I have recently completed my Iva after six long years and am avidly regularly checking my score with three credit reference agencies. To my horror, my score has actually suddenly got worse since I received the completion certificate, but seem to remember this being mentioned before. Am I right in thinking things will dramatically improve once my name drops off the insolvency register. Is this correct? I have taken out a Vanquis cars which I shall use for petrol and pay off in full every month and can’t see anything untoward on the report.
yes -- while you are on the I.R. the IVA still shows on your credit history and is really the elephant in the room. Make sure that there are no Notices of Correction on any reports as well. If any appear just ask for them to be removed.
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