a copy of the agreement to CCCS so they can check when payments will finish.
I would also look to speaking to one or two other companies as well as CCCS. Either visit www.iva.com for a list of companies and reviews, or contact the experts who post on the forum via the link on the left hand side of the page. The advice is free and impartial.
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