Replace ageing car after IVA and cashing pension

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chris436
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by chris436 » Sat Sep 23, 2017 8:58 am
I have just received my completion certificate can I now try for credit to replace an ageing car as I need it for work also if I need to can I cash in a pension
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kallis3
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by kallis3 » Sat Sep 23, 2017 9:07 am
For credit you really need to wait until your records are clear and you have dropped off the Insolvency Register before applying for any credit.
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Foggy
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by Foggy » Sat Sep 23, 2017 9:16 am
Your pension is yours to do with as you will ( but do take professional advice over short term gains vs. long term losses).

Have a look here regarding credit clean up ---

https://www.iva.co.uk/what-does-an-iva- ... dit-record

Best to wait until that is done before applying for credit as refusals will stain your credit record again. Although you have finished, the IVA will be on your record for 6 years from the start date so will overshadow any credit application.
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