Posted: Wed Nov 21, 2012 10:52 am
I thought I would post to let all you IViers know that it is possible to 'come out the other end'.
Here is my story with approximate time line.
Aug 2005 Took out IVA with Payplan
Sep 2005 Saw my name on insolvency register [|)]
Aug 2010 Could not make final payment, extra year added to IVA
Aug 2011 IVA finished. (worked out I had paid back 47% of the original £89K I owed.)
Sept 2011 Completion Certificate received. [:)]
Aug 2011 joined Experian (£15 a month) to sort out my credit file.
Oct 2011 Only 1 creditor still showing on file (Lloyds TSB). Contacted them, sent them copy of my IVA completion certificate and file was removed the next day.
Nov 2011 My details were no longer showing on the Insolvency Register [:)]
Feb 2012 Attempted to re-mortgage using 'normal' bank (HSBC) Refused - told to try again in 6 months.
Feb 2012 was offered re-mortgage with sub prime lender. I decided to wait.
Sep 2012 Accepted for re-mortgage with HSBC. Bank said I had excelllent credit score.
Credit file is clear. Credit score of 999.
Oct 2012 Ended subscription to Experian.
Oct / Nov 2012 I'm looking to buy my dream car (Ariel Atom!)
People, keep at it. Its a slog, but well worth it in the end. [:D]
Here is my story with approximate time line.
Aug 2005 Took out IVA with Payplan
Sep 2005 Saw my name on insolvency register [|)]
Aug 2010 Could not make final payment, extra year added to IVA
Aug 2011 IVA finished. (worked out I had paid back 47% of the original £89K I owed.)
Sept 2011 Completion Certificate received. [:)]
Aug 2011 joined Experian (£15 a month) to sort out my credit file.
Oct 2011 Only 1 creditor still showing on file (Lloyds TSB). Contacted them, sent them copy of my IVA completion certificate and file was removed the next day.
Nov 2011 My details were no longer showing on the Insolvency Register [:)]
Feb 2012 Attempted to re-mortgage using 'normal' bank (HSBC) Refused - told to try again in 6 months.
Feb 2012 was offered re-mortgage with sub prime lender. I decided to wait.
Sep 2012 Accepted for re-mortgage with HSBC. Bank said I had excelllent credit score.
Credit file is clear. Credit score of 999.
Oct 2012 Ended subscription to Experian.
Oct / Nov 2012 I'm looking to buy my dream car (Ariel Atom!)
People, keep at it. Its a slog, but well worth it in the end. [:D]