Nationality application and credit check

[Solomon79]

Hi
I was in IVA agreement in 2011 and as per agreement I paid in first 12 months approx. £7000 but later found out that my IVA company staff (IP) have paid them selves out of my 12 month annuity and my creditors didn't get any thing.
Moreover, I got married and then was not able to make payments as per agreement.
Therefore, I disagree to pay any further and then cancel the agreement.
Its been 4 years & 4 months since my IVA was signed up.
and I want to apply for naturalisation/citizenship in Feb 2016!
My question to you is would it affect my citizenship application???
Many thanks
Solomon

[CR001]

It is unclear whether this will affect your application. Part of the good character checks is that HO checks the Insolvency Register and IVAs are listed on this register.

Do you have proof of formally withdrawing from the IVA?

[Solomon79]

Do you think I should wait another 2 years before my credit history gets reset (after 6 yrs since I signed up for IVA)

I read somewhere that after 6 years credit history wipes out all previous bad history and if any organisation searches they wont find anything!

[CR001]

It doesn't completed wipe and some of the details will always be there. Suggest wait for one of the other moderators to reply.

[fwd079]

Do you think I should wait another 2 years before my credit history gets reset (after 6 yrs since I signed up for IVA)

I read somewhere that after 6 years credit history wipes out all previous bad history and if any organisation searches they wont find anything!

From this reference (quoted below) and personally I think ten years wait is most logical.

Luckily, there are set time frames for how long negative information remains on a credit report. In general, negative information more than seven years old from the date of last activity (ten years for bankruptcies) must be removed from your file.

Good luck.

[12years]

Do you think I should wait another 2 years before my credit history gets reset (after 6 yrs since I signed up for IVA)

I read somewhere that after 6 years credit history wipes out all previous bad history and if any organisation searches they wont find anything!

From this reference (quoted below) and personally I think ten years wait is most logical.

Luckily, there are set time frames for how long negative information remains on a credit report. In general, negative information more than seven years old from the date of last activity (ten years for bankruptcies) must be removed from your file.

Good luck.

That information is for the states not the uk

[fwd079]

That information is for the states not the uk

I do apologise. It is six year in UK according to this link. However I'd add a year for added security.