Get expert opinion. This is the place for new questions to be posted.
-
Stanley.np
- Posts: 6
- Joined: Sat Jan 05, 2013 9:32 am
I've settle my IVA final payment back in February 2012, three years early. I am still waiting for my certificate to arrive. My question is am I eligible to apply for a finance at this stage ? I am planning to buy a Motorcycle ? Will I get rejected ?
I enter my IVA with my partner as a joint debts and he still making monthly payment towards his IVA. My question is will my name would be clear after I received my certificate ? I heard my name will remain default until he make the final payment. Is that true ?
I am not too sure our IVA is interlocking... If so, how will this effect me in the future ? But we meant to finish our Final payment by January 2015. I was fortunate to settle mine earlier than that.
Also I did some searched on Credit Expert, Equifax and it shows I am financial associated with my partner name. We have a joint account together.
Thank you for your time.
-
Shining
- Posts: 27019
- Joined: Thu Sep 20, 2007 8:57 am
- Location:
Hi, your IVA will be on your credit record for 6 years from date of acceptance so despite the fact your conclued your IVA early it remains on there. I wouldn't advise taking any credit either until you receive your certificate of completion.
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
-
in-a-mess-indeed
- Posts: 184
- Joined: Thu Jul 08, 2010 8:22 pm
- Location: United Kingdom
HI, you do really need to wait until you have your certifcate as mentioned above by Lesley, if you settled early then you will still have 6 years from when your IVA started, have you also checked the Insolvancy Register to see if your still on there?
Took The plunge and made the call, changed our family life and we have never been happier. Debt free and wont go back..... IVA was by far the best thing we ever did to teach us the real value of Family and money
-
angelbear
- Posts: 29
- Joined: Wed Oct 03, 2012 10:10 am
- Location: United Kingdom
It says on register it will clear 3 months after proof of completion or something along those lines. You need to click on your entry and read the star notation at the bottom
-
12 months to go
- Posts: 612
- Joined: Sun Jun 26, 2011 10:44 am
- Location: United Kingdom
sometimes you drop off the Insolvency register quicker than the 3 months quoted; i actually dropped off 2 weeks after I recieved my completion certificate
Last payment made April 2012
Certificate received 1st Nov 2012
-
Niobe
- Posts: 5169
- Joined: Tue Jul 03, 2012 9:56 am
- Location:
If you've not had your completion letter then you will still be on the Insolvency Register and it will still be showing on your credit record.
I doubt you will be able to get credit and of course the financial association won't help either.
