Credit Score

There are 3 main credit reference agencies in the UK. Each collects information about you from public records, lenders and other service providers, which helps them to create a ‘credit score’. Bennett Jones Specialises in IVAs.

✓   Write off unaffordable debt*
✓   One monthly repayment
✓   Only pay what you can afford

An IVA may not be suitable in all circumstances. Fees apply. Entering into an IVA will affect your credit rating. You could write off up to 80% of your debts upon successful completion of an IVA.(10% of our customers wrote off 80% in the last 12 months, with a typical figure of 25%-75%).

Check if you are eligible for an IVA

Bennett Jones is here to help you regain control of your finances. We’ve helped thousands of customers become debt-free by using an IVA. Complete the form above to get no-obligation debt help from our trusted partner, The Debt Advisor Ltd. 

Our relationship with The Debt Advisor

The Debt Advisor and Bennett Jones have common Shareholders. The Debt Advisor Ltd is authorised and regulated by the Financial Conduct Authority to provide debt counselling and debt adjusting services to people who are experiencing financial difficulties. The Debt Advisor Ltd will advise you regarding all of the solutions which are available to help you. There is no charge for initial advice relating to the debt solutions available to you and is without obligation. Depending upon the solution that you choose, fees may apply.

provided

There are many factors at play in your credit rating. Lenders want to see that you have repaid any previous debts, you’re able to pay new ones, and the various credit accounts that have been consolidated.

What is a credit score used for? 

When you apply for credit, lenders and service providers contact their preferred credit reference agencies to check your credit record. This will highlight any potential risks associated with offering you credit. Your credit score can also influence the interest rates and credit limit you’re offered. 

Does a credit check impact your credit score?

Repeated applications for unapproved loans are a sign that your finances aren’t as healthy as they could be. Whenever a lender performs a credit check and turns you down, the score is lowered. That’s why it’s vital to know what your status is before making the application in the first place.

How will an IVA impact your credit score?

 An IVA will impact your credit score and will stay on your credit record for six years regardless of whether the debt is repaid. 

We are proud of our 5* Trustpilot reviews

October 2024, Tony

5stars

Truly a breakthrough a company of people that actually care and understand your concerns of being in financial difficulties very understanding caring and acknowledging your feelings Craig who called me was very helpful and clear in all aspects of the situation and completely put me at ease from the start to finish highly recommend to any one who’s in financial difficulties

September 2024, Glen

5stars

I found Bennet Jones 5 years ago was really struggling financially. They helped me set up my IVA and the process from start to finish has been amazing. The support I have been given over the last 5 years goes above and beyond what I expected. Would highly recommended If your struggling with debt please don't bury your head in the sand it's an easy process for manageable payments every month and know more hiding behind the sofa. Thanks to everyone at Bennett Jones.

September 2024, Michelle

5stars

I was in a really dark place and didn’t think that I could go on- I saw Bennett Jones advertisement and decided to give them a call. From that moment on. I was not alone, they supported me from the first day and that dark place gradually became a little brighter. They are always there through out- they don’t abandon you at all. Now I have paid my final instalment and I feel amazing- the clouds are gone and I feel like a different person- the Bennett Jones team are absolutely incredible- a safety blanket that helps. Please never feel that no one can help- call Bennett Jones and your life will change for the better.

August 2024, Michael

5stars

Bennett Jones were such a good company they helped me with my IVA to get on top of my situation. Bennett Jones listened to what problems I was having especially when it was to do with work and contract and changing hours they gave me holiday periods and now my IVA has now finished. So, Bennett Jones thank you very much for your kindness and help while I was paying of my debts to creditors.