Paid of IVA within 2 years

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spon

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Post by spon » Wed Feb 06, 2008 5:24 pm
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Hi all,

My parents have just paid off my IVA for me, 3 years early. Thanks to them for that.

I am wondering, do I recieve a completion form or anything to say its been paided in full? and how long this takes?

As I want to move away from ThinkBanking and setup a New current account and savings account? Will I be able to get one? Also would like to be able to take out a mortage this year will this be possible or will I still have a bad credit record even thought my IVA is complete?

Thanks in advance.
Spon
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carlmcmullen

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Post by carlmcmullen » Wed Feb 06, 2008 5:50 pm
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Hi Spon,

You should receive a certificate of Full Implementation which basically you have satisfied your obligations to the IVA.

It will remain on our credit for file for 6 years from the date your IVA is approved regardless and you may still struggle to get a mortgage without a deposit.

I have heard of people obtaining a 100% mortgage 12 months after you settle your IVA. (But you would probably have to produce the certificate to the mortgage company)
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