Stephend0890 wrote:any advice on rent to but cars in a iva....looks like i'll get a payment break and could use this cash towards a car this way 300 deposit 30 a week for 12 months then car is mine, would this be acceptable in a iva? no credit checks no loans all in house with a local garage
If your IP is happy and gives permission I would imagine you would have to fund the payments from existing allowances -- I can't see your creditors agreeing to, effectively, pay for your car by reducing the IVA payment to cover the "rent" ....(however you dress it up, it is still a loan though).
Who is onlineUsers browsing this forum: No registered users and 10 guests
Ask the IVA Experts a QuestionSimply complete form and you will get an answer from our IVA Experts (multiple replies within an hour *)
* Any use of this forum is conditional on you having read and agreed to our terms and conditions.
* If you enter your phone number, Vincent Bond and Co Ltd will give you a courtesy call to ensure that your question has been answered.
* The question will be posted on our forum, we will email you the location