A creditor has been defaulting me on a monthly basis. How should I sort this out ?

[beaumont]

Hi there. I finished my IVA in June 2013. I have just checked my credit report and one of the creditors has been defaulting me on a monthly basis and is still is doing so . The creditor was involved in the IVA but did object . What should my next step be in trying to sort this out. The company is Redcats or la redoute. Many thanks.

[kazzafunk]

Write to their data controller enclosing a copy of your IVA acceptance docs that will show the date they need to amend their records to.

[Foggy]

Hi - they won't be defaulting on a monthly basis, but reporting the status each month. The date of the default should be on or around the start of your IVA.

[luluj]

Have you received your completion certificate ? If not creditors will continue to report monthly ...as foggy suggests write to them demonstrating your IVA and ask them to remove them.

[hubert]

I've noticed this on my credit report. I'm only 15 month into an IVA and some of my creditors are doing this.

The original default is registered pre-IVA but the account shows default every month.

I'm worried that this means although the original default drops off after 6 years, what happens to these monthly status reports?

Even if they stop reporting at the end of the IVA, will they be on record for another 6 years from then?

[luluj]

The original default date is the critical date ..this should be no later than the start date of your iva. Creditors will continue to update your record monthly throughout the iva but it will not have further impact

[hubert]

font size="1" face="Verdana, Arial, Helvetica">quote:<hr height="1" noshade>Originally posted by luluj

The original default date is the critical date ..this should be no later than the start date of your iva. Creditors will continue to update your record monthly throughout the iva but it will not have further impact

Hi Luluj and thanks for replying.

Are you saying that when the original default drops off, the 5 or 6 years of creditors reporting an account in default status will be ignored by anyone doing a credit check because the actual default has dropped off?

[plasticdaft]

Yes. The account remains in default (and marked as such),until the end of the IVA. 6 years after the default is added(assuming the iva is completed),that whole borrowing(loan/credit card/catalogue or whatever) account will drop out of sight.

Paul

[beaumontblu]

My IVA completed June 2014 and I received my completion statement January 2014. According to my credit report all debts have fallen off aside from redcats which is listed as a default. I will send through completion statement to them but should this default still be registered? Many thanks.

[hubert]

font size="1" face="Verdana, Arial, Helvetica">quote:<hr height="1" noshade>Originally posted by plasticdaft

Yes. The account remains in default (and marked as such),until the end of the IVA. 6 years after the default is added(assuming the iva is completed),that whole borrowing(loan/credit card/catalogue or whatever) account will drop out of sight.

Paul

Thanks Paul very helpful.

[beaumontblu]

Apologies previous post was meant to say that IVA finished June 2013 not June 2014. Completion statement received jan 2014.

[Foggy]

Assuming it has been six years from the start of your IVA then the default should disappear, if it has been dated correctly.

What is the date on the default ?

Background info worth a look here:

http://pjgrecovery.com/clean-up-credit-rating.asp

[beaumontblu]

Looks like date of default was registered on 6/12/2008 so this December would be 6 years. P

[beaumontblu]

IVA started in June 2008 so I will write to data controller requesting that the default date be changed as it ihas been recorded 6 months later. Many thanks.

[plasticdaft]

It will drop off december this year anyway so it may not be worth the effort as the creditor can take a month to act on your request.

Paul