We have just completed our IVA with Freeman Jones, there are no additional monies required to be paid in, so have cancelled our direct debit, I was just wondering what will happen next, when should we check our credit
Files etc. Many thanks
Well done for completing. You now have to wait for your completion letter which will mean that you are totally debt free (apart from a mortgage if you have one). The IVA will come off the Insolvency Register within three months of the completion being issued.
The IVA will remain on your credit record for six years from the date it was originally set up but you can check your credit record withe all three agencies - Call Credit (Noddle), Clearscore (Experian I think) and also Equifax. Any creditor still showing a default should be contacted with a copy of your completion and told to remove any defaults back to the start date of the IVA.
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
