Page 1 of 1
Posted: Fri Jan 11, 2008 1:15 pm
by mossco
Hi,
my last payment of £500 was taken on november the 22nd and now i am just waiting for the certifcate of completion. does anyone or has anyone tried to get a loan, credit cards etc shortly after this?
i desperately need a new car, but pretty unsure if i can get any kind of credit for another year.
Posted: Fri Jan 11, 2008 1:20 pm
by debbiw
Hi Mossco, An IVA will stay on your credit file for 6 years, so you may have another year before it will be removed, pressuming you had a 5 year IVA.
Posted: Fri Jan 11, 2008 1:29 pm
by mossco
it was indeed 5 years, so what are the chances of getting a loan, slim?
Posted: Fri Jan 11, 2008 1:36 pm
by cr15py
I would not want to get credit again once I have completed my IVA. Anything I buy after 2013 will be paid for first - I feel that I have learnt my lesson with credit once and for all. The only exception to this would be a mortgage.
Having said that, car finance is different to credit cards.......
Visit my blog at
http://cr15py.blogs.iva.co.uk
Posted: Fri Jan 11, 2008 1:54 pm
by caraf
I agree with that, I dont want any credit afterwards at all. If you cannot afford to pay for it you cannot have it !!
Posted: Fri Jan 11, 2008 1:57 pm
by mossco
i understand what you are saying, but its very difficult to go through life without any credit at all, my IVA is paid and it was tough but i managed without £500 a month and never missed a payment so i'm sure i could handle a small loan again.
Posted: Sun Jan 13, 2008 2:52 am
by Adam Davies
Hi
There is no problem in taking credit again,I'm sure that you know your limits.Try your current bank because they will be hungry for business,know your history and the staff memeber that authorises loans will have authority,upto a certain limit,to grant a loan and overide any computer rejections,so keep the figure as low as you can.
Regards
Andy Davie
IVA.co.uk Spokesperson and Website Manager
About me:
http://www.iva.co.uk/andy_davie_profile.asp
IVA Helpline: 0800 197 4838
http://www.iva.co.uk/iva_helpline.asp
Posted: Wed Mar 12, 2008 5:09 pm
by iva.com
Dear mossco, Hope you got your mobility issues sorted out. I would like to remind you of the review boards on our web site. You can have your say about the service you received from your IVA provider - if you have not done so already. Best of luck for the future.
Many thanks
Susan Macdonald