www.iva.co.uk

Hi

I am 48 months in to a 60 month IVA. Have got 12 payments of £390 left plus a possible equity release of £5k.
My house doesn't have much equity at all. Less than 90%

I have had an offer of £5k for full and final offer accepted.

Will be transfering as soon as my parents give me the money.

I would just like to say a huge thanks to all the people that post questions and the people that answer the questions. This web site has kept me sane and given me excellent advice for the past 4 years.

Can anyone give me any advice what would be my next move after I have paid the £5k and eventually got my completion certificate ? I want to rebuild my credit - not to borrow any money but just have a good credit file.

Thanks very much to you all.

First of all congratulations on successfully completing your IVA and you can now move on. Your credit file will have already started to improve as payments to the like of Sky and mobile phone companies will improve matters as will any mortgage payments made. Your credit file will be damaged for six years from the date of the IVA but you can contact the credit reference agencies and notify them of the completion which will do no harm.