Spout loans

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George.98

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Post by George.98 » Tue Sep 10, 2019 9:04 pm
Hi, I have seen advertised a company called sprout loans that offer a way to get out of your IVA earlier by taking out a loan to cover a F&F settlement of the IVA, I was wondering if anyone had ever heard of doing this, or has done this to complete the IVA early? The company I have seen is sprout loans

kallis3

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Post by kallis3 » Tue Sep 10, 2019 10:09 pm
Make sure you research this carefully - it can be a high interest loan which may be secured.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley.
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luluj

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Post by luluj » Wed Sep 11, 2019 5:15 am
Even if you did this route your credit record would remain showing the iva for 6 years from the start date so think this through very carefully and take some advice.
Sharing from experiences of dealing with debt

There is a solution for everyone .... Just need to stay positive !

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Foggy

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Post by Foggy » Wed Sep 11, 2019 6:50 am
Have a read here: https://debtcamel.co.uk/aperture-iva-exit-loan-sprout/

They do work in some instances, but, will cost you a lot more in the long run.
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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Lisa Thomas

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Post by Lisa Thomas » Wed Sep 11, 2019 8:38 am
How long do you have left on your 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: https://www.youtube.com/channel/UCMPTTu ... Z5k9ZcC2MA http://www.nevilleco.co.uk 01752 786800 Lisa@nevilleco.co.uk

kallis3

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Post by kallis3 » Wed Sep 11, 2019 9:15 am
Is this your second IVA? Previous posts suggest you had one a few years ago.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley.
http://kallis3.blogs.iva.co.uk

Shaun Vickery

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Post by Shaun Vickery » Thu Sep 12, 2019 9:55 am
It's entirely possible to borrow funds to settle your IVA early - whether it's suitable to you really depends on your reasons for wishing to do so.
Highly Commended at the British Mortgage Awards. For individual mortgage advice go to http://clients.theselectpartnership.co.uk/

katana2471

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Post by katana2471 » Fri Sep 13, 2019 5:05 pm
Hi I have been accepted for a sprout loan
Cf
Have called for a variation meeting which is to be held this Monday coming.
Fingers crossed they accept the offer.
:(
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