will wife's iva affect my credit rating?

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murray.n

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Post by murray.n » Fri Aug 01, 2008 11:03 pm
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I split from my wife 7 months ago and we have a joint loan that we both pay, she wants to have an IVA please could you let me know if this will affect my credit rating?
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MelanieGiles

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Post by MelanieGiles » Fri Aug 01, 2008 11:23 pm
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Hi murray and welcome to the forum

Your wife's IVA may well affect your credit rating as you are both associated by virtue of your marriage. If she enters into an IVA, you will be liable for the full repayment on the loan as it may be some time before any monies are paid to creditors from her IVA.
Regards, Melanie Giles, Insolvency Practitioner
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