www.iva.co.uk

Hi Guys, have had the most awful time trying to rent a new house and found that even though I have paid my IVA for 4 and a bit years, have no other debts, have not incurred any debt for over 4 years, have no late payments for over 4 years, my risk rating is equivalent to pond life and landlords want 6 months rent in advance. My IVA finishes in September 2015. Will my credit rating get an immediate boost or will nothing really change until I hit the 6 year mark, my IVA falls of the record and I prove my credit rating by taking out other small credit deals with say a mobile phone operaters, Vanquis credit card, etc. The second question is a few years after this can I build up a good or excellent credit rating, if I have no late payments or will the IVA be lurking in the background

Hi

Once the IVA is off your credit file you should meet the normal criteria for renting, until then Landlords may want larger deposits or the whole 6 months up front. You could try private landlords who will not usually credit check rather than going through a letting agency

You can rebuild your credit file once the six year point is up, it can take time and you have to understand the system but you can get there

Good luck

Regards

Go Private if possible, have a look on spareroom.com there are some full house lets on there.

A private landlord will not credit check, it may cost a bit more but its far less invasive and less stressful.

Credit files are shot for 6 years from date of acceptance of IVA unfortunately. Private may be an option.