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iva and partners credit

abertawe1
abertawe1 Posts: 216 Forumite
My sons girlfriend is thinking of entering into an iva how woul this affect my sons ability to obtain credit,they have no joint debt and would she have to inform anyone.:)

Comments

  • abertawe1
    abertawe1 Posts: 216 Forumite
    Anyone ?......
  • Technically, your Son's credit should remain fine as long as he is financially separate from his girlfriend. Problems may arise if/when they move in together though.

    In my case, I am in the IVA, but by virtue of the fact that the mortgage is in joint names, my Wife's ability to obtain credit has been affected by 'association' with me.

    Best your Son gets some independant financial advice (not from the girlfriend's IP, who will no doubt assure you it will all be fine) for a professional opinion.
  • molerat
    molerat Posts: 36,675
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Forumite
    As long as they have no financial links, possibly including a joint tenancy as some are being reported to the CRAs, there should be no problems.

    Never associate with idiots on their own level, because, being an intelligent man, you'll try to deal with them on their level - and on their level they'll beat you every time.

    Being hated by idiots is the price you pay for not being one of them.

    Jean Cocteau 1889-1963

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