IVA FAQ's

Does an IVA affect my credit rating?

Whilst the IVA is in place you are not allowed under the terms of the arrangement to take out any further unsecured credit such as credit cards, store cards, personal loans, etc. A note will be put on your credit file alerting potential lenders to the fact that you have entered the agreement. This note will remain on your credit file for a total period of six years (i.e. normally one year longer than the duration of the IVA).


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