Should all statuses change to settled after a F&F

[jen_s]

I settled my IVA in June 2010 and have noticed that the Egg loan, sold to Britania SARL, still says default where as all others say settled. Now the 6 year anniversary is up in May 2012 so should I just leave it? what will happen after the 6 year anniversary, does everything magically disappear (I know, naive)???

[lem]

It depends when the default was added, have they been continuing to add a default each month? when was the last default applied?

[jen_s]

Date of default is 19/05/2006, they have added a deafult monthly since August 2011 which is when I assume they purchased the debt from Egg??

[lem]

Ok, in that case they won't just drop off in May (they drop of six years after they were applied), you need to write to the creditor enclosing a copy of your completion certificate asking them to remove all the defaults from your credit file that they have applied since your IVA was settled in 2010. They can't legally apply default notices following settlement of the debt.

The IVA itself will drop off naturally in May

[jen_s]

I find this all very confusing, the date of default is listed as 19/05/2006 against this entry not August 2011 which is when Britannia started to add the defaults

[lem]

If Britannia are still defaulting you every month, you need to write to them and enclose a copy of your completion certificate you will have received shortly after you settled your IVA, if not, the IVA itself will drop off your credit file after 6 years from when it started (which is May 2012?) but the defaults that are continuing to be applied every month by Britannia will still show on your file. You have to ask them to remove them.

[jen_s]

Oh dear, it seems this Britannia crowd are overseas and from what I can see nobody has had any success with getting them to do anything, the final blow after all these years of recovery

[jen_s]

I have started a new question, thank you for your help

[lem]

Have you tried contacting Egg who had this loan originally? they must have the contact details of them if they sold the debt on?

[TheMatrix]

It don't matter if they continue to default the account every month, it is the ORIGINAL DEFAULT DATE that matters for the drop off. THEY ALL GET DELETED AT THE SAME TIME.

The default will drop off a couple of weeks before the 6 year anniversary will call credit, 6 years and a day with Experian, and Whenever Equifax feel like it who appear to be a law unto themselves at them moment, but hearing it will take 6 years and 2 weeks.

Defaults drop off regardless of whether they are marked as satisified or not, I'd ask for them to be marked as either satisified or partially satisified though that's just me.