Will an IVA affect living in rented accommodation?

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david127

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Post by david127 » Fri Mar 13, 2020 2:07 pm
Will an IVA affect living in rented accommodation? I’m not in debt for my rent payments but my money owed to others may affect it in future

magicsam

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Post by magicsam » Fri Mar 13, 2020 3:26 pm
I was in rented accommodation throughout my IVA without any issues, it would be difficult to rent somewhere new during it though as you would fail any credit checks.

Foggy

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Post by Foggy » Fri Mar 13, 2020 3:53 pm
Your rent, as agreed with your IP and creditors will be part of your allowed living expenses and, so, you will be able to continue paying rent as normal. As magicsam says, tough, getting a new rented property would be difficult, but not impossible, during the IVA as your credit files will be wrecked for 6 years from the start of the IVA.
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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