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Getting credit again after finishing IVA

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mightyjack
mightyjack Posts: 39 Forumite
Fourth Anniversary 10 Posts Name Dropper
Afternoon all, I'm in discussions with my I.P regarding a full and final settlement. Has anyone got any experience with how soon you were able to get credit for a vehicle after ending your IVA either early or on time as planned?

Comments

  • ManyWays
    ManyWays Posts: 1,295 Forumite
    1,000 Posts Fifth Anniversary Name Dropper
    The IVA normally clears from your credit record after 6 years, settled early or not. Before that date you are unlikely to get a good finance rate. 
  • mightyjack
    mightyjack Posts: 39 Forumite
    Fourth Anniversary 10 Posts Name Dropper
    ManyWays said:
    The IVA normally clears from your credit record after 6 years, settled early or not. Before that date you are unlikely to get a good finance rate. 
    but is it possible that's what I need to know
  • ManyWays
    ManyWays Posts: 1,295 Forumite
    1,000 Posts Fifth Anniversary Name Dropper
    You can get finance before your IVA ends, it just costs a lot!

  • mightyjack
    mightyjack Posts: 39 Forumite
    Fourth Anniversary 10 Posts Name Dropper
    ManyWays said:
    You can get finance before your IVA ends, it just costs a lot!

    I thought that's wasn't allowed!
  • ManyWays
    ManyWays Posts: 1,295 Forumite
    1,000 Posts Fifth Anniversary Name Dropper
    Your IVA firm may agree if it is necessary for your work
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