www.iva.co.uk

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.

Have a read here: https://www.iva.co.uk/what-does-an-iva- ... dit-record

You might find this quick video I made about cleaning up your credit record useful:

https://youtu.be/PV4RzUY4BRM
Noddle and Clearscore are also free credit agencies to consider using:

https://www.noddle.co.uk/
https://www.clearscore.com/

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.

Also best to make sure that you are showing on the electoral register as that is a major plus on credit scoring.

Regards