Hello, I sucessfully completed IVA 18 months ago

[richytonka]

Hello, I sucessfully completed my IVA 18 months ago and in fact finished it 3 years early and paid 22k to finish it off, how do I go about getting credit now ?

[rayb]

Hi,

Your credit is shot for 6 years from when the IVA was first taken out.

What you will need to do is to send a copy of your completion certificate to each of the 3 Credit Agencies who will update you records.

If you have a phone contract or catalogues and manage your bank account well these are reported to the agencies and would help in the long term

[kallis3]

Plus mortgage or rent up to date helps on there as well.

[richytonka]

[quote]Originally posted by rayb

Hi,

Your credit is shot for 6 years from when the IVA was first taken out.

What you will need to do is to send a copy of your completion certificate to each of the 3 Credit Agencies who will update you records.

If you have a phone contract or catalogues and manage your bank account well these are reported to the agencies and would help in the long term


Which are the 3 agencies please ?

[rayb]

They are Experian , Call Credit and Equifax

[rayb]

Full details below:

Experian Ltd
Consumer Help Service
PO Box 8000
Nottingham NG80 7WF
Tel: 0870 241 6212
www.experian.co.uk
(you can order your credit file on the internet or by telephone).

Equifax plc
Credit File Advice Centre
PO Box 1140
Bradford
BD1 5US
Tel: 0870 010 0583
www.equifax.co.uk
(you can order your credit file on the internet).

Callcredit plc
Consumer Services Team
PO Box 491
Leeds
LS1 5XX
Tel: 0870 060 1414
www.callcredit.plc.uk
(you can order your credit file on the internet).

[kallis3]

If, when you get your reports, any of your creditors are showing as having defaulted you after the date of the IVA approval, you will need to write to them to get them to remove it.

They can't default once you are in an IVA.

[penny.l]

For info I completed my IVA in Sept last year - I have 2 defaults against my name dated 2006 but I have managed to open a new bank account with an overdraft (although I didn't opt for hte overdraft) - I have also opened a new phone contract without any difficulty.

[kallis3]

You were very lucky there Penny.