Step by step procedures to repair credit please

4 posts Page 1 of 1
Post Reply
 
 

cameron.c

User avatar
Posts: 2
Joined: Fri Aug 01, 2008 11:04 pm
Location:
Post by cameron.c » Fri Aug 01, 2008 11:05 pm
Quote
I'm close to finishing my IVA infact march 10 i'm concerned that i will not be able to get credit straight away when i finish what are the procedures for people completing IVA's to start repairing their credir rating. Step by step please. Thankyou
Top
 
 

Kazzy E

User avatar
Posts: 850
Joined: Thu May 08, 2008 11:18 pm
Location:
Post by Kazzy E » Fri Aug 01, 2008 11:07 pm
Quote
Hi cameron and welcome to the forum. As I understand it, you credit files are not clear until a year after your IVA has been completed. If I am wrong, I am sure one of the experts will put me right. Good luck, Kazzy x
There is light at the end of that dark tunnel. Promise.

Visit my blog at: http://kazzy.blogs.iva.co.uk/
Top
 
 

LoneRanger

User avatar
Posts: 894
Joined: Fri Jun 20, 2008 6:00 pm
Location: United Kingdom
Post by LoneRanger » Fri Aug 01, 2008 11:07 pm
Quote
Your IVA will stay on your file for 6 years from the day of your IVA was approved. Assuming your IVA was 5 years it will stay on your file for a further 12 months. You wont be able to do anything about until then.

Do you really want credit again![?]
Steve.

IVA approved!
Top
 
 

TheMatrix

User avatar
Posts: 2171
Joined: Sat Mar 17, 2007 8:32 pm
Location: United Kingdom
Post by TheMatrix » Fri Aug 01, 2008 11:52 pm
Quote
While you are waiting those 12 months though, you can start making sure that any defaults have default dates no later than that of your creditors meeting.

You need to get hold of your credit file.

If any defaults have dates after your creditors meeting you need to inform the CRA that those debts were included within the IVA and that as such they were satisified on the completion of the IVA and the default date is incorrect and needs amending.

Otherwise some creditors could default you in year 4 of your IVA and you would have to wait effectively 10 years for this to drop off.

Hope that helps. Perhaps get hold of a booklet called No Credit, that may help
We're willing to wipe the slate clean, give you a fresh start. All that we're asking in return is your cooperation.
Top
Post Reply
4 posts Page 1 of 1
Return to “postings for august”