During the period in which your IVA is ongoing, you will not be allowed to take out a loan larger than £500. This includes all kinds of  loans. Have a read of these articles for more information.

When your IVA is rejected, the most important thing you can do is assess the situation with a calm and collected mind. It will help you determine why exactly your IVA was rejected and in light of that, you can take steps to amend whatever you did wrong.

Chances of you being able to secure a mortgage during your IVA are fairly slim and can also be impacted after your IVA has been settled. There are definitely some things to consider if you already have an IVA.

Reaching the end of your IVA is no easy feat and if you’re at this point, you should definitely give yourself a congratulatory pat on the back.  However, there are some things you should be aware of that can ensure you don’t run into any problems at the end of your IVA.

Can I apply for credit after having an IVA? Yes! What Kind of Credit Can You Avail after an IVA? Have a look at our articles for more information.

More Information on IVAs

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