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parcelbabe
Posts: 5 Forumite
Hi I have bad debt which is now under control as in I am paying an iva and have been for a long time (nearly there) I am now self employed with an ok income.however i still have a credit card with a bal of 3k that has very high interest.
Is there a credit card with a balance transfer offer for bad debtors?
I also am in desperate need of a car, i know that many car companys offer car finance to bad debt but i am nervous of which to use.
Is there a credit card with a balance transfer offer for bad debtors?
I also am in desperate need of a car, i know that many car companys offer car finance to bad debt but i am nervous of which to use.
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No. You need a good history for 0% deals.0
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Hi,
(A) Whilst in an IVA you cannot have credit of more than £500 unless you declare your IVA.
(B) You will not get regular car finance of any description whilst in an IVA, because you are insolvent, except perhaps from certain companies who install an electronic box in the car, that allows it to run once payment has been made, you would need to use Google here.
Also how did you get a credit card with a 3k limit whilst insolvent ?I’m a Forum Ambassador and I support the Forum Team on the Debt free wannabe, Credit file and ratings, and Bankruptcy and living with it boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.For free non-judgemental debt advice, contact either Stepchange, National Debtline, or CitizensAdviceBureaux.Link to SOA Calculator- https://www.stoozing.com/soa.php The "provit letter" is here-https://forums.moneysavingexpert.com/discussion/2607247/letter-when-you-know-nothing-about-about-the-debt-aka-prove-it-letter0 -
You need to be asking this on the IVA board.
Your query is similar to this one
https://forums.moneysavingexpert.com/discussion/55076680
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