HI I have just completed a 5 year iva and recieved my certificate of completion
i have been informed that my next step is to send these reports to the three main credit reference agencies ,
to that end how long will it be before I can get things like a mortgage? and how long before my credit rating will start to rise.
Any defaults and the IVA will stay on your credit file for a period of 6 years and then should drop off. You will need to get copies of your credit files from each agency and check that creditors did not carry on defaulting you after the IVA was agreed. If this is the case you can write to them with a copy of your completion certificate and they will amend there records.
You can improve your credit rating by having things like a catalogue, mobile phone being on the voters roll etc. Once creditors see good ratings from these you are more likely to get a good rate deal for a mortgage
Congratulations from me as well and welcome to the forum.
Your bank accounts being in order and things like your mortgage being up to date all help as well.
You could think of applying for something like the Vanquiis credit card which does issue cards to people with poor credit ratings. As long as you cleared the balance each month it will show up as good on your record.
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