OK sponge -- hypothetically -- I deal in cash since in my IVA, have no mobile phone, pay my electricity on a key and don't drive. When my IVA finishes and all of my defaults ( which, by luck are all dated correctly) and the IVA drops off my file at the 6 year mark -- what will be there ??
You keep citing Kelly as a prime example of post IVA getting a mortgage "straight off the high street" ... OK, first it was through a broker, second, it is at SVR, no 2.9% deals others can get and, three, what do you KNOW of her CRA record otr what she has or has not done ???
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
Which just shows that with respect to credit files, everyone's will be different, you cannot assume that your file will be OK once everything has been removed. Lenders like a credit history. Credit is good to have as long as it's paid back and used responsibly. Although you may have a 'clean record' you can still be classed as a high risk.
Her first principle offer was from Nationwide (valid for six months) but took one from Halifax via broker valid for 12 months. I think she posted her CR on an earlier post. I believe her CR was slightly higher than mine but don't quote me on that.
So in principle you two believe that post IVA you may have a clean record but no credit history (well to speak of) and of course that's right you can't have credit during an IVA (per se) so that makes sense. And I agree it does if you follow that train of thought, but that then cannot account for Kelly.23. My point that you maybe over working the credit line rather than a history of stability playing a bigger importance?
font size="1" face="Verdana, Arial, Helvetica">quote:<hr height="1" noshade>Originally posted by sponge
Her first principle offer was from Nationwide (valid for six months) but took one from Halifax via broker valid for 12 months. I think she posted her CR on an earlier post. I believe her CR was slightly higher than mine but don't quote me on that.
So in principle you two believe that post IVA you may have a clean record but no credit history (well to speak of) and of course that's right you can't have credit during an IVA (per se) so that makes sense. And I agree it does if you follow that train of thought, but that then cannot account for Kelly.23. My point that you maybe over working the credit line rather than a history of stability playing a bigger importance?
My point is, that if you deal with institutions that do not report to the CRA's ( and many don't) you will not have "a history of stability" --- you will be a blank sheet.
Kelly is not relevant to this particular issue as we do not know the circumstances of any application that might have been made.
For every "walked into Barclays and got an instant mortgage" there are many more "tried everywhere and got rejected".
Applying for a mortgage these days ( even for the squeaky clean) is more like russian roulette rather than sensible lending.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
