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Car Finance and IVA
Hi All,
I am currently looking at getting Car Finance to buy a car as I will be giving my Company Car back soon.
My problem is I previously entered into an IVA in 2007 but after a year about 2 years I settled it and my credit record says Date satisfied 2010 so it still is on my record as I believe it takes 6 years before it will leave.
I have a good job and credit wise have a couple of credit cards and pay off in full every month for a few years now. I hav eno toehr Credit Problems. On doing my Credit score is was in the poor category which I am being told is because of my IVA still being on the system.
I have been fine in being accepted for phone contracts and credit cards but am wondering will I have an issue applying for Car finance and if so is there anything that would help me like a sizeable deposit or certain finance places?
Thanks for all your help in advance
I am currently looking at getting Car Finance to buy a car as I will be giving my Company Car back soon.
My problem is I previously entered into an IVA in 2007 but after a year about 2 years I settled it and my credit record says Date satisfied 2010 so it still is on my record as I believe it takes 6 years before it will leave.
I have a good job and credit wise have a couple of credit cards and pay off in full every month for a few years now. I hav eno toehr Credit Problems. On doing my Credit score is was in the poor category which I am being told is because of my IVA still being on the system.
I have been fine in being accepted for phone contracts and credit cards but am wondering will I have an issue applying for Car finance and if so is there anything that would help me like a sizeable deposit or certain finance places?
Thanks for all your help in advance
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