Season Ticket Loan

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Post by ediunia82 » Thu Nov 01, 2018 3:58 pm
Hi, I am thinking of applying for season Ticket loan provided by my employer to buy an annual bus pass at £950. It is an interest free loan in a form of cheque which is payable to bus company, after that a 12 monthly wage deductions will be made. Do you think I am allowed to get one while in IVA or not? Many Thanks.


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Post by Foggy » Thu Nov 01, 2018 4:17 pm
As it would, on the face of it, reduce your travelling costs and, possibly, therefore, increase your disposable income, I would see this as a benefit to creditors, so the IP might allow it ... however, the dynamics of income and expenditure would mean no benefit for you in the grand scheme of things.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014


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Post by luluj » Thu Nov 01, 2018 8:10 pm
I would hope they would support this positively for you as it does save money in the long run
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Post by Mrs_Brown » Thu Nov 01, 2018 8:24 pm
I started mine with my travel paid that way, so I worried about renewal. I emailed my IP and got it in writing that I could renew as the alternative increased my travel costs.

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Post by Lisa Thomas » Mon Nov 05, 2018 10:17 am
You wil need consent from your IP for this.

NB any savings made may have to be paid over into the IVA.
I'm a licensed IP with 16+ yrs at Neville & Co covering the South West area. I have a YouTube channel with advisory videos on here: ... Z5k9ZcC2MA 01752 786800
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