garrywall wrote:I've recently entered inti an IVA. My 19 yr old son wishes to apply for a loan soon to purchase his first car upon passing his test. Will his credit rating be affected by the IVA given that he resides at my address? Basically, will the iva prevent him getting a loan?
The only circumstances where you would be financially linked with anyone would be if you had a joint bank account/joint loan agreement.
So the decision will be based solely on his credit score, and only on his credit score.