Hi. My name is Gareth, I am a father of 5 (three of my own and two step children through my new partner) children. I am currently in an IVA which was a result of my marriage breakdown two years ago. I bought a car on finance last year through necessity for work school runs etc. as I done the right thing and didn’t want to leave the mother of my children without a car when we divorced. Unfortunately the car has now started to fail on me and the costs of repair are huge. I need to purchase a more reliable car but the interest rates I have been given on car finance are simply out of my budget. most companies want around 49% interest on the finance they are willing to give which is unrealistic to my finances. On top of that I obviously still have to pay the finance on the car that is dying on me and I will not achieve the amount I owe through sale of it. I hate admitting i’m in need of help but I am. I know that my predicament is through no fault of anyone else but mine. I would even look at paying someone back if they could give me a loan of manageable amounts each month but that would mean it would be for little profit to the lender. I need to get a reliable car from a reliable dealer that doesn’t cost the earth. I have found cars in the £3000-£4000 range but low and behold due to age and mileage restriction set by the few finance companies that would finance me I wouldn’t be permitted to by anything for less than £4000. Without a car it makes getting to and from work and including school runs virtually impossible. My new partner and I both work but we are struggling to make things work with one car due to her shifts and my hours of work. I am simply trying to rebuild my life after having to make the hardest decision financially I have ever had to when opting to go through an IVA. Believe me, I have explored all avenues to sort this but would appreciate some help to get me moving again. It feels like they make it as hard as possible for you to get back on your feet to try punish you for hitting a low point in your life and I just feel like I am due at least a small bit of luck.
Thank you in advance for reading this whether or not you decide to donate.