Getting cleaned up - year 5

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Post by Cupcake08 » Tue May 04, 2021 8:02 pm
Currently a hypothetical question but if via equity release you finish IVA at year 5 and receive your completion certificate what steps are recommended for improving your credit score. I would look to limit credit for day to day life - the ultimate goal is to move home as soon as circumstances permit. I am aware that it is after the 6th anniversary the IVA drops off the credit file. Any experiences or advice would be appreciated or is it simply a case of working with a knowledgable mortgage broker who deals with those who have completed an IVA?


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Post by luluj » Tue May 04, 2021 8:05 pm
Being on electoral role, Mobile phone contracts, and occasional use of a credit card to buy something each month maybe but pay it off will all help.

Most importantly for me is the use of an expert mortgage broker with experience of helping those in past ivas. Both Ryan and or Shaun on the forum would be a good starting point- I can personally vouch for Ryan.
Sharing from experiences of dealing with debt

There is a solution for everyone .... Just need to stay positive !

Look at my blog "All I wanted was a baby"


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Post by Foggy » Tue May 04, 2021 8:10 pm
For general things to do with credit records have a read of my article here: ... dit-record . Also the latter posts on my blog might help

As for mortgages after an IVA an experienced broker can be worth their weight in gold --- fortunately the pair mentioned by luluj, above, are on the skinny side :D :shock: not too much gold !!!
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
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