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Posted: Mon Aug 21, 2006 12:15 pm
by rawly
my boyfriend is in the process of setting up an IVA and has met with his IP.. he has to sell his house and will obviously need to have a roof over his head. Instead of renting somewhere for £500 pounds a month - would the creditors agree to him paying me rent and move in with me... Also, probably a silly question but will it damage my credit rating if he does move in... I have never been in debt and would not want it to affect my credit rating.
Posted: Tue Aug 22, 2006 5:58 pm
by jayne
I dont really know any answers to your queries Rawly but I do know you can apply to be dissasociated from someone in terms of credit checks I think you have to apply to do this - no sure if that is correct or not.
Posted: Wed Aug 23, 2006 12:40 pm
by iva experts
Hello Rawly
Yes it is possible for your Boyfriend to move in with you and pay you a contribution to the rent and all shared bills. It would be important to show that this arrangement was not costing your Boyfriend more than renting on his own in the local area.
The above arrangement would have no bearing on your credit status.
My advice would be for your Boyfriend to discuss this potential arrangement with his IP immediately.
Hope this information is of use
Regards. IVA Experts
Posted: Wed Aug 23, 2006 2:51 pm
by rawly
thanks for that guys, made me feel a little easier... will look into it further
Posted: Wed Aug 23, 2006 5:30 pm
by iva experts
You are more than welcome.
Good luck for the future.