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peteski2012
- Posts: 20
- Joined: Wed Jul 31, 2013 11:41 am
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How long after receiving my completion certificate will I be able to approach mainstream lenders for a loan? Will I forever be blacklisted on bank records?
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luluj
Forum Expert
- Posts: 11333
- Joined: Sun Dec 09, 2007 6:54 am
- Location: United Kingdom
Once all cleared from your records (6yrs from start date) you can approach mainstream lenders although you may experience some resistance as many banks retain their records for longer.
Sharing from experiences of dealing with debt
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peteski2012
- Posts: 20
- Joined: Wed Jul 31, 2013 11:41 am
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Also is it worth in that case staying away from former creditors and companies with in their group in the short term and trying a completely new lender I've never had history of any kind with?
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IVANotOverYet
- Posts: 172
- Joined: Sat Jul 28, 2012 5:49 pm
- Location: United Kingdom
Absolutely. I've secured some mainstream credit since my IVA finished, but with lenders who were not connected to any of my previous creditors. Make sure you also check which lenders are parts of the same group as so many are owned or part-owned by each other!
IVA Completed!
Final payment made November 2011.
CoC received 12/10/12.
