We finished our IVA five years and rebuilt our credit score. It now stands at 996 on Experian.
My problem is when I’m filling in forms on Go Compare etc websites for insurance, they ask if anyone has ever been declared bankrupt. I put ‘Yes’. Am I correct? It makes our insurance more expensive.
If it says "ever" then "yes" is the correct answer, However, this is a blanket question on a comparison website .... going direct and the insurers might not even ask the question, or might couch it in different terms.
Edit: Apologies -- my reply refers to bankruptcy. If you were in an IVA and they ask about BR, it doesn't apply. As others have said, an IVA is not bankruptcy.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014 http://foggy.blogs.iva.co.uk
IVA is not the same as as bankruptcy so, unless it specifically states that you should be ok.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk