Money to get a car while in an IVA

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mr995
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by mr995 » Fri Apr 06, 2018 1:25 pm
i have a worksave pension which i am still paying into .Im in third year of an iva.I need money to get a car to get to work as my current car is beoned repair will i have to tell my iva. my pension is protected in the iva .I am 63 and plan to work on after 66 so i need the car .i have not tried to get a car loan because of my age also i doubt if i can get one anyway.
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kallis3
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by kallis3 » Fri Apr 06, 2018 1:40 pm
Hi,

Is there a relative who could fund a cheap car for you?
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Foggy
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by Foggy » Fri Apr 06, 2018 2:04 pm
Not an ideal situation, but I went through my IVA on "EBay Specials" ... few hundred quid a car and scrap it when it breaks. To be honest it is nerve wracking wondering if it will start every morning! You could ask your IP for a payment break for a few months to save for a banger -- the missed payments will be added on to the end of the term.
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