Credit card in an IVA

Get expert opinion. This is the place for new questions to be posted.
3 posts Page 1 of 1
Post Reply
 
 

Eggs are ace

User avatar
Posts: 54
Joined: Fri Nov 29, 2013 5:25 pm
Location: United Kingdom
Post by Eggs are ace » Mon Sep 21, 2015 9:50 am
Quote
So I am nearing the end of my IVA, only a few months left, so I am starting to think about repairing my credit rating with a view to getting a remortgage for a better deal some time in the future.

So my question is........

Are there any companies that would consider giving me a credit card while in an IVA? or will they all fall about laughing when they see my credit score? ha!!
Top
 
 

Michael Peoples

User avatar
Industry Expert
Posts: 15189
Joined: Mon Nov 03, 2008 12:36 pm
Location:
Post by Michael Peoples » Mon Sep 21, 2015 10:00 am
Quote
You may get a Vanquis card but be sure and get approval from your IP first. However it may be better to wait until the IVA is over as rejections could further damage your credit file unless the company carries out a 'soft' search which mitigates the problem.
Michael Peoples | McCambridge Duffy Insolvency Practitioners
http://www.mccambridgeduffy.com
If you would like to talk to me about proposing an IVA or have any questions at all please visit www.mccambridgeduffy.com
Top
 
 

Shining

User avatar
Posts: 27019
Joined: Thu Sep 20, 2007 8:57 am
Location:
Post by Shining » Mon Sep 21, 2015 12:39 pm
Quote
Personally I'd wait, I did and then go the Vanquis card - it did the job for me and just in the last month have my banks credit card now.
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
Top
Post Reply
3 posts Page 1 of 1
Return to “Ask IVA Forum and Industry experts”