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Chris0911

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Joined: Fri Jul 31, 2020 11:51 pm

Post by Chris0911 » Sun Sep 12, 2021 1:31 pm
Hi all I submitted my full and final offer and was accepted on the 2nd of aug and my completion certificate turned up yesterday.

So I want to try and rebuild my credit history is it worth getting a credit card like capital one? To do a food shop on and pay off straight away? Is there any better options?

Also what are the possibilities of remortgaging to release some equity for an extension around 60k have 140k left on mortgage house value 240k

Foggy

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Posts: 33098
Joined: Fri Dec 17, 2010 11:14 am
Location: United Kingdom

Post by Foggy » Sun Sep 12, 2021 1:46 pm
Well done on getting things sown up so quickly ! You will be on the Insolvency Register for up to three months and then your credit files will be amended to show the IVA as completed, until 6 years from the start of the IVA when it will disappear entirely. Have a read here: https://www.iva.co.uk/what-does-an-iva- ... dit-record as well as a peek at the last few entries on my blog ( link below ).

Remortgaging -- I would suggest a word with a broker with experience of dealing with those with an IVA in their past. It can be a minefield for many brokers. We have two on the forum who have assisted many of us with mortgages: Ryan and Shaun. Their contact details can be found in their profile ages here:

Ryan: memberlist.php?mode=viewprofile&u=18488
Shaun: memberlist.php?mode=viewprofile&u=22837
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
http://foggy.blogs.iva.co.uk
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