Posted: Mon Oct 14, 2013 11:29 pm
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.