My IVA agreement for 6 years ends September. Will it drop off credit ratings almost immediately ?

Get expert opinion. This is the place for new questions to be posted.
3 posts Page 1 of 1
 
 

Roly.r

User avatar
Posts: 1
Joined: Wed Aug 27, 2014 1:25 pm

Post by Roly.r » Wed Aug 27, 2014 1:25 pm
My last IVA payment is on 1st September 2014. My agreement was for 6 years as I owed a lot of money. Am i right in thinking that my IVA will drop off my credit rating almost immediately, as it will have been 6 years from the date it commenced?
 
 

Foggy

User avatar
Posts: 33396
Joined: Fri Dec 17, 2010 11:14 am
Location: United Kingdom

Post by Foggy » Wed Aug 27, 2014 2:04 pm
Once you get your completion certificate and assuming all defaults are correctly dated.

Have a look here:
http://pjgrecovery.com/clean-up-credit-rating.asp
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
 
 

luluj

User avatar
Forum Expert
Posts: 11333
Joined: Sun Dec 09, 2007 6:54 am
Location: United Kingdom

Post by luluj » Wed Aug 27, 2014 7:56 pm
Well done for reaching the end of your IVA journey. The credit records will clear as soon as the certificate of completion is issued etc as Foggy explains - won't be long now before you are free from this and you can start your debt free life
Sharing from experiences of dealing with debt

There is a solution for everyone .... Just need to stay positive !

Look at my blog "All I wanted was a baby"
3 posts Page 1 of 1
Return to “Ask IVA Forum and Industry experts”