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!
After Completing an IVA
Hello
I completed my IVA in Feb 2020 and now wish to improve my credit score. How can I go about this ? I have heard that the IVA still appears on credit reference agencies records for another year after completion ? if correct does this then automatically dispear after the 6th year? Lastly would it help to send a copy of my completion certificate to the three main reference agencies ?
KInd rgds
IG
0
Comments
-
It disappears from your file six years after the start date. No need to send anyone anything.1
-
I took out a Vanquis credit card to start to build a score from that. It’s high rate but I use it say for petrol or shopping then make sure I pay at the end of the month. I try and keep the amount I’ve spent under 20% of the credit limit. This has helped on my credit report. Hope that helps.1
-
Thanks Carol. I have just applied for one and what you have said were my thoughts. Just to use for petrol and clear off each month. Thankyou for your reply.
1
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.7K Banking & Borrowing
- 253.4K Reduce Debt & Boost Income
- 454K Spending & Discounts
- 244.7K Work, Benefits & Business
- 600.2K Mortgages, Homes & Bills
- 177.3K Life & Family
- 258.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards