Here at Tickenham Garage we believe that we should offer Car Finance solutions to everyone, regardless of the previous credit history. Whilst this is in the control of the lenders, we have set the companies that we use in order to be able to access credit facilities for as many people as possible.
If you have previously been in a IVA, this will remain on your credit file for 6 years. Lenders will have access to the information to know the current status of it and your honesty when applying for car finance will make it easier.
There are specific lenders that will offer finance if you have recently come out of an IVA, and others that will offer after you have started to build your credit record again and showing creditworthiness. We will discuss the best lenders for us to contact on your behalf when going through your history.
We understand that when you were in your IVA you would not have been able to save, even for that shiny new car! Whilst a deposit is extremely desirable for lenders, there are occasions where you can obtain car finance without one.