www.iva.co.uk

hi
its been a while since my last post.
just need a bit of advice again.
my experian credit score is 975 excellant i completed my iva on the 18/12/12 after paying a full and final back in march 12,i would like a personnal loan(£7k) but after speaking to various companies ive been declined(my bank says computer says no , ive been with them 25 years with great history)
my question is can anyone after an iva get loans(i took your advice and got a credit card through vanquis and this has really helped my rating)
all i have is one default which is the iva(but this is like i said all satified)
manythanks
craig

Is the IVA still showing on your credit file? Has it been six years since the date of your creditors meeting?

YES ITS STILL SHOWS AS DEFAULT (EVEN THOUGH THEY ARE ALL SATIFIED.

Your credit rating will eventually restore itself, but lenders these days are far more savvy and choosy about who they will lend to. It is also quite soon for you to be borrowing again having finished the IVA. Is the money required to purchase something specific?

All defaults ahould be dated on or before the date you entered the IVA and will remain for 6 years even though they are marked as satisfied.

When did you start your IVA?

ok thanks
i started the iva march 2011
full and final march 2012
i need the loan for home repaairs but no urgent.
manythanks
craig

If the defaults are correctly dated they will fall off in 2017