Rebuilding after an F&F IVA

Spurstrings

Hi all,

I managed to arrange a full and final IVA in 2008 through MacCambridge Duffy (Highly recommended for their customer skills btw)

We raised the funds for this through a private loan with my in-laws which we are paying the repayments to them over 5 years. (4 to go)

Basically my wife and I have a 5 year plan now, that we will have finished paying back the inlaws and most of her comitments we should be totally clear of debts (mortgage aside) in 4 years and use the saved money to build up some savings for a year. Once that happens we want to try and move house form our housing associationshared ownership property to a fully owned house of our own.

I fully appreciate my Credit rating is swiss cheese at present and want to know if there is anyhting I can do in these four years to make it look a bit healthier when it comes to reapplying for a mortgage in 4 - 5 years time.

I have researched that an IVA stays on your record for 6 years, but am unclear if this applies to a 60 month repayment IVA only?

My IVA was settled in 2008 as a full and final and didnt know if this made any difference.

Any advice would be great.

Thanks in advance:footie:

Tixy

Hi

Not sure of an answer but might be worth looking here
http://forums.moneysavingexpert.com/showthread.html?t=1286063

and here http://www.moneysavingexpert.com/loans/credit-rating-credit-score#improve