completed IVA

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mossco

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Post by mossco » Fri Jan 11, 2008 1:15 pm
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Hi,

my last payment of £500 was taken on november the 22nd and now i am just waiting for the certifcate of completion. does anyone or has anyone tried to get a loan, credit cards etc shortly after this?

i desperately need a new car, but pretty unsure if i can get any kind of credit for another year.
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debbiw

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Post by debbiw » Fri Jan 11, 2008 1:20 pm
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Hi Mossco, An IVA will stay on your credit file for 6 years, so you may have another year before it will be removed, pressuming you had a 5 year IVA.
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mossco

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Post by mossco » Fri Jan 11, 2008 1:29 pm
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it was indeed 5 years, so what are the chances of getting a loan, slim?
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cr15py

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Post by cr15py » Fri Jan 11, 2008 1:36 pm
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I would not want to get credit again once I have completed my IVA. Anything I buy after 2013 will be paid for first - I feel that I have learnt my lesson with credit once and for all. The only exception to this would be a mortgage.

Having said that, car finance is different to credit cards.......

Visit my blog at http://cr15py.blogs.iva.co.uk
Chris
Visit my blog at http://cr15py.blogs.iva.co.uk
16 down, 44 to go!!
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caraf

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Post by caraf » Fri Jan 11, 2008 1:54 pm
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I agree with that, I dont want any credit afterwards at all. If you cannot afford to pay for it you cannot have it !!
53 down 7 to go !!
Cant wait till December 2012
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mossco

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Post by mossco » Fri Jan 11, 2008 1:57 pm
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i understand what you are saying, but its very difficult to go through life without any credit at all, my IVA is paid and it was tough but i managed without £500 a month and never missed a payment so i'm sure i could handle a small loan again.
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Adam Davies

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Post by Adam Davies » Sun Jan 13, 2008 2:52 am
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Hi
There is no problem in taking credit again,I'm sure that you know your limits.Try your current bank because they will be hungry for business,know your history and the staff memeber that authorises loans will have authority,upto a certain limit,to grant a loan and overide any computer rejections,so keep the figure as low as you can.
Regards

Andy Davie
IVA.co.uk Spokesperson and Website Manager

About me:
http://www.iva.co.uk/andy_davie_profile.asp

IVA Helpline: 0800 197 4838
http://www.iva.co.uk/iva_helpline.asp
Andam Davies
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iva.com

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Post by iva.com » Wed Mar 12, 2008 5:09 pm
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Dear mossco, Hope you got your mobility issues sorted out. I would like to remind you of the review boards on our web site. You can have your say about the service you received from your IVA provider - if you have not done so already. Best of luck for the future.

Many thanks
Susan Macdonald
IVA.com - The IVA Comparison Site
100s of reviews, All IPs and IVA firms rated.

Use our IVA firm comparison tool to find best IVA firm for you:
http://www.iva.com/iva_comparison_1.asp
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