I completed my IVA via full and final settlement in September 09 after 3 years. Once I have repaid the relative who lent me the money for the F&F I will be saving hard for a deposit for a house.
I understand that after 6 years my credit file will be clean with no IVA and no defaults showing but was wondering whether creditors themselves would internally blacklist those who have defaulted with them so the 'clean' credit file will be worthless. Am thinking in terms of a future mortgage after the 6 years is up...
Thanks Melanie, it was hard 3 years and I have well and truly learned my lesson. I am so frugal now it's untrue and I just LOVE saving rather than spending!
Hi comps, well done from on the completion of your IVA, it's good to know it's changed you into a saver rather than a spender. I'm hoping to be the same when I complete.
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
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
Hi
My wife has an account with Littlewoods and this was one of her creditors in her IVA, now completed. I had debts with the Co-operative bank, now my main bank, and also with Alliance and Leicester who I now have a business account with, both were creditors in my IVA. So the answer is no you will not forever be on a list that prevents you from using that creditor again
Regards
That's a great post Andy - nothing like knowing what has happened to someone who has been through the full process. It is right that those lenders have offered you facilities again - and not long after your own IVA were concluded either.
