His credit file could be affected as there will be some links registered but his existing credit facilities should be unaffected. Creditors may want to know why the property is in his name and what if any contribution you have made towards it and some may ask for a six year arrangement.
Speak to an IP firm and get all your questions answered.
I am trying to read between the lines here, you speak of yourself and husband as two entities rather than "our home being in his name" etc ?If you are a happy family is it not possible he could re-mortgage to release some equity from the property in his name to pay off your debts as a lump sum without the need for the IVA ? IF you both sit down and consider best options going forward ?
If you're not living together ignore the above.
Last edited by longslog101 on Tue Nov 17, 2015 4:54 pm, edited 1 time in total.
My Blog details, the route I took before IVA, how I choose my firm, equity release advice (year 4-5), challenging the CRA's keeping IVA on credit file once gone from insolvency register
IVA ended August 2015. Would recommend McCambridge Duffy
