Creditor Removed from Report

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Post by LutonStudent » Mon Nov 29, 2021 11:30 am
Hi All,

I have noticed that my Barclaycard with £1500 on (which went into my IVA last year) has now come off my credit report(s) and has been marked as closed.

Does this mean that BC simply wrote off the debt and closed the account?

Does this happen often?

Many thanks,

Luton Student


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Post by Foggy » Mon Nov 29, 2021 12:00 pm
Maybe ... maybe not. It simply indicates that BC have amended the report to the particular CRA you are looking at. Creditors have many and varied ways of internally 'playing' with defaulted accounts, but these do not mean that the debt has 'disappeared', but is merely 'dormant' for the duration. The debt will not be officially written off until the IVA has successfully completed.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014


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Post by luluj » Fri Dec 03, 2021 4:32 am
As foggy says, it is likely to still be seen somewhere on your credit file - you remain liable for it until the iva is completed and certificate issued
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