F&F Settlement: creditors have accepted.

[Skippy]

The IVA will remain on your credit file for 6 years from the start of the IVA whether it is completed early or not.

Yesterday is history, tomorrow is a mystery, today is the present - a gift to make the most of.

View my blog at http://skippy13.blogs.iva.co.uk/

[MelanieGiles]

Pay them tomorrow and ask them to do a combined Chairman's and Final Report which means you are days aware from closure. This will enable your credit file to be updated, but the IVA will show on there for six yearsfrom the date of the original creditors meeting.

It may be several months before you are accepted back for normal bankr accounts and credit cards, although one of my former clients got a credit card with Nat West 3 months after we closed his case.

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

[Adam Davies]

Hi
Well done Andy.
When you get your completion certificate you will need to send a copy to the credit ref agencies so that they can update your file.
You can always use a pre-paid credit card for business[try www.mycashplus.co.uk],it looks and works the same as a normal card.
Regards

Andy Davie
IVA.co.uk Spokesperson

About me:
http://www.iva.co.uk/andy_davie_profile.asp

IVA Helpline: 0800 197 4838
http://www.iva.co.uk/iva_helpline.asp

[iva experts]

As others have mentioned although your IVA has been accepted as a Full and Final settlement it will remain on your credit file for a period of 6 years from its acceptance.



Best Regards. IVA Experts

[andym]

I am aware that it would stay on my credit file. That's cool, a good reminder to not get in that situation again. It feels great to have it finished. Having it gone means even though i will still be paying off my friend I can now afford to take up my new job in Manchester. A whole new start [:D]

I got the creditor's report today. Only two comapnies voted. Eversheds who said yes, Natwest who said no. i think Eversheds must be a company who buys the debts? But as Eversheds represented 87% of the debts it all went through

So thank you for all your advice and kindness.

Oh.. it turns out it is just the £5500 I pay

[MelanieGiles]

Eversheds are a large firm of solicitors - they would have been representing Max Recovery who are a purchaser of bad debt.

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

[aguise]

Great news Andy. All the very best in being debt free and in your new job.

Ang

Please visit my blog at http://aguise.blogs.iva.co.uk/