6 years clear?!?!?

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artemischild

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Post by artemischild » Mon Sep 17, 2012 10:41 am
Hi all

Just a quickie [:D]

You know how you have to be 6 years clear before you can attain any credit (dont worry...ive not got my eye on several credit cards...im more thinking mortgage!!), Is it 6 years from the IVa start date (mine being 24th april 2007) so my IVa will drop of my CRA file april 2013 or will it be 6 years from the completion date (when ever that may be?!?!?)

cheers ears[;)]
Arty[:X]
IVA completion and certificate received 08/10/2012!!!
 
 

gizmo78

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Post by gizmo78 » Mon Sep 17, 2012 2:08 pm
Hi

It'll be 2013 that it drops off or there abouts.
IVA Completed
 
 

artemischild

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Post by artemischild » Mon Sep 17, 2012 3:18 pm
Hay Gizmo

I know, just trying to guage when in 2013, big difference between april and october.

arty
IVA completion and certificate received 08/10/2012!!!
 
 

Adam Davies

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Post by Adam Davies » Mon Sep 17, 2012 3:48 pm
Hi

It should drop off end of April 2013

Regards
Andam Davies
 
 

orchid5

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Post by orchid5 » Mon Sep 17, 2012 4:42 pm
Fingers crossed for you Arty. xxx
Om shanti, namesté, good luck to all who are embarking on the IVA journey, it isn't always an easy one but the outcome is the best.

IVA COMPLETED August 2012, received Completion certificate 18.4.13.
 
 

sponge

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Post by sponge » Mon Sep 17, 2012 6:33 pm
I have just put a post up on this very subject "ohh what to do post IVA" rather than repeat it My iva was six years old on Saturday and I have sanitised (I like that word) two out of the three in just a few days and a few phone calls.

But overnight my reports have gone from non starter to four out of five stars as a lending bet

I reckon it's because the only thing sitting there is my nationwide current account with no overdraft it get's stright A's for the last six years!
 
 

TheMatrix

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Post by TheMatrix » Mon Sep 17, 2012 6:56 pm
6 years from the start of the IVA it will drop off in the even the IVA is marked as completed.

Then you'll find that the banks will ask the question "Have you ever entered into an arrangement with creditors" to which you'll be required to answer Yes FOR THE REST OF YOUR LIFE.

This then puts you at a disadvantage for any PRIME INTEREST RATE, LIKE THE REALLY LOW RATES BEING OFFERED BY HSBC.

You'll pay above the odds, often having to use a whole of market broker cause your bank wont touch you. Or they wont touch you until X number of years after COMPLETION. Then the rates are not going to be the best I bet.
We're willing to wipe the slate clean, give you a fresh start. All that we're asking in return is your cooperation.
 
 

herbekj

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Post by herbekj » Mon Sep 17, 2012 7:52 pm
TheMatrix, That is the bit that annoys me and if you try your chance and answer 'No' and they find out later you could be in real trouble.

I guess the only solitude we can take is that we can pay any mortgage off quicker than so called good customers as we have no other credit debt.

Overall maybe probably works out in our favour if an ex-IVA can complete a mortgage in 20 years rather than 25 even though paying a higher rate. Not done the math on that yet.
Last Payment - November 2011 - Completion Certificate received 2 weeks after last payment, Removed from Insolvency Register within 4 weeks after last payment.
 
 

artemischild

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Post by artemischild » Tue Sep 18, 2012 10:10 am
Thanks for the info and thought you lovely bunch of people! [:D]

I agree too with the above, i thought before i started the IVA it was less corrosive than bankruptcy on my future but evidently its something that’s always going to rear its ugly head for the rest of my life!
IVA completion and certificate received 08/10/2012!!!
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