Getting a mortgage after completing an IVA?!?

cardiffian83

Foxy-Stoat wrote: »

The best feeling for me was went my last payment was made.....your best bet is to get a credit card and use it for food and fuel and pay it off every month, try that for 6 months while you save for a deposit, legal fees, surveys, mortage fees, stamp duty if applicable and build up some credit history......no credit history is also bad!!

My only concern is that after spending most of my adult life in debt I'm scared to have ANY credit facility so I'm not keen on a credit card!

Foxy-Stoat_3

If you take one out for £500 and only use it for food and fuel instead of your debit card and pay the card off you will be ok, when they up your limit ask them to reduce to down.

After 6 months you will have some green boxes on your history which will help.

After 5 years in an iva you will of learned to manage budgets a bit better, I used and still use an execl spreadsheet for my budgets.