does the iva stay with me for the rest of my life

[Keepingmyheadabovewater]

hi there i started a iva 12 months ago and i am finding it very good i was on the dmp before the iva for 8 months when they asked me about a iva i looked on the internet all looked good i had 3 creditors i had a meeting with a ip advisor i had to give him paper work forms etc etc wage slips bank statments etc etc he told me all about ivas that they last for 5 years or less if you have a lump sum of money given to you and the other pros and cons are any overtime 50% of that at net you must give your crediors i waited for the phone call and they agreed to it the one thing that brothers me is does the iva stay on the iva register for the rest of my life and does it get taken of my credit report after the iva as ended can the iva be traced if you need to get a mobile phone out on contact after the iva as ended and wait say 3 years after the iva to apley for a contact phone and does the iva stay with me for the rest of my life

[MelanieGiles]

Hi john and welcome to the forum

No - the IVA does not stay with you for the rest of your life. It will be removed from the IVA register after the five year period, and from the credit scoring agency records after six yeare. I know it sounds a long time, but it will soon pass and you will be able to start again with a clear credit record.

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

For further details contact me at http://www.melaniegiles.com and view my IVA blog at: http://melaniegiles.blogs.iva.co.uk

[BrassicLintus]

Hi, does BR stay on your file forever? Or is it the same as an IVA - 6 years?

[MelanieGiles]

It the same - 6 years from the date of the bankruptcy order.

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

For further details contact me at http://www.melaniegiles.com and view my IVA blog at: http://melaniegiles.blogs.iva.co.uk

[iva experts]

Both and IVA and Bankruptcy will stay on your credit file for a period of 6 years from its commencement. Once a certificate of completion has been issued then your details will come off the insolvency register.

Best Regards. IVA Experts

[Oliver]

An IVA will stay on your credit file for 6 years from the start of the IVA regardless of when you complete it.

Your details will remain on the Insolvency Register from the start of your IVA to the point where it is completed / satisfied.

Best Regards
Oliver

Thomas Charles and Co Ltd.
Experts in personal debt solutions.
Read customer feedback at: www.thomascharles.com/about_us.asp