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TheMatrix
- Posts: 2171
- Joined: Sat Mar 17, 2007 8:32 pm
- Location: United Kingdom
Defaults drop off 6 years from when they are registered automatically whether they are marked as satisified or not. If they are registered after the date the iva was agreed you can either get the creditor to back date them to this date or ask them to remove the default. Note it is always best to have defaults marked as satisified / partial or full settlement with satisified dates, this stops the debts from being sold on.
The IVA needs to be marked as completed with a completion date. The IVA will drop off 6 years from when it was registered. If the completion details are not put on the CRA, it is likely that the IVA will remain until such time the CRA is informed that the IVA has been completed (which can be longer than 6 years), usually this is done by the Insolvency Service, but you can query the data by sending in your Certificate of Completion.
We're willing to wipe the slate clean, give you a fresh start. All that we're asking in return is your cooperation.
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mattyboy
- Posts: 390
- Joined: Thu Jul 21, 2011 10:57 am
- Location: United Kingdom
Thanks matrix that information is very useful
"Just when you think that you can make ends meet, somebody moves the ends."
