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Posted: Sat Jan 27, 2007 5:24 pm
by grahm
I live with my parents, can i still apply for an IVA and will it affect their credit rating.
Posted: Sat Jan 27, 2007 5:42 pm
by Skippy
Yes, you can still apply for an IVA. I am not a homeowner and I am in an IVA. If your IVA did affect your parent's ability to obtain credit they can apply to the credit agencies (Experian and Equifax I think) to be disassociated from your debts.
Three down, fifty seven to go until freedom!
Posted: Sat Jan 27, 2007 5:43 pm
by beresford
Hi grahm
I live with my parents and my IVA was accepted in Nov 2006 no problem.
Good luck to u
Posted: Sat Jan 27, 2007 10:49 pm
by iva_squirrel
Hello,
Yes, you can apply for an IVA. It makes no difference whether you are a tenant or homeowner or if you are still living with your parents.
Unpaid debts can affect your credit rating whichever legal process is used to deal with them. However, when an IVA is successfully concluded, the fact will appear on your credit record and may look favourable to any future credit providers.
Your parents' credit rating should not be affected from your IVA however if it did, they can apply to the credit agencies to be disassociated from your debts.
Kindest regards,
Julia
For more information about IVAs, please visit my website:
www.supersonicsquirrel.net