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Post-IVA Loan
I successfully completed my IVA at the end of last year (after 6 years of payments) and feel a great sense of relief and achievement that I've come out the other side reasonably unscathed!
The car I have had through the course of the IVA is on it's last legs,however, and a new car for work will be vital within the next few months (probably looking around July/August time to purchase) and a loan (around 5k) I am looking at so I can go ahead with the purchase.I would like to know how likely an application for a loan would be now that I am over 6 years since the start of my IVA and my credit file is looking reasonable again.
I have managed to keep a few accounts in shape and up to date for a while including a bank account (with a major high street bank) for 7 years,a mobile phone contract (10 years+),ISP contract (8 years),Capital One card and Vanquis Card (both 2-3 years).I also earn around 15k per year and wonder if all this combined is likely to be successful if I applied for a loan in a few months time?
The car I have had through the course of the IVA is on it's last legs,however, and a new car for work will be vital within the next few months (probably looking around July/August time to purchase) and a loan (around 5k) I am looking at so I can go ahead with the purchase.I would like to know how likely an application for a loan would be now that I am over 6 years since the start of my IVA and my credit file is looking reasonable again.
I have managed to keep a few accounts in shape and up to date for a while including a bank account (with a major high street bank) for 7 years,a mobile phone contract (10 years+),ISP contract (8 years),Capital One card and Vanquis Card (both 2-3 years).I also earn around 15k per year and wonder if all this combined is likely to be successful if I applied for a loan in a few months time?
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Comments
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You should be OK.
Just double check with all 3 credit reference agencies that there are no sneaky defaults or notices of correction left on there.
Good luck.0
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