does iva affect my credit rating

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jlr

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Post by jlr » Wed Aug 13, 2008 4:27 pm
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if i have an iva does it affect my credit rating and future for morgages etc
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chris.g

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Post by chris.g » Wed Aug 13, 2008 4:30 pm
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Hiya and welcome. Yes, an IVA, like bankruptcy, will effect your credit history badly for 6 years. You will probably not be able to get credit in those 6 years, but many go on to get mortgages etc after.
It's nice to be back......
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Viki.W

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Post by Viki.W » Wed Aug 13, 2008 4:30 pm
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Hey jlr, welcome to the forum. Your credit rating will be rubbish for six years from the date of your creditors meeting.[:(] X
If you would like to talk to me about your debt problems, please visit:
http://www.vincentbond.com/about_us_Viki_Warbrooke.asp
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plasticdaft

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Post by plasticdaft » Wed Aug 13, 2008 5:17 pm
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Though if you are ploying with the idea of an iva your credit rating may well not be as good as it is for very long!!!
Discharged today the 8th feb 2012. View is much brighter now.
Continuing to rebuild our credit worthiness.
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kallis3

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Post by kallis3 » Thu Aug 14, 2008 6:46 am
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The minute you stop making payments to your creditors it is shot!
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley.
http://kallis3.blogs.iva.co.uk
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plasticdaft

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Post by plasticdaft » Thu Aug 14, 2008 8:30 am
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Although if you are that worried about your credit rating I would think that your debts are perhaps almost manageable right now. Its when you get to the point that your credit rating doesnt matter one hoot that you know its time to get the experts involved.
Discharged today the 8th feb 2012. View is much brighter now.
Continuing to rebuild our credit worthiness.
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