Just wondering how long it takes after the 6 years is up (from date IVA is agreed)until you can have a good credit rating again? Its not that I will EVER want credit cards again, believe me, but at some stage will probably want to change mortgage companies. When you apply for a mortgage do they normally ask if you have EVER been in an IVA? Is having been in an IVA likely to in ANY way affect ones ability to get credit longterm?
It really depends upon the attitudes of individual lenders to be honest - some will ask, others may not - and of course no-one can predict the changes in attitude that market may have over the next six years.
I think its a must to rebuild your credit worthyness,remembering that after the 6 years when an IVA falls off your CRF you will have very little evidence of anything on file and thats what makes it hard to borrow,as lenders like to see good,clear,consistant payment history.
The sub prime market was massive and still is massive and there is money to be made therefore lenders will become slacker than they are now,again in the near future(only my take on things).
Discharged today the 8th feb 2012. View is much brighter now.
Continuing to rebuild our credit worthiness.