We are in the final few weeks of our Iva last payment will be end of August it's been 6 long years! My question is if anyone can help is can I apply for a credit building credit card now before I receive my completion certificate? I want to start repairing my credit file asap as we desperately need to change our mortgage which is currently a standard rate 5% interest only! Am I allowed to do this or do I need to wait for my completion certificate? Thanks in advance!
Have a read here:
https://www.iva.co.uk/what-does-an-iva- ... dit-record
Also have a look at the last entries on my blog -- link in signature block below --- about my rebuilding efforts.
And .... Well Done on getting this far !!!
If you are trying to do the Mortgage asap it's probably worth hanging fire re the credit card as applying for it may actually lower your score in the short term. The most important thing for the Mortgage would be that you have checked all 3 of your credit reports (Experian, Equifax and Callcredit/Noddle) to make sure they are all clear and up to date.
We are hoping to sort out the mortgage by the spring next year. I just hope our ip doesn't drag their heels with our Completion certificate. Last payment end of August. So worse case scenario would be 6 months so end of feb for Certificate.. but hopefully it will be sooner than that !!
You might find this quick video I made about cleaning up your credit record useful:
Noddle and Clearscore are also free credit agencies to consider using:
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