Does IVA being marked as satisfied have any impact on my score ?

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Joannedh70

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Post by Joannedh70 » Mon Aug 01, 2016 5:14 pm
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My IVA now appears as Satisfied on my score, does this hold any impact to my score ?
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kallis3

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Post by kallis3 » Mon Aug 01, 2016 5:17 pm
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Hi and welcome,

Your IVA will impact on your credit score for six years from the date of the initial IVA acceptance regardless of whether or not it says satisfied.
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
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paulaj8824

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Post by paulaj8824 » Mon Aug 01, 2016 6:44 pm
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It makes no difference whatsoever that it shows completed successfully. It will drop off your credit report six years after the start date, this should then improve your score as long as all your defaults are off as well.
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Lisa Thomas

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Post by Lisa Thomas » Tue Aug 02, 2016 9:37 am
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Hi well done on finishing your IVA!

You might find this quick video I made about cleaning up your credit record useful:

https://www.youtube.com/watch?v=PV4RzUY4BRM

Noddle and Clearscore are also free credit agencies to consider using:

https://www.noddle.co.uk/
https://www.clearscore.com/
I'm a licensed IP with 16+ yrs at Neville & Co covering the South West area. I have a YouTube channel with advisory videos on here: https://www.youtube.com/channel/UCMPTTu ... Z5k9ZcC2MA http://www.nevilleco.co.uk 01752 786800 Lisa@nevilleco.co.uk
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