applied for a Vanquis card a month after my IVA completed and set up a DD to pay the full amount each month.. used it for about 10 months then applied for a Amazon Mastercard and when accepted cancelled the Vanquis.. so yes its very good for getting your credit building started!

yep but in time it slowly recovers.. 8 yrs on from my iva and my credit score is now a glowing 5 out of 5. takes a while to build it back up but you are not black listed for life! i started off by using getting a Vanquis card paying it off in full each month and going on from there.

the way i started to rebuild my credit rating after my IVA was by applying for a Vanquis card. the chances of getting one are quite good even if your credit rating is not. just remember when accepted to set up a Direct Debit to pay the full amount each month (to avoid their sky high APR!) and declin...

yes i remember that feeling well.. at my lowest point in my IVA i do remember eating nothing but sardines and beans on toast for a long time! but you do learn a very good lesson from it and my finances these days are well controlled because of the hardship i went through for 6 yrs.. in a way i told ...

my total debt was 75K and my monthly payment was £300.. that was back in 2005 though

any letters demanding money which you receive while in your IVA should be forwarded directly to your IP to deal with. i had a few while in my IVA and just sent them off to Payplan straight away. some companies just do not update their records properly i think!

the key to having a Vanquis card is to use them rather then let them use you. just ensure that you set up a DD to pay off the full balance each month then they don't get a penny from you. you will then improve your credit rating from using it. i had one for a while before getting a mainstream credit...

I would recommend trying for a Vanquis card as your first credit card and then paying it off in full every month so you don't pay their sky high interest charges. That's what i did after i completed my IVA and then after 6 months or so applied for the Amazon Mastercard online and got accepted straig...

i got a Vanquis card a few months after completing my IVA to improve my credit rating.. set up a direct debit to pay they full amount each month and was with them for about 10 mths and didnt pay them one penny in interest or charges.. then applied for an Amazon Mastercard online and was accepted str...

yes i agree i couldnt wait to cancel my standing order! 10 mths seems a bit excessive though.. i was with Payplan and got my cert after 6 wks.. hope yours ends up coming thru sooner

there is a way out and some good advice is right here! 6 yrs ago i was 75k in debt and could no longer even afford all my minimum repayments on my cards! fast forward to today and after completing my iva i now don't owe a penny to anyone, have a clean credit history, have just been upgraded to a Hal...

nope didnt owe anything to those two.. think i will wait for the certificate to arrive to give myself the best chance of them saying yes

i am looking to apply for a Vanquis card post IVA (final IVA payment was in October) simply to rebuild my credit rating but have yet to receive my completion certificate from Payplan. is it worth applying now for the card or is it too soon and should i wait until i get my certificate? i am over the ...

when you first start off an IVA the end seems a long way off but its amazing how fast the time goes.. it only seems like yesterday that i was on the bus to Grantham to visit Payplan for my first meeting with them back in 2005! it will be over before you know!

missed payments are usually permitted to purchase essential items like say a new cooker or fridge or urgent car repairs. if its needed just to boost your income maybe your I&E does not a review though. missed payments are then just added onto the end of your agreement. i missed about 7 of them durin...