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Sid.bm
Starting Member
3 Posts |
 Posted - 09 February 2012 : 02:25:14
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Hi Guys,
My Bankruptcy is set to 'end' mid-March and I am subject to an IPA. My car is on it's last legs, what would be RTLUs stance toward my seeking finance for a replacement car? Moreover, what is the likelihood of finding suitable finance; would I be 'allowed' such?
Thanks in advance. |
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Viki.W
forum expert
United Kingdom
2211 Posts |
Posted - 09 February 2012 : 08:56:09
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Hi Sid,
Speak to the OR first, you may be able to get a payment break so you can save and buy a car.
If the OR allows the finance payments, then you could try carloans4u and moneybarn who are recommended on our sister site iva.co.uk
Viki Warbrooke
Vincent Bond & Co
If you would like free advice on all options available and help with your bankruptcy petition please contact me at http://www.vincentbond.com/about_us_Viki_Warbrooke.asp
Please read my experience of debt via my blog at http://vikiw.blogs.iva.co.uk/ |
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Sid.bm
Starting Member
3 Posts |
Posted - 13 February 2012 : 15:17:52
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Thanks Viki,
I would like to know would RTLU/OR/MoonBeever 'allow' me to have car finance as part of my living expenses, and take this into account when determing the extent or otherwise of any IPA?
Can anyone advise?
ta
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Niobe
Administrator
United Kingdom
4590 Posts |
Posted - 13 February 2012 : 15:42:28
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Hi,
You will probably only be able to get a car that is worth no more than £2k so I don't think that moneybarn or Carloans4u would be any good as they require a hefty deposit and the cars are usually late models.
Perhaps make a phone call to the OR that covers your area and ask the question?
Follow through
Make your dreams come true
Don't give up the fight
You will be alright
'Cause there's no one like you in the universe
Jan
xxx |
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Sid.bm
Starting Member
3 Posts |
Posted - 14 February 2012 : 10:32:50
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Thanks Jan,
is the £2k limit still applicable once out of BR - mine is up Mid-March?
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Hi Guys, My Bankruptcy is set to 'end' mid-March
