Will an iva effect my credit history in the future

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kerry.w

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Post by kerry.w » Mon May 14, 2007 6:57 am
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I am a single parent but work full time, my abusive ex partner left me with a lot of debts in mine name two years ago, total approx £38,000. Will an iva effect my credit history in the future the same as bankruptcy?
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Adam Davies

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Post by Adam Davies » Mon May 14, 2007 9:09 am
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Hi
An IVA will stay on your credit file for six years from the date that it starts.After this period you should be able to get credit again.
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Andy Davie
IVA.co.uk Spokesperson and site manager
(aka Neverending)

Please check out my blog: http://andydavie.blogs.iva.co.uk

View my profile here:
http://www.iva.co.uk/andy_davie_profile.asp
Andam Davies
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Oliver

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Post by Oliver » Mon May 14, 2007 9:22 am
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Your IVA will show on your file for a period of 6 years as Andy says. After this point it will be taken off your file and you will need to build your credit file up from scratch if you so choose to pursue credit in the future. Remember having been bankrupt or having entered into an IVA will not have such an adverse effect on your ability to borrow on a secured basis even within the 6 year period.



Best Regards
Oliver

Thomas Charles and Co Ltd.
Experts in personal debt solutions.
Read customer feedback at: www.thomascharles.com/about_us.asp
Best Regards
Oliver
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