Get expert opinion. This is the place for new questions to be posted.
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Christina.c
- Posts: 2
- Joined: Sun Jan 25, 2015 5:42 pm
we entered into our iva in july 2013,we were lucky due to ppi payouts we were able to finish iva in oct 2014,i need to know how long it takes to be registered as solvent again and be able to apply for credit.
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back on track
- Posts: 1085
- Joined: Mon Mar 16, 2009 5:05 pm
- Location: United Kingdom
6 years from july 2013 which will be july 2019 before it drops off your credit history
cc received 6th January 2014 now upwards and onwards
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luluj
Forum Expert
- Posts: 11333
- Joined: Sun Dec 09, 2007 6:54 am
- Location: United Kingdom
It will remain on file for 6 years from the start date as will any defaults.
Sharing from experiences of dealing with debt
There is a solution for everyone .... Just need to stay positive !
Look at my blog "All I wanted was a baby"
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ilikewatch
- Posts: 139
- Joined: Sun Oct 25, 2009 10:14 am
- Location:
Not 100% sure about the previous replies? As far as I'm aware you are solvent and can start applying for credit again from the moment your completion certificate is issued (or even within the period of you IVA dependent on the terms of the arrangement).
Last edited by
ilikewatch on Mon Jan 26, 2015 4:27 pm, edited 1 time in total.
"If you think it's expensive to hire a professional to do the job, wait until you hire an amateur."
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kazzafunk
- Posts: 4749
- Joined: Sat Mar 19, 2011 6:47 pm
- Location: United Kingdom
Yes you can apply for credit but as the IVA is on your credit history you may find it hard to get it accepted.
We applied for Vanquis cards immediately and got them. This is mainly as a back up and to improve our credit score (eventually!!)
