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Can you help with IVA car finance? I had a few financial problems going back a couple of years ago and entered into an IVA to give me a chance to sort things out. I have nearly paid all my creditors back now but am getting desperate for a newer car to get to work as mine keeps breaking down and my relationship with my employer is not good because I keep on being late. I understand that an IVA stays on my credit file for six years even after I have finished paying things off but I wondered if there was any way you could help me with some car finance even with an IVA?

Hi Sarah,

Thanks for your email about IVA car finance and you have come to the right place. It doesn’t seem fair that someone who has made the effort to arrange payment of their debts should be penalised if they need a loan for a good reason and can afford the repayments.

Most lenders do not believe in second chances and are not willing to help even if you have a good job and a good income.

The Car Loan Warehouse however work closely with specialist lenders who can provide IVA car finance and can help with a car loan even if you have a poor credit rating.

If you have Full and Final Settlement then it is very straight forward and simply apply on the usual way using our online application form. If you are still in your IVA then you will need to convince your insolvency practitioner that you need the car for work or for good family reasons.

If successful you will then need a letter from your practitioner confirming their permission so that we can obtain you IVA car finance.

For more information on bad credit car finance click here.

About The Expert

Jon Le Roux is co-founder and company director of The Car Loan Warehouse. Being a mad engineering and motorsport enthusiast, I spend more hours than is healthy, watching, reading or talking about cars, boats, motorbikes…..basically anything with an engine.