We recently completed our IVA with Harrington Brooks and have received our completion certificate dated 6 October. At the time I was informed by Harrington Brooks that we would stay on the insolvency register for another 3 months following completion, this news was a little frustrating but not a big deal.
Now our 20+ year old back boiler is almost dead! We are struggling with unreliable heating just when we need it to work the most with the current weather. I've been looking at a couple of firms on the internet that offer fast combi boiler replacements (they can fit this week) with interest free finance over 12/24 months.
I guess the question i'm asking is that would I be likely to achieve an acceptance for the finance whilst still on the insolvency register? Now that the iva is completed, we could repay the cost of the boiler in 4 months from the money that we used to pay HBrooks.
I've checked my Experian credit file and all traces of the IVA have been removed, likewise my Experian credit score is showing as 999 out of 999. However, at the moment my wife and I are still showing on the Insolvency database.
Has anyone been in this position before? If so, what course of action would be suggested.
I doubt that the finance company will search the Insolvency Register, but ... I also doubt that the IVA will have gone from all three credit reference agency files while you are still on the Register --- the finance company might well use one of the other two. BTW an Experian score of 999 is not always a good thing -- it is a default score indicating that there are things they do not have full intel on.
Have you had copies of the statutory reports from each agency ( couple of quid a pop) ?
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
To be honest, I hadn't bothered with the statutory copies as I did the free trial on Experian and everything looked good (or so I thought, now I'm not so sure).
Harrington Brooks were brilliant especially one particular advisor, Victoria, who took ownership of an issue regarding my wife's employment requirements and bent over backwards to help us complete as quickly as possible. I guess I just presumed everything would be finalised fully due to this helpful atitude.
I heard a story once of a guy desperately needing some money, and went to a local unemployment place (he was actually working) and applied for a budgeting loan or grant (I cant remember which) for a couple of hundred quid and got it !! I know little about this unfortunately but wanted to share my experience (or someone else's)
I think things have changed a lot since then - everything has been tightened up.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
