www.iva.co.uk

I have recently completed my iva 3 years early after having a full and final settlement excepted. I am now looking to the future and trying to make plans to re build my credit score.

I have recently moved in with my girlfriend and we are starting to save for our own home in the future.

I am just after some advice on the best ways to proceed in re building my credit score so i can get on with my life.

As my own home for us both is something for the future and i dont want my past mistakes effecting our chance of home owning in the future.

Any help and advice would be much appreaciated.

Hi, your IVA will remain on your credit file for 6 years from the day it was accepted. You will need to make sure though that there were no defaults registered after that date and if there are you will need to write to them and ask them to remove them.

After that, pre paid credit cards and mobile phone contracts are a good starting point.

Try Vanquis for a credit card to rebuild your credit. The APR is high but you should use it once a month and pay it off immediately after a few months you then get the 56 days that you get with most credit cards before you need to make a payment. See it as a short term solution to increase your credit score. You should also join equifax and experian to see what is on your credit report they both do a 30 day free trial. Good Luck and don't forget if you can't afford it don't buy it!

You can always try for a low rate credit card such as Vanquis, they're quite good for bad credit and as long as you pay off anything in full each month that will help you rebuild.