www.iva.co.uk

Hi...what's worse IVA or Bankruptcy for an individual?

depends on your individual circumstances! please elaborate more on yours
kerri

Please view my blog at: http://scaredkez.blogs.iva.co.uk/

I'm in an IVA and looking to make final settlement fingers crossed. I was just wondering what looks worst out of the two on your credit file?

to be honest in my own opinion they both look the same others will have different comments, all depends on which way you look at it and for why.
kerri

Please view my blog at: http://scaredkez.blogs.iva.co.uk/

well just concerned about taking out a mortgages in a couple of years time...my IVA will still be on there (another 5 years yet).

also I did ask the other day how long it will appear on the DTI register once I have complete the f&f settlement, but I meant the Insolvency register...or are they the same?

Thanks

taking out a mortgage in 5 yrs should be fine if you meet the criteria and deposit, either way iva or BR will be on your file for at least 6 yrs.
kerri

Please view my blog at: http://scaredkez.blogs.iva.co.uk/

Hi Aaron,

I have just had a quick scan of our current mortgage products and found that an IVA in most instances, is considered more favourably in most of the mortgage criteria, especially where it has been run satisfactorily.

FREE ADVICE IS THE BEST ADVICE

LEYBRIDGE LIMITED
Mortgage Broker
Specialising in adverse credit.

see feedback and testimonials at:
http://www.leybridge.com/testimonial.php
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http://mikebdomain.blogs.iva.co.uk/
Please read our Initial Disclosure Document(IDD):
http://www.leybridge.com/Leybridge-IDD.pdf

Hi Aaron,

Just to add to others comments, If you are offering a Full and Final Settlement your details will come off the insolvency regester when a certificate of completion has been issued (when the offer is accepted).

However the IVA will remain on your credit file for the duration of 6 years from its original commencement.

Best Regards,
IVA Experts
http://www.iva-experts.co.uk/