Hello, I started my IVA 4 years ago as I simply could not meet payments of debt (I had been on debt management leading up to this but I would NEVER have cleared the debt). I live in a privately rented flat with my 8 year old son, however, my dad had to be a guarantor due to low income. I then started the IVA after I moved in. I have since met someone and the goal is to buy somewhere together. Whilst I know this is impossible whilst I'm still PAYING my IVA (1 more year) do I have to wait a further 12 months until we can apply for a mortgage together? Fortunately he is in a good financial position with an excellent credit rating. Mine on the other hand is appalling! Is there anything I can do NOW to get this tidied up? ie. I have all my accounts that are included in my IVA showing as default. Will these not show as settled until I have finished paying IVA? Or can I ask the lender to remove this now? We want to start a family of our own but I'm getting worried that we won't be able to because of the state of my credit. all I want to do is get on with my life and I now wish I had just accepted that paying off debt for the rest of my life was just the way it was. I thought getting an IVA was the right thing to do but its really shot me in the foot. Yes I made STUPID mistakes between 18-22...I'm nearly 30 now and paying for my mistakes big time.
Defaults will show and your IVA is recorded on your credit record for 6 years from the start of your IVA so not much you can really do at present.
Just check the default dates on all your accounts to make sure they tie in with your IVA approved date.
Don't think of the IVA in a negative way hun - lots of people have moved on afterwards and got mortgages once it's all off your record. You did the best thing in addressing your problems and I am sure you will feel more positive when it is all removed!
I think that this is the fourth version of this post now on the forum - probably something to do with IT rather than cazza being keen to spread the word too thickly - but I have answered on the other post.
Could admin try and consolidate the posts to make more sense out of the responses?
