I have done a full and final payment on my IVA which started feb 2011 and received my certificate months ago but now on my credit file I have a default from capital one which has shown a default every month since the IVA started. What can I do to get this removed please? I know that my IVA should drop off my file in feb 2017 but am I really worried about this default in the meantime
There is only 1 default per debt, but it is reported every month! The important thing is the date of the default ... when it is 6 years old it will drop off along with all the monthly reports.
Initially I too was concerned at seeing a default every month. I waiteded a couple of months after the six years were up and then rechecked.
All but 1 default had gone. After a six month fight, ultimately involving the Financial Ombundsman Service, (least I got £100 fine out of it too) the remaining one went as well.
Couple of months later I tested the worthyness of my credit rating by getting a small mac on HP, (£30 per month) which all went through fine
Couple of months after that I got my first new car for ages. Bye-Bye wrecks - hello manageable debt!