Can anyone after completing an IVA get a loan ?

Get expert opinion. This is the place for new questions to be posted.
7 posts Page 1 of 1
Post Reply
 
 

Craig.l123

User avatar
Posts: 15
Joined: Thu Nov 03, 2011 9:54 am
Post by Craig.l123 » Thu Jul 11, 2013 8:09 pm
Quote
hi
its been a while since my last post.
just need a bit of advice again.
my experian credit score is 975 excellant i completed my iva on the 18/12/12 after paying a full and final back in march 12,i would like a personnal loan(£7k) but after speaking to various companies ive been declined(my bank says computer says no , ive been with them 25 years with great history)
my question is can anyone after an iva get loans(i took your advice and got a credit card through vanquis and this has really helped my rating)
all i have is one default which is the iva(but this is like i said all satified)
manythanks
craig
Top
 
 

Shining

User avatar
Posts: 27019
Joined: Thu Sep 20, 2007 8:57 am
Location:
Post by Shining » Thu Jul 11, 2013 8:58 pm
Quote
Is the IVA still showing on your credit file? Has it been six years since the date of your creditors meeting?
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
Top
 
 

Craig.l123

User avatar
Posts: 15
Joined: Thu Nov 03, 2011 9:54 am
Post by Craig.l123 » Thu Jul 11, 2013 9:13 pm
Quote
YES ITS STILL SHOWS AS DEFAULT (EVEN THOUGH THEY ARE ALL SATIFIED.
Top
 
 

MelanieGiles

User avatar
Industry Expert
Posts: 47612
Joined: Tue Jan 09, 2007 10:42 am
Location:
Post by MelanieGiles » Thu Jul 11, 2013 10:14 pm
Quote
Your credit rating will eventually restore itself, but lenders these days are far more savvy and choosy about who they will lend to. It is also quite soon for you to be borrowing again having finished the IVA. Is the money required to purchase something specific?
Regards, Melanie Giles, Insolvency Practitioner
Top
 
 

Kelly O

User avatar
Posts: 1089
Joined: Wed Mar 07, 2012 2:52 pm
Location: United Kingdom
Post by Kelly O » Fri Jul 12, 2013 9:48 am
Quote
All defaults ahould be dated on or before the date you entered the IVA and will remain for 6 years even though they are marked as satisfied.

When did you start your IVA?
Regards Kelly Osadare Debt Advice Manager at www.pjgrecovery.com (host to www.melaniegiles.com.)

PJG Recovery have a free online advice channel at www.debtadvicetv.com. If you are ready to ask us for specific advice or help, then get in touch at www.pjgrecovery.com/contact-us.asp . I look forward to speaking to you.
Top
 
 

Craig.l123

User avatar
Posts: 15
Joined: Thu Nov 03, 2011 9:54 am
Post by Craig.l123 » Fri Jul 12, 2013 10:51 am
Quote
ok thanks
i started the iva march 2011
full and final march 2012
i need the loan for home repaairs but no urgent.
manythanks
craig
Top
 
 

Kelly O

User avatar
Posts: 1089
Joined: Wed Mar 07, 2012 2:52 pm
Location: United Kingdom
Post by Kelly O » Fri Jul 12, 2013 10:53 am
Quote
If the defaults are correctly dated they will fall off in 2017
Regards Kelly Osadare Debt Advice Manager at www.pjgrecovery.com (host to www.melaniegiles.com.)

PJG Recovery have a free online advice channel at www.debtadvicetv.com. If you are ready to ask us for specific advice or help, then get in touch at www.pjgrecovery.com/contact-us.asp . I look forward to speaking to you.
Top
Post Reply
7 posts Page 1 of 1
Return to “Ask IVA Forum and Industry experts”