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Posted: Thu Nov 22, 2007 8:10 pm
by jess
I entered a IVA on Oct 02 and completed early (successfully) in July 05. I tired twice in the last year o upgrade my bank account to include a debit card. I have indicated that I am not interesed in any overdraft arangement but have been declined. Is the reason because the IVA 6 years is not up. please advices.
Posted: Thu Nov 22, 2007 8:18 pm
by Adam Davies
Hi
Yes
Your IVA is still on your credit file until Oct 08
Regards
Andy Davie
IVA.co.uk Spokesperson
About me:
http://www.iva.co.uk/andy_davie_profile.asp
IVA Helpline: 0800 197 4838
http://www.iva.co.uk/iva_helpline.asp
Posted: Thu Nov 22, 2007 10:37 pm
by Skipper
yon are credit scored for a normal Bank a/c. The IVA have to show settled before lenders wil consider an upgrade.
<<My motto:I am proud of black culture and is against racist bigotry>
Posted: Fri Nov 23, 2007 7:46 pm
by Adam Davies
Hi
I think that even if it is shown as settled you will have a problem,you need wait until it falls off the credit reports,six years from the start of the IVA.
Regards
Andy Davie
IVA.co.uk Spokesperson
About me:
http://www.iva.co.uk/andy_davie_profile.asp
IVA Helpline: 0800 197 4838
http://www.iva.co.uk/iva_helpline.asp
Posted: Fri Nov 23, 2007 7:56 pm
by wen
I take it there is the same circumstances with Bankruptcy? ie. Cannot upgrade a basic account to a standard account until the BR drops off?
Out of interest jess, are you doing this online or in branch? Computers act very black & white, while a real person in a branch might be able to over-ride the rejection if you have a good history. (Though i'm no expert!!!)
Posted: Fri Nov 23, 2007 9:06 pm
by Adam Davies
Hi
Wen makes a very good point.
Regards
Andy Davie
IVA.co.uk Spokesperson
About me:
http://www.iva.co.uk/andy_davie_profile.asp
IVA Helpline: 0800 197 4838
http://www.iva.co.uk/iva_helpline.asp
Posted: Mon Nov 26, 2007 10:21 am
by Skippy
I have heard that even after BR it can be hard to upgrade your account as a lot of banks will ask if you have ever been bankrupt.
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Posted: Wed Jun 04, 2008 11:28 am
by Anika765
There is a way around BR. There are banks that still will upgrade especially if BR had been filed a good chunk of time back. If you are willing to settle without an upgrade for a while to show that you have not had any further problems for a certain period of time then there should not be a problem!