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Posted: Sun Apr 06, 2008 10:08 pm
by jodie
Hi, I live at home with my parents and am 15000 thousand in debt. I am extremely worried that if I take out an IVA it will also affect my family's chances of obtaining credit and their current mortgage they have on the house. Is this possible? As I have looked into bankruptcy and know that your house becomes blacklisted if you go bankrupt.
Posted: Sun Apr 06, 2008 10:12 pm
by Lisa2009
If they have any problems, they can write to the credit reference agencies and ask to be disassociated from your debts. Thats what i did with hubby and they wrote back and told me they would deal with it right away.
Posted: Sun Apr 06, 2008 10:18 pm
by chris.g
Hiya Jodie and welcome to the forum. As far as I know, your family credit worthiness won't be affected by your debts and how you deal with them. If there are any problems, your family can 'disassociate' themselves from your debt.