Posted: Sun Aug 14, 2011 6:29 pm
Hi All,
I've been out of my full and final for a year now (creditors meeting was 2 years ago but had to wait for the revenue). I wonder if you could offer advice in 2 areas?
1) Is the Vanquis credit card a good idea. I want to build up by credit score but if I have a Vanquis card on my file after the IVA drops off in 4 years, will a credit check person assume I have had a bad history due to Vanquis only giving cards to people like me?
2) Being a F&F, my IVA will be on my records as closed for 4 further years. Will credit companies look on that differently from a normal IVA. For example, would I be more likely to get finance in 2 years time or is it the case that they won't touch me until the IVA has gone from my records?
Thanks,
Andy.
I've been out of my full and final for a year now (creditors meeting was 2 years ago but had to wait for the revenue). I wonder if you could offer advice in 2 areas?
1) Is the Vanquis credit card a good idea. I want to build up by credit score but if I have a Vanquis card on my file after the IVA drops off in 4 years, will a credit check person assume I have had a bad history due to Vanquis only giving cards to people like me?
2) Being a F&F, my IVA will be on my records as closed for 4 further years. Will credit companies look on that differently from a normal IVA. For example, would I be more likely to get finance in 2 years time or is it the case that they won't touch me until the IVA has gone from my records?
Thanks,
Andy.