how can I find out?

[s.r]

In 2003 I applied to my creditors for an IVA, in Jan 2004 the board met, and a majority of creditors accepted my offer. The IVA was then settled in full from the proceeds of a re mortgage.
a) some creditors have left an outstanding balance on my credit report, my understanding on a IVA is that the debt is settled, gone?
b) I have been told that an IVA remains on the credit report for 6 years, is this from the date of the Completion Certificate?. and can I get the IVA marked as "satisfied"?
c) I have seen that if a CCJ is paid within a month of the court judgement then the CCJ is removed from the credit records, as the court had to approve the IVA, doe the same apply, and how can I find out?

many thanks

[MelanieGiles]

Hi s r

I am not an expert on credit repair, but this what I think you should do:-

a) You are correct. When your creditors accepted your IVA, they agreed to write off the balance of the debts you could not repay. Send a copy of your Certificate of Due Completion to the credit agencies and insist that your record be amended to remove these "balances".
b) The IVA should remain on your credit file from the date it was accepted, not finalised.
c) No - the same rules do not apply with an IVA.

Hope this helps!

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.
View my IVA blog at: http://melaniegiles.blogs.iva.co.uk

[s.r]

Thx Melanie, I have sent off letters to Experian (for a start) with copies of the Certificate of Completion, I have also re sent letters to the two copanies which insist on keeping an outstanding balance on the creidt rating. This could be interesting, because when I did this last year my one remaining credit card company slashed my credit limit drastically, turns out they had taken over one of my original creditors!

Simon