Hi all, another question i have! Please can someone explain this 6 year thing, my iva started in oct 2010 and was paid off in may 2016. Do i have to wait until October until my name comes off the register or until I apply for a mortgage? Cheers
Your name will come off the Insolvency Register within three months of them receiving a copy of your completion but make sure your credit record is clear before applying for anything.
Speak to Ryan or Shaun in the meantime for info on a mortgage.
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
You come off the Insolvency Register within three months of getting the certificate of completion. But, your IVA and the defaults stay on your credit reference agency files for 6 years from their start dates.
You do need to check that the defaults have been dated correctly.
1. You will come off the register within 3 months of receiving your CC.
2. You cannot begin to clean your credit record up until a) you have got your cc, b you have come off the register and c, 6 years has passed from the start of your IVA.
So October 2016 would be your earliest date for defaults etc to drop off but only if your CC has been received by then and you have come off the register.
