I have completed my last payment and am now waiting for the completion certificate which I believe can take up to 6 months. Is there any benefit to me applying for a pre payment card now to start rebuilding my credit rating and if so which ones do you recommend.
Hopefully you will have your completion letter soon. A prepaid card won't help you too much in building up your rating.
Keep mortgage payments, mobile phone and bank contracts up to date and that will help.
You could try getting a credit card such as Vanquis which, as long as you pay it off every month, will help your credit rating.
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
As Jan says prepaid cards do nothing for your credit file as no credit is used. A vanquis card(high APR)may be available to you even with the IVA on file but I'd be tempted to wait until the IVA drops off the credit file before applying to boost your chances of success.
Paul
Discharged today the 8th feb 2012. View is much brighter now.
Continuing to rebuild our credit worthiness.
