The IVA remains on the credit report for 6 years in total so it is then generally a case of building your credit up again. If you try and apply for a large amount of credit, that would be more difficult to get as it needs to be rebuilt slowly. As you can imagine, things like mortgages or large loans will be more difficult to get immediately after you have finished.
When all the records drop off you will have a clean sheet -- which is a problem in itself. Lenders like to see a history ... demonstrations that you can handle credit and will pay it back. So, start small and get a good, stable, history. Avoid large loans to start with as well as too many applications. And ... avoid payday lenders like the plague !
Have a read here:
https://www.iva.co.uk/what-does-an-iva- ... dit-record
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