IVA Calculator - Do I qualify?

Your defaults should drop off after six years. Your IP company will inform Credit Agencies and the Insolvency Register once you have your completion letter. Doesn't matter about debts being sold on. That's a good point Dennis. Sorry if you have mentioned this elsewhere -- but when did your IVA actu...

If these 8 are not on any of the reports at all then none of them, unusually, seem to be reporting anything, so they should present no ongoing problems. But be aware that they could appear so keep checking Clearscore and Noddle online regularly.

It is not, technically, "earned income" and would, if of sufficient magnitude, probably be considered a windfall. If you have the usual clauses a windfall of under £500 ( five hundred) does not trigger the clause and can be ignored.

On Clearscore, for instance, log on ... go to "Report" then "Accounts" ... each account when you click on it will give you a history -- there should be a default date there. Noddle have "Accounts" and "Closed Accounts" ... defaults will be listed in both. The...

I am afraid that Payplan march to their own drum and consider themselves pretty much fireproof ! Most firms will take 2 - 3 months and their initial delays due to impending reviews are of their own making. Unfortunately creditors put much weight on the IPs recommendations and to ruffle feathers now ...

First be upfront with agents -- no point in paying for a check only to be refused ! Some landlords will accept higher deposits and / or advance rent. Many will accept a guarantor. Other than that try to rent from a private landlord who might not credit check at all. You may be able to agree a paymen...

If you hit 100% of the total original debt you, as you know, start paying into the fees. You also start paying statutory interest at 8% simple, calculated daily on the reducing balances, unless, as is sometimes the case, the proposal excludes statutory interest (worth looking through your proposal a...

On Clearscore, for instance, log on ... go to "Report" then "Accounts" ... each account when you click on it will give you a history -- there should be a default date there. Noddle have "Accounts" and "Closed Accounts" ... defaults will be listed in both. The ...

Without wishing to be pedantic ... "Debt free after 5 years" is true in many cases (unless you are a home owner) ... credit worthy in 5 years is what you are alluding to .. which is a different kettle of fish.

You could get a mortgage before your completion certificate, but lenders will be few and far between and rates will be eye watering. After the completion certificate has been issued, it will be easier, but still fraught with difficulties. Once you are off the Insolvency Register (three months after ...

It is not Payplan's place to say what the creditors would or would not accept ... but, the creditors would give weigth on the IP's recommendation, which would probably not been on your side. I have seen F&Fs accepted with more equity potential. After all ... if you didn't sell and let the IVA ru...

I upgraded with Vodafone pre IVA, but wihh a shocking bad credit score so as an existing customer I don't know if they checked my credit score. May be stuck with them for the foreseeable now too, lol. I am wary around companies like O2 who have a bill made up of 2 parts, 1 being the loan for the ph...

I was with Vodafone through my IVA and was allowed to upgrade when the time came. I also got a new contract with T-Mobile (now EE I think) during my IVA as I needed something Voda didn't supply at that time. I have, however, recently changed to Sky because of their data rollover policy and the fact ...

Your conveyancer will need to liase with your IP and your IP should agree to lift the restriction on an exhange of undertakings (professional and binding "promises" ). Your conveyancer will undertake to forward the sale proceeds to your IP in exchange for the IP's undertaking to lift the r...

Once your credit file clears (just after the 6th anniversary, assuming the arrangement is complete by then) you will be able to remortgage at reasonable rates. In your case, with NRAM in the mix, it might be 7 years with equity release extension if NRAM have done their usual trick and made it a 6 ye...