Hi we started an IVA in july 2009 and ended up finishing early in march 2013 due to health reasons a settlement figure was reached at and received our completion certificate march 2014. I have checked on the IVA register and our names are not on but our credit files have not been updated. I know it's 6 years from start of IVA that they are updated so will be july this year. Can it be done b4 by creditors? I was thinking of checking early in case some have taken us off already. Will they automatically be taken off in july or do you have to write to each individual creditor asking for it to be done and sending a copy of completion certificate? Which are the credit reference agencies we need to ask to check as well, thanks
The defaults, if dated correctly, will start dropping off this summer ( or 6 years after the default date ). The IVA itself will also drop off this summer. It will not happen any sooner.
many thanks, ive looked at one report and the default dates are different on some of the credit agencies, the date should be around the time we started the IVA shouldn't it not 6 months or some are over 2 yrs after and all were in the IVA? What do I do with these? Also some have been bought by another company 3 yrs after IVA was taken out, its the default date that is the most impotant isn't it and after 6 years of that date debt should fall off credit file?
The answers are all in the link I gave you, as well as a template letter to use. Yes the default date is the important one and should be on or around the start date of the IVA.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
