www.iva.co.uk

if i took out an IVA after the completion date how long would it remain on my credit report for? Could i ever obtain credit again?

Hi gaz,
From everything that I have read so far, you can start to repair your credit rating after a six year period...5 years for a typical IVA and another year after this.
Are you considering an IVA?
By the way, if you are, don't be suprised if you start to see credit in a new light..it becomes quite unappealing on the journey to a debt free future,
Once you have completed a few months of getting back to basics and appreciating life without credit, it doesn't seem so important to have the credit cards!

Kitty is right. Once you have an IVA on your record, it will remain on the credit file for six years from the date of your creditors meeting.

I was wondering Melanie, Do you ever see people who have had IVAs, finished them, slowly got more credit and ended up back in debt again and needed a 2nd IVA or is it literally 100% who learn their lesson?

It does happen - and I have seen an ex-client of mine run up considerable debt and then ask for a second IVA, but thankfully I would say this is quite rare. With 5 years of IVA repayments, most people are just happy to have their disposable income back, and actually become savers rather than spenders.