IVA Car Finance
- Affordable car finance for those in an IVA
- All credit backgrounds considered
- Friendly & non-judgemental approach which our customers love
If you are in an IVA, it’s not impossible to obtain car finance, but there’s no escaping the fact it makes it more difficult. You can improve your chances of being accepted, by applying for car finance with a company such as motorly, that have the experience & most importantly a panel of lenders who understand how being in an IVA impacts your credit score.
Continue reading to find out how we can help you obtain car finance with an IVA
Having a reliable car is essential in today’s world, at Motorly our commitment to treat every customer equally means we do everything possible to help customers obtain affordable car finance, no matter their credit history. Whilst some lenders flat our refuse applications for finance from people in an IVA, we have lenders who take a different approach and believe being in an IVA demonstrates a commitment to repaying creditors and correcting past credit issues.
The first step in applying for car finance whilst in an iva is a letter from your insolvency practitioner (IP) confirming they approve of your application for car finance and the new agreement is affordable.
Once you have your letter of approval, you will need to find a lender who accepts people in an IVA, as many won’t. As we have mentioned already, Motorly has a large panel of lenders some of whom specialise in offering IVA car finance.