www.iva.co.uk

Posted: **Tue Sep 25, 2007 5:31 pm**

we are in our final year of iva. Once we have paid final payment do we need to do anything e.g contact anyone regarding credit rating?

Posted: **Tue Sep 25, 2007 5:43 pm**

Hi
Well done
Once you get your certificates of completion from your IP you can send a copy t each of the credit reference organisations so that they can update their records.
Your IVA will stay on your file for a total of six years from when it first started.
Regards

Andy Davie
IVA.co.uk Spokesperson

About me:
http://www.iva.co.uk/andy_davie_profile.asp

IVA Helpline: 0800 197 4838
http://www.iva.co.uk/iva_helpline.asp

Posted: **Tue Sep 25, 2007 6:04 pm**

Hi tim.d and welcome to the forum - well done on nearly completing your IVA - it's always a good idea to check out your credit reference – just to make sure, it looks as it should.

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
Check out my blog at:
http://mikebdomain.blogs.iva.co.uk/
Please read our Initial Disclosure Document(IDD):
http://www.leybridge.com/Leybridge-IDD.pdf

Posted: **Tue Sep 25, 2007 10:45 pm**

As far as i know everything should say settled, so check this...when i checked mine after my completed IVA i had defaults (lloyds) still showing an outstanding balance...The credit agency looked into this for me and got it sorted.

The Defaults and the default amount will stay but the outstanding balnce should read 00.00 and the D (default) should be S (settled) HTH x

Posted: **Wed Sep 26, 2007 7:44 am**

so is it really difficult getting credit when you have finished as i am wanting to start my own business & i can't even get a business account at the moment!

Posted: **Wed Sep 26, 2007 8:29 am**

Hi Tim

It should not be too difficult to get a basic account, which could be used as a business account in the meantime - could you just separate the personal transactions from the business ones. Once you have been with the bank for a couple of months, I am sure that they would then open a separate business account for you if one is really needed.

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

To have me propose an IVA for you, please visit:
http://www.melaniegiles.com/ivaEnquiry.asp

See customer feedback at:
http://www.iva.com/iva_companies/IVA_Advice_Bureau.asp

Posted: **Wed Sep 26, 2007 10:09 am**

Welcome to the Forum Tim.d,

You will not be able to gain credit for one more year after your IVA has finished, as your IVA stays on your credit file for a total of 6 years from its commencement.

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

Posted: **Wed Sep 26, 2007 10:45 am**

Open a seperate basic account with a bank and then use this for your business transactions whilst you are setting up the new business. Once established make an appointment with the Business Manager of that bank and hopefully they will be able to set you up with some business baking facilities.

Best Regards
Oliver

Thomas Charles and Co Ltd.
Experts in personal debt solutions.
Read customer feedback at: www.thomascharles.com/about_us.asp

Posted: **Wed Sep 26, 2007 9:11 pm**

Hi
A forum member used this company to get a business account but they had to deposit a fair amount to open it [5k]
www.secretariatservices.net
Regards

Andy Davie
IVA.co.uk Spokesperson

About me:
http://www.iva.co.uk/andy_davie_profile.asp

IVA Helpline: 0800 197 4838
http://www.iva.co.uk/iva_helpline.asp