Credit score still low

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michelle916

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Post by michelle916 » Wed Sep 11, 2019 5:13 pm
Hi, my IVA was completed in 2016, I have been trying to rebuild my credit score so that I can possibly remortgage to a fixed rate or move house some day. I have noticed that on my credit score it states all the accounts settled & show as £0 but 1 still shows the full amount. Could this be the reason my credit score is still so low even after 3 years of trying

Foggy

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Post by Foggy » Wed Sep 11, 2019 5:15 pm
When did the IVA start ?
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

michelle916

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Post by michelle916 » Thu Sep 12, 2019 9:21 am
It started in 2013

Foggy

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Post by Foggy » Thu Sep 12, 2019 9:29 am
Thu Sep 12, 2019 9:21 ammichelle916 wrote:
It started in 2013
Ah, right, so the 6 years from the start date is about now ? Once that 6th anniversary arrives is when the credit records and scores start to change, assuming thast completion has formally taken place, you have been removed from the Insolvency Register and that the defaults were lodged and dated correctly. Have a read here: https://www.iva.co.uk/what-does-an-iva- ... dit-record

The status and balances shown on accounts do not matter -- the fact that the default is there is enough, or,if the default was never registered, as it should have been, the bad history will be evident.
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

michelle916

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Post by michelle916 » Thu Sep 12, 2019 9:37 am
Ah!! Ok understand now so the 6 years is November this year, so I should possibly start to see a change from now on? Who is the best company to sign up with to check your credit score?
Thanks

kallis3

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Post by kallis3 » Thu Sep 12, 2019 9:39 am
You can try Clearscore, Totally Money both of which are free.
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

Foggy

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Post by Foggy » Thu Sep 12, 2019 10:34 am
Thu Sep 12, 2019 9:37 ammichelle916 wrote:
Ah!! Ok understand now so the 6 years is November this year, so I should possibly start to see a change from now on? Who is the best company to sign up with to check your credit score?
Thanks
As Kallis says, there are numerous online sites that will give you access to your record -- these are run by or in conjunction with the credit reference agencies and are free. You can also get copies of your file from each agency for a couple of quid a pop --- they are one off's but accurate at the time of issue (those free sites are often a few weeks behind) and are what your lenders actually see.

I use Noddle ( now Credit Karma) and Clearscore to keep track of things.
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

kallis3

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Post by kallis3 » Thu Sep 12, 2019 10:40 am
I use Credit Karma as well (just forgot the new name!)
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

michelle916

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Post by michelle916 » Thu Sep 12, 2019 11:23 am
Great help thanks everyone

michelle916

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Post by michelle916 » Thu Sep 12, 2019 11:46 am
Ok, so just joined Credit Karma- 1 of the accounts on my IVA which was with Barclay card, still shows as open & has default marked against it, but all the others are in the closed section. Do I need to do anything or will this drop off itself? Thanks

Foggy

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Post by Foggy » Thu Sep 12, 2019 12:21 pm
As long as they have been defaulted at the correct date ( November 2013) or thereabouts they will drop off on the 6th anniversary.
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
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