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what if I do this?
What would happen if I moved into rented accommodation prior to entering an IVA so that my credit score isn't damaged? Would that be illegal> I'm considering possibly handing over the keys to my home which is mortgaged (but not in arrears) . The mortgage is currently on a standard VR mortgage, but I have no chance of obtaining a fixed rate due to lack of equity. Once the IVA is agreed, the mortgage will in all likelyhood increase during the next five years forcing the IVA to fail, hence my initial question re renting?
I'm a public sector worker. Unable to go BR due to job type hence only option IVA.
Any advice most welcome
thanks
Foxy
0
Comments
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I moved into rented accommodation prior to entering an IVA so that my credit score isn't damaged?
My understanding is that an IVA will appear on your credit records for six years.0
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