How to you recover credit score?

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l

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Post by l » Wed Oct 10, 2018 8:14 pm
How to you recover credit score wise from an IVA? I’ve finished my IVA earlier this year by offering a full and final settlement. I entered my IVA 1 year previously. All my accounts are still in default and some have outstanding balances attached which I am trying to work through and get cleared. Does it drop off 6 years after my account first went into default? Experian is so scary when I look at it :-(

kallis3

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Post by kallis3 » Wed Oct 10, 2018 10:28 pm
Your credit score will remain bad until 6 years from the start of your IVA.
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 Oct 11, 2018 6:52 am
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

Lisa Thomas

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Post by Lisa Thomas » Thu Oct 11, 2018 8:15 am
You might find this quick video I made about cleaning up your credit record useful:

https://youtu.be/PV4RzUY4BRM
Noddle and Clearscore are also free credit agencies to consider using:

https://www.noddle.co.uk/
https://www.clearscore.com/
I'm a licensed IP with 16+ yrs at Neville & Co covering the South West area. I have a YouTube channel with advisory videos on here: https://www.youtube.com/channel/UCMPTTu ... Z5k9ZcC2MA http://www.nevilleco.co.uk 01752 786800 Lisa@nevilleco.co.uk

stanley2018

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Post by stanley2018 » Tue Oct 16, 2018 3:02 pm
l wrote:
How to you recover credit score wise from an IVA? I’ve finished my IVA earlier this year by offering a full and final settlement. I entered my IVA 1 year previously. All my accounts are still in default and some have outstanding balances attached which I am trying to work through and get cleared. Does it drop off 6 years after my account first went into default? Experian is so scary when I look at it :-(
I got a vanquis card, only 500 limit .Hardly ever use it but as a credit builder is a start.
Iva completed in July.
Being debtfree feels great.Keep going all the people who have one. !!!

stanley2018

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Joined: Mon Sep 24, 2018 11:00 pm

Post by stanley2018 » Tue Oct 16, 2018 3:05 pm
l wrote:
How to you recover credit score wise from an IVA? I’ve finished my IVA earlier this year by offering a full and final settlement. I entered my IVA 1 year previously. All my accounts are still in default and some have outstanding balances attached which I am trying to work through and get cleared. Does it drop off 6 years after my account first went into default? Experian is so scary when I look at it :-(
After six years you can start to rebuild your credit score until then it's a right off.

kallis3

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Post by kallis3 » Tue Oct 16, 2018 3:20 pm
Make sure your mortgage (if appropriate) and such things as mobile phone contracts are up to date, also your bank account - it all helps.
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

Ryan

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Post by Ryan » Tue Oct 16, 2018 3:47 pm
Also best to make sure that you are showing on the electoral register as that is a major plus on credit scoring.

Regards
Ryan Radford
IVA Mortgage Expert
Zebra Money Centre

IVA Mortgage advice needed?

Contact me at http://www.ivamortgageexpert.co.uk or via the expert page
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