font size="1" face="Verdana, Arial, Helvetica">quote:<hr height="1" noshade>Originally posted by Nearly Happy
Hi,
I made my last payment last June and am still waiting for my certificate..... I'm with GT.
Interstingly, worryingly, I was also under the impression that after six years the IVA dropped off your credit file but I was just advised that it would stay on but state that it was 'complete'. I really hope this isn't right, I want it gone!!
The default accounts should be removed from your credit file 6 years after the date that they are marked as in default (which should be the date that your IVA commenced but often isn't).
Experian are very good at removing them but Equifax are slow - I have had to file an online dispute with them to get default account records removed.
The issue you may have (which I do) is that the public record of the IVA can only be removed from your credit file by the Insolvency Service and they will only do this 3 months after your supervisor has notified them it is complete. So if you have extended your IVA to run for 6 years, this can stay on you file for longer than 6 years.
I was removed from the public register within 4 weeks of final payment. Yes it states that you will remain on the register for 3 months after your IVA closes but this is total rubbish from my personal experience.
Any idiot in charge of a website page can add some text in that page that in reality is wrong!
Last Payment - November 2011 - Completion Certificate received 2 weeks after last payment, Removed from Insolvency Register within 4 weeks after last payment.
I know that I remained on the register for three months once they had received completion certificate but that was because it was an F&F, otherwise I would have gone on one day and off a few weeks later
The footnote at the bottom of the Insolvency Register entry states:
"Individual Voluntary Arrangements will remain visible while they are Current, and for a period of 3 months after the receipt of notice of the revocation order, full implementation or termination of the agreement "
Is this not actually the case? I'd be grateful if anyone can clarify.
I don't think there is any consistency. Some people come off quicker than others.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
I agree that the the Insolvency Register is the bigger issue. If it takes another 4 months to receive my completion certificate, and I can get some of the default dates corrected on my credit report, all defaults will have dropped off, as six years will have passed. However, until I receive the completion certificate, the IVA will presumably stay on the Insolvency Register (plus three months) past the six years.
Not necessarily three months - some people come off quite quickly. The IP lets the IS know.
That's nothing to do with the six years though. The register will remain active for as long as your IVA does.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
