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Posted: Tue Jun 15, 2010 5:33 pm
by Jinx
Hi all,
Just made final payment on my IVA.
I just have 2 questions;
How long till I get my completion certificate?
How can I rebuild my credit rating?
Dan
Posted: Tue Jun 15, 2010 6:01 pm
by kallis3
Hi Dan, and well done for completing your IVA.
The certificate can take a few weeks to come through, some people have waited longer, I think it depends on the IP and their workload.
Don't forget that the IVA will remain on your file for the full six years from acceptance.
You should request a copy of your credit record from the three credit reference agencies and make sure that no defaults have been registered since the date of approval. If there are then you need to write to them to tell them to remove them.
You can start to rebuild by keeping your bank account/mortgage/mobile phone contracts up to date. You could also try applying for the Vanquis credit card - high interest rate but as long as you pay it off in full every month then you shouldn't have a problem.
Posted: Tue Jun 15, 2010 10:28 pm
by Lisa2009
Well done from me too.
Hubby waited some 16 or so weeks i think for his to come through but most people get theirs through much faster than that.