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Posted: Wed Aug 13, 2008 4:27 pm
by jlr
if i have an iva does it affect my credit rating and future for morgages etc
Posted: Wed Aug 13, 2008 4:30 pm
by chris.g
Hiya and welcome. Yes, an IVA, like bankruptcy, will effect your credit history badly for 6 years. You will probably not be able to get credit in those 6 years, but many go on to get mortgages etc after.
Posted: Wed Aug 13, 2008 4:30 pm
by Viki.W
Hey jlr, welcome to the forum. Your credit rating will be rubbish for six years from the date of your creditors meeting.[:(] X
Posted: Wed Aug 13, 2008 5:17 pm
by plasticdaft
Though if you are ploying with the idea of an iva your credit rating may well not be as good as it is for very long!!!
Posted: Thu Aug 14, 2008 6:46 am
by kallis3
The minute you stop making payments to your creditors it is shot!
Posted: Thu Aug 14, 2008 8:30 am
by plasticdaft
Although if you are that worried about your credit rating I would think that your debts are perhaps almost manageable right now. Its when you get to the point that your credit rating doesnt matter one hoot that you know its time to get the experts involved.