My IVA is now complete via the full & final settlement route as some of you already know. I spoke to my IP yesterday and the final report & certificate of completion have now been sent out to me & the creditors. Roughly how long should I now wait before checking my credit reports? What should the report show? Any tips on how to rebuild my score? I'm not looking to obatin credit now as I dont need to with all this extra disposable income but want to rebuild it in anyway I can ready for Feb 2011 when it drops of the file for good & I can look at a mortgage??
Thanks
Hi
Your credit report will be affected until the IVA drops off your file, six years from the start date.
Personally I really do not think that there is anything that you can do to improve your credit report.You may as well just wait for the six years to effectively wipe out most/allof the entries
Regards
Andy is right - but as long as credit is used sensibly in the future, for emergencies only, there is no reason why you cannot have at least a credit card with a small limit if you can find someone prepared to offer you this facility. Try your own bank first to see what they say.
You could see how many of your creditors have defaulted you since the IVA has approved, and then write to them and tell them to remove the defaults, as they are not allowed to default you post IVA.
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
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
