How long until IVA is off our credit history?

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dominic447
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by dominic447 » Wed Sep 13, 2017 10:22 am
Hi, my wife and I finished an IVA in December 2012, (It started in December 2007) it lasted 5 years and we didn't miss a payment.
How long until it is off our credit history as we're hoping to buy a house next year or do we have to wait longer?

Many Thanks
Dominic
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Michael Peoples
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by Michael Peoples » Wed Sep 13, 2017 10:34 am
Your credit file should be totally cleared by now so get a copy from a credit reference agency. It may still be worth using a specialist broker such as Shaun Vickery from Select who posts here or Ryan as this could avoid any potential pitfalls.
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Foggy
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by Foggy » Wed Sep 13, 2017 11:21 am
It should all be done and dusted by now, barring errors. Have a look here for what should have happened:

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

Then check credit files from all three agencies (get the statutory reports at a couple of quid a pop), as well as the Insolvency Register.
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Lisa Thomas
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by Lisa Thomas » Wed Sep 13, 2017 3:04 pm
You might find this quick video I made about cleaning up your credit record useful:

https://youtu.be/PV4RzUY4BRM
Noddle and Clearscore are also free credit agencies to consider using:

https://www.noddle.co.uk/
https://www.clearscore.com/
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Ryan
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by Ryan » Wed Sep 13, 2017 3:40 pm
Hi Dominic,

6 years after the IVA began is when your credit reports should be clear. From that point we would be looking at using some High Street Lenders.

Regards
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Shaun Vickery
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by Shaun Vickery » Thu Sep 14, 2017 10:56 am
Hi Dominic

Assuming everything else is in order there should be every chance of being able to secure a competitive mortgage for you, as long as the correct lender is approached.
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