www.iva.co.uk

I share a rented bungalow with a friend. Both names are on the rent agreement. If I were to enter into an IVA would this affect my friends credit rating. He pays 50% of the shared bills, would he have to declare his income if the debt has nothing to do with him, or do I just declare that he pays 50%?

Hi marcus and welcome to the forum

Entering into an IVA ought not to affect your friend's credit rating, as ratings are based on individual rather than addresses.