Credit after IVA

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Rob1712
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by Rob1712 » Sun Sep 10, 2017 11:07 am
Hi guys,
I completed IVA in July and had CC last week. My car is about to drop apart, so I took the decision to see if I could get credit. Went to Peugeot not expecting great things, and it came back 'pending'. The underwriters have now asked for 3 months worth of bank statements which I have produced and am now waiting on the decision. Think
It's with Peugeot financial services. What do you think my chances of being accepted are?
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Foggy
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by Foggy » Sun Sep 10, 2017 12:00 pm
I am assumimg they are looking at cash affordability --- if you have the surplus to make the payments you might be OK -- at least they are looking at it, rather than an outright refusal.
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kallis3
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by kallis3 » Sun Sep 10, 2017 12:15 pm
Hope it goes through ok.!
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Rob1712
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by Rob1712 » Sun Sep 10, 2017 12:24 pm
kallis3 wrote:
Hope it goes through ok.!


Thank you, Kalis. I guess it must mean my credit report isn't totally shot as they are at least if looking past this stage?
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kallis3
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by kallis3 » Sun Sep 10, 2017 12:38 pm
Is the IVA still on your credit record and has it come off the Insolvency Service site yet?
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Rob1712
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by Rob1712 » Sun Sep 10, 2017 2:53 pm
Says completed on IR and on Experian still but not equifax
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kallis3
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by kallis3 » Sun Sep 10, 2017 3:22 pm
It can take up to three months to come off the register. When are your six years up?
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Rob1712
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by Rob1712 » Sun Sep 10, 2017 6:18 pm
The IVA started on 7/72011
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kev59
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by kev59 » Sun Sep 10, 2017 6:51 pm
hope all go well. but should you get a no try Zuto,, got a car though them after getting my cc but iva sill on c/r
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Rob1712
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by Rob1712 » Sun Sep 10, 2017 7:09 pm
Thanks Kev.
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kallis3
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by kallis3 » Mon Sep 11, 2017 7:36 am
It should be off by October - you may be lucky and find it's sooner - just keep checking.
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