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Will an IVA affect living in rented accommodation?
Posted: Fri Mar 13, 2020 2:07 pm
by david127
Will an IVA affect living in rented accommodation? I’m not in debt for my rent payments but my money owed to others may affect it in future
Re: <t>Will an IVA affect living in rented accommodation?</t>
Posted: Fri Mar 13, 2020 3:26 pm
by magicsam
I was in rented accommodation throughout my IVA without any issues, it would be difficult to rent somewhere new during it though as you would fail any credit checks.
Re: <t>Will an IVA affect living in rented accommodation?</t>
Posted: Fri Mar 13, 2020 3:53 pm
by Foggy
Your rent, as agreed with your IP and creditors will be part of your allowed living expenses and, so, you will be able to continue paying rent as normal. As magicsam says, tough, getting a new rented property would be difficult, but not impossible, during the IVA as your credit files will be wrecked for 6 years from the start of the IVA.