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After an IVA

spilledink Forumite Posts: 31
Ninth Anniversary 10 Posts Combo Breaker
Just wondering if anyone has any information/advice as to what happens after an IVA? What will my credit score look like, how can I get it back up, etc?


  • Oliver2809006
    Oliver2809006 Forumite Posts: 40 Forumite
    It will drop off your file after 6 years from the date it started.

    If you've just finished the IVA you've already done 5 years so next year it'll disappear.
  • sourcrates
    sourcrates Forumite, Ambassador Posts: 27,664
    Part of the Furniture 10,000 Posts Name Dropper Photogenic

    Was it a 5 year, or 6 year IVA ?

    The score is irelivant, its used as a marketing tool, thats all, its your credit history that is important, i would assume all the defaults from your debts will have, or soon will have, dropped off your file, then its a case of not getting into debt again.

    After a while, maybe apply for a credit building credit card, and just use it for normal expenditure, make sure you repay the balance in full each month, that will help build your credit history.
    I’m a Forum Ambassador and I support the Forum Team on the Debt free wannabe, Credit file and ratings, and Bankruptcy and living with it boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing [email protected]. All views are my own and not the official line of MoneySavingExpert.For free non-judgemental debt advice, contact either Stepchange, National Debtline, or CitizensAdviceBureaux.Link to SOA Calculator- The "provit letter" is here-
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