How will IVA affect my credit score

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iveta
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by iveta » Sat Oct 07, 2017 10:20 am
How it will affect my credit score and ability to have mortgage in the future?
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kallis3
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by kallis3 » Sat Oct 07, 2017 10:56 am
Hi,

Your credit score will be shot for six years but you should be able to get a mortgage after completion and everything has dropped off your record.

Have a word with a couple of companies and take advice from them,

How much are your total debts?
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Foggy
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by Foggy » Sat Oct 07, 2017 11:05 am
As Kallis says, your credit score will bomb for 6 years, after which it will return to pretty much normal. Regarding mortgages, there are some (thankfully not many) lenders who will hold an IVA against you, but more and more will not.
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