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Posted: Mon Jul 21, 2008 12:03 pm
by stephanie_f
I have paid of my IVA in full. How will now affect my credit files going forwards?
Posted: Mon Jul 21, 2008 12:07 pm
by rayb
Hi Stephanie,
Once you get the certificate of completion send copies to each of the credit reference agencies however the IVA will still stay on your file for 6 years from its inception so credit will be a problem although you will probably not want any anyway!!!![:D]
Posted: Mon Jul 21, 2008 12:07 pm
by kallis3
It will take 6 years from the date your IVA started to clear.
You can have the agencies mark your file as satisfied by sending off a copy of your completion certificate.
Posted: Mon Jul 21, 2008 12:08 pm
by plasticdaft
Any defaults will still show for 6 years. In a word,your credit rating will still be rubbish!!
Posted: Mon Jul 21, 2008 12:21 pm
by stephanie_f
Thanks for this information. What if I wanted to sell my house which I currently own by myself and get a new place with my fiance and take out a joint mortgage. How will this affect me?
rayb wrote:
Hi Stephanie,
Once you get the certificate of completion send copies to each of the credit reference agencies however the IVA will still stay on your file for 6 years from its inception so credit will be a problem although you will probably not want any anyway!!!![:D]
Posted: Mon Jul 21, 2008 3:38 pm
by emma_t
Hi Stephanie
Just wanted to say VERY WELL DONE for completing your iva [:D]
It must be a huge relief
Emma x
Posted: Mon Jul 21, 2008 7:23 pm
by MelanieGiles
Stephanie
If you have a deposit of at least 20% to put down on a new property, you should have little bother getting a mortgage but be prepared to be penalised on the interest rate if you have a history of personal insolvency. This should right itself when your six year credit scoring period is spent.