WWhat Happens when IVA finishes/Credit Score

[andrewgoodman121]

What happens when you have successfully completed your IVA
I know that you are issued with a certificate of completion
but is the IVA a stain that remains afterwards
and you become a credit risk for maybe 2-5 years afterwards
even though you are now debt free and complied with it's repayments.
I don't want anymore credit after what i have been through and an IVA is helping but i am aiming to get my credit score back to normal but how long after the IVA would that take as i don't want to be seen as a credit risk for years to come.

[luluj]

Your IVA remains on your credit history for 6 years from the START of your IVA - so if you finished paying it in year 5 then you have one more year to go!

[andrewgoodman121]

i know that is what is said on paper and what has been told ,but i have read some conflicting stories on this and people who maybe are applying for a mortgage or loan are being given them at sub-prime rates say 2 years after there IVA is completed and there IVA's still crop up or refused as there credit score is still low.
How long after the IVA is completed does it take for your credit score to go to a normal healthy level

[ianmillington]

Hi Andrew

You may find this thread helpful

Ian

http://www.iva.co.uk/forum/topic.asp?TOPIC_ID=9716