Defaults / credit file query

[Lord Carson]

IVA start date was Jan 2010 and the majority of creditors have default showing from Jan 2010.

A couple of creditors have defaults past the start of the IVA date - For example Nationwide showing June 2010.
I appreciate I should write to them and get them to change the default date to be in line with the IVA start date.

I should mention that we recently received our IVA completion certificate (May 2014).

What I am struggling to understand is that some of the creditors are showing as "settled" shortly after the start date of the IVA.

Anyone got any idea why that would be?
Will the others with defaults show as "settled" at some point soon?

[Michael Peoples]

Some creditors mark defaults as settled once the IVA has been approved. Many debts are subsequently sold on by the creditors and by marking the defaults as settled at the beginning they do not have to worry about doing it after the IVA has concluded when they no longer even own the debt.

This was explained to me by a major bank a few years ago and I think it makes sense.

[Lord Carson]

So when will the others that are currently showing as defaults be shown as "settled"?
Or wont they?

[Foggy]

Different creditors mark them up differently, some settles, some partially settled ( some not at all) -- it matters not after it has dropped off anyway

[Lord Carson]

This drop off you speak of? Is that 6 years from the IVA start date?

[Michael Peoples]

The defaults should fall off six years after being registered regardless of whether they are marked satisfied or not.