Refinancing car

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julie611

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Post by julie611 » Mon Aug 03, 2020 8:59 am
have a car on 3 year payment and in 3 months need 6300 final payment, will a iva stop me from refinancing

Foggy

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Post by Foggy » Mon Aug 03, 2020 9:44 am
You will need permission from your IP. But you will also have to pass the lenders credit check, which may be a problem. I have seen instances where the current lender agrees to re-finance, but there is no guarantee.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
http://foggy.blogs.iva.co.uk

kevin836

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Post by kevin836 » Mon Aug 10, 2020 11:24 pm
Hi Julie, I have just refinanced my Mazda balloon payment with moneybarn through car finance 24-7. Stepchange agreed to it and my payments went from 167 p.m to 172. They were excellent and its enabled me to keep my car.

Foggy

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Post by Foggy » Tue Aug 11, 2020 6:43 am
Mon Aug 10, 2020 11:24 pmkevin836 wrote:
Hi Julie, I have just refinanced my Mazda balloon payment with moneybarn through car finance 24-7. Stepchange agreed to it and my payments went from 167 p.m to 172. They were excellent and its enabled me to keep my car.
That's good to hear, Kevin. Thank you for sharing.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
http://foggy.blogs.iva.co.uk
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