Fingers crossed that it gets accepted Ginnyfizz - sounds more positive.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
Meh no....they declined me. Methinks I need to wait until I get these defaults sorted out. Wait another six months. At least it hasn't hammered my Experian credit score at all.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
my last payment is next month and i didnt have any thought at all of building my credit rating as i would not want to get my self in to this situation ever again... am i looking at this all wrong, is building my credit rating something i should be looking into doing (confused.com)
That depends on what you think you are going to need to do in the future, wonderwoman. I don't have any intention of getting myself into the IVA situation ever again. However, I will need to obtain credit in order to finance a decent car, since my current one is going to fail its MOT next Feb for certain.
Believe it or not, my Experian credit score is actually fair rather than poor. It's just that I need to get the nasties that were actually part of the IVA removed from my credit file, before I apply for the car finance.
Even if you don't want to use credit for the foreseable future a good credit score can have benefits. Mortgages for example, mobile phone contracts, some job applications (apparently) and, possibly, the time you might need credit ( as opposed to just wanting it).
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
Hi wonderwoman - it is useful to have a healthy credit rating for mortgages and emergencies. I'm terrified of getting into the same pickle again but a small credit card paid off each month helps restore us to the mainstream financial market. It is totally down to you as an individual though xx
If you are not planning to get a mortgage/credit card etc - then leave it - time will help but so will paying all you utilities bills etc. A normal bank account with say £50 overdraft limit will all help.
