What happens to my credit rating in an IVA?

Whilst waiting for your IVA proposal to be accepted by your creditors, we do advise you continue to make contributions. Even if you cannot afford the minimum monthly payment. Failure to do this can seriously affect your credit rating.

The IVA will show on your credit file for 6 years after the approval of your proposal. When you successfully complete your IVA, we will provide you with a Certificate of Completion which you are able to show anyone you wish to confirm that you have successfully completed your arrangement.

We will also send a copy of your Certificate of Completion to your creditors so they can update their systems.


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