Back in mid 2011 due to my wife losing her job, I used Payplan for a debt management plan to manage the debt I had.
I stayed on that until I decided to go for an IVA which was approved in Oct 2014.u
During the first year a relative offered a full and final settlement against the IVA which was eventually accepted in May 2015.
Since then on my credit file the credit cards that I defaulted on now show as settled but the loan, credit card and overdraft I had with Lloyds is still showing in default.
The questions I have are as I finished the IVA early when does the clock stop ticking on how long the default shows? Is it 6 years from the IVA being settled or from when the IVA was started?
Why is Lloyds still showing as defaulting now where the others are not?
Defaults hold for six years from te date of default. If default dates are after the start of the iva then you have the right to request the creditor change it.
Sharing from experiences of dealing with debt
There is a solution for everyone .... Just need to stay positive !
