Will my IVA be made public? What about my credit rating?

Your details will be added the Individual Insolvency Register, but unlike Bankruptcy aren’t published in the press. Whilst the register can be searched by the general public, it is primarily used by your creditors and credit reference agencies.

In terms of your credit rating, an IVA will be recorded on your credit report for a period of 6 years from the date your IVA is approved. This basically means that for the entire term of your IVA and one year afterwards your credit rating will be affected.

After the 6 year period, details of your IVA should be wiped completely from your file and you should be able to get credit again, should you wish.