How to you recover credit score wise from an IVA? I’ve finished my IVA earlier this year by offering a full and final settlement. I entered my IVA 1 year previously. All my accounts are still in default and some have outstanding balances attached which I am trying to work through and get cleared. Does it drop off 6 years after my account first went into default? Experian is so scary when I look at it
Your credit score will remain bad until 6 years from the start of your IVA.
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
l wrote:How to you recover credit score wise from an IVA? I’ve finished my IVA earlier this year by offering a full and final settlement. I entered my IVA 1 year previously. All my accounts are still in default and some have outstanding balances attached which I am trying to work through and get cleared. Does it drop off 6 years after my account first went into default? Experian is so scary when I look at it
I got a vanquis card, only 500 limit .Hardly ever use it but as a credit builder is a start.
Iva completed in July.
Being debtfree feels great.Keep going all the people who have one. !!!
l wrote:How to you recover credit score wise from an IVA? I’ve finished my IVA earlier this year by offering a full and final settlement. I entered my IVA 1 year previously. All my accounts are still in default and some have outstanding balances attached which I am trying to work through and get cleared. Does it drop off 6 years after my account first went into default? Experian is so scary when I look at it
After six years you can start to rebuild your credit score until then it's a right off.
Make sure your mortgage (if appropriate) and such things as mobile phone contracts are up to date, also your bank account - it all helps.
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
