www.iva.co.uk

Firstly, forgive my ignorance but I have never been very offay with how credit scoring works. I understand the bits about how long you have lived at your address etc and defaults, but I don't understand what an IVA means to my credit rating.

Does the fact that I an in an IVA mean that I have deafaults? When someone does a credit check on me do they just see 'IVA' and nothing else?

The reason that I ask this is that I was wondering if it is possible to improve my credit score whilst in the IVA? I am not suggesting attempting to get credit, but I was thinking of getting a pre-paid credit card and have read that these can help improve your credit rating as the fee you pay each months works as a loan.

Is this worth doing or is my credit 'score' irrelevant as long as I am in the IVA?

Thanks

I'm not an expert ellie may and I don't know how credit scoring works either, but I'm pretty sure that you can't really repair your credit rating whilst in an IVA. One of the experts will maybe explain how it works, I might be wrong. Viki X