Lump Sum IVA

Get expert opinion. This is the place for new questions to be posted.
4 posts Page 1 of 1
User avatar
moira999
Posts: 3
by moira999 » Thu Jan 10, 2019 7:18 pm
I had full and final certificate for Lump Sum IVA issued in March 2016 . When can I apply for credit cards or a mortgage?
User avatar
kallis3
Forum Expert
Posts: 73907
Contact
by kallis3 » Thu Jan 10, 2019 7:21 pm
Have you checked your credit rating?
User avatar
Foggy
Forum Expert
Posts: 27688
Contact
by Foggy » Thu Jan 10, 2019 8:40 pm
The IVA will remain on your credit files for 6 years from the start, as will any defaults. Some mortgage lenders will look at you three years after completion, but your credit score will remain low. You will get better rates after the credit files have cleared.
User avatar
Ryan
Industry Expert
Posts: 966
Contact
by Ryan » Fri Jan 11, 2019 8:57 am
Hi Moira,

On the mortgage front there are some specialist Lenders who may look to lend to you now if you have access to a large deposit but you would be looking at higher than 'normal' High Street interest rates. As Foggy has said it may be possible 3 years after the Completion Certificate was issued to obtain a 'normal' mortgage and certainly 6 years after the IVA began that would be possible.

Regards
4 posts Page 1 of 1
Return to “Ask IVA Forum and Industry experts”

Who is online

Users browsing this forum: No registered users and 22 guests