We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide

IVA question

Default IVA question
I am looking for some advice please.
My partner has an IVA which started 2 years before we met and has about 2 years left. He is managing ok although he would obviously like to be cleared of it.
He is about to move in with me and so, while he doesn't want me to have to get involved with his IVA, I want to know if I automatically become involved once we share a home. I have a good credit rating, no debt issues and a mortgage.
Is there anything I should consider regarding how I protect my credit rating and how we should organise our financial contributions to the household? Whilst I'm not in a position to clear his IVA it would be good to know if I can in anyway benefit his situation.

Thanks in advance.....

Comments

  • alastairq
    alastairq Posts: 5,030 Forumite
    Hello...No, there are no financial links via address.

    Do not enter into any joint accounts, joint finances, etc [it isn't necessary anyway.....the banks love them though...means there's two people they can pursue for defaults!!]
    No, I don't think all other drivers are idiots......but some are determined to change my mind.......
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 354.4K Banking & Borrowing
  • 254.4K Reduce Debt & Boost Income
  • 455.4K Spending & Discounts
  • 247.3K Work, Benefits & Business
  • 604K Mortgages, Homes & Bills
  • 178.4K Life & Family
  • 261.5K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.