Can anyone clarify what happens after a F&F is accepted in regards to my credit file.
I know the IVA will stay on my file for 6 years from the start (2007) but we had a F&F offer accepted last year and I want to clarify what should be on my credit file now. I also know that the original default will stay on there until the 6 years have lapsed etc.
Some creditors have updated to fully satisfied and some part satisfied.
One however is a complete pain in the ass (Santander) and have not updated anything and are showing a default every month.
Some creditors are better at updating credit files than others unfortunatley.
A default notice and the IVA will remain on your credit file for six years from the date of issue.
If a default notice is issued after your IVA is approved, it will be on the credit file for longer than your IVA.
If santander is still showing as a default this is an incorrect entry you can write to the creditor (enclosing a copy of your IVA statement of affairs which shows their debt as included) and ask them to ammend the default.
If they do not ammend the entry you can write to the Information Commissioner enclosing your certificate of completion and a copy of letter sent to creditors who will address it for you on your behalf.
PJG Recovery have a free online advice channel at www.debtadvicetv.com. If you are ready to ask us for specific advice or help, then get in touch at www.pjgrecovery.com/contact-us.asp . I look forward to speaking to you.
