So am I correct in thinking its one positive outcome and one not so positive? Well its a start and if its a service many of us may like to use then more feedback,both positive and negative will ensure our users get a balanced view of the service offered!
Orange don't worry about going on!
Paul
Discharged today the 8th feb 2012. View is much brighter now.
Continuing to rebuild our credit worthiness.
For those of us with rubbish credit ratings it's not bad.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
I think you should look at it in a different light - if you need to replace your car whilst in an IVA or while you have a bad credit rating, and the repayments are manageable ....then you have little option available to you ! What I would say is when we used Duncton we made sure that there was no early repayment clause in case we had the opportunity of paying it back early, or paying extra each month to cut the length of loan down ...... but no 32.5% is comparable to the one we had !
Sharing from experiences of dealing with debt
There is a solution for everyone .... Just need to stay positive !
so if there are red boxes saying late payments after we started iva are these the ones that we should asked to be removed and who do we ask to remove them ? these are dated 2005 so will these drop off at some point?.also would several months of this be the reason for 32% interest on a recent car loan application?
No, the interest rate will be the same whether or not you have defaults as your IVA is still current on your CRA.
Any defaults registered after the date of IVA acceptance need to be removed. I presume the same is true of any late payments.
You need to contact the data controllers for those creditors enclosing a copy of your completion letter.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
no ive got a copy of it kallis and it isnt? would this be different with with the different agengies ive only checked one ? would it be off after the six years
You need to check all three. If nothing has been registered after 2005 then it will drop off after 6 years.
Sorry, meant to say that your IVA will still show on your CRA but should be noted as satisfied or completed.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
CRA are credit reference agencies and there are three, Equifax, Experian and Call Credit and you should check all three.
Usually your IVA will remain on there until six from the date of acceptance and then just drop off. It is usually on a seperate part of the report, not on the main bit for your creditors.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
I've not seen a report for a long time but I think there is a seperate part for court matters.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
