live with my parents can i still apply for an IVA

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grahm

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Post by grahm » Sat Jan 27, 2007 5:24 pm
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I live with my parents, can i still apply for an IVA and will it affect their credit rating.
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Skippy

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Post by Skippy » Sat Jan 27, 2007 5:42 pm
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Yes, you can still apply for an IVA. I am not a homeowner and I am in an IVA. If your IVA did affect your parent's ability to obtain credit they can apply to the credit agencies (Experian and Equifax I think) to be disassociated from your debts.

Three down, fifty seven to go until freedom!
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beresford

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Post by beresford » Sat Jan 27, 2007 5:43 pm
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Hi grahm

I live with my parents and my IVA was accepted in Nov 2006 no problem.

Good luck to u
Last payment made on 1st Nov 2011. Happy to be debt free!
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iva_squirrel

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Post by iva_squirrel » Sat Jan 27, 2007 10:49 pm
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Hello,

Yes, you can apply for an IVA. It makes no difference whether you are a tenant or homeowner or if you are still living with your parents.

Unpaid debts can affect your credit rating whichever legal process is used to deal with them. However, when an IVA is successfully concluded, the fact will appear on your credit record and may look favourable to any future credit providers.

Your parents' credit rating should not be affected from your IVA however if it did, they can apply to the credit agencies to be disassociated from your debts.


Kindest regards,

Julia







For more information about IVAs, please visit my website:
www.supersonicsquirrel.net
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