If you want to borrow money, you will need to understand about your credit score. That said, Credit Scores are still an important issue and there is NO reason why Credit shouldn’t feature in someone who has completed an IVAs life.

Here are some helpful hints on how to get a better Credit Score.

You can improve your credit history by increasing the number of positive credit activities you carry out. Try the following to achieve positive entries

1. Instead of just one credit card with a large limit, use multiple cards with smaller limits. Use them all frequently and REPAY THE BALANCES IN FULL EACH MONTH.
2. Shuffle funds around amongst your different credit and deposit accounts to show regular account activity.
3. Amend mistakes and errors on your Credit File. Many people are refused credit because of simple mistakes. Check your file and have any incorrect information amended.
4. As soon as you repay or satisfy a CCJ, IVA or Bankruptcy ensure that you forward a copy of the certificate of satisfaction to Equifax and Experian yourself.
5. Get a mortgage people post IVA’s will almost certainly be able to get a mortgage from a Specialist Broker and this itself will improve their credit score.