I have just checked my credit file and i have about six creditors on my IVA and there is one on my credit file that is registering a default every month is this correct as none of the other creditors are doing this?
No you cannot be defaulted after the date the iva is approved. Contact the creditor and tell them to stop or you will take action via the information commissionaire.
Paul
Discharged today the 8th feb 2012. View is much brighter now.
Continuing to rebuild our credit worthiness.
They can default whilst the IVA is in progress - I have one who does that every month.
However, once you have completed then they have to remove any defaults registered after the date the IVA was approved.
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
Defaults should be entered until the start date of your IVA - after which time if they continue to do so they are in the wrong. My suggestion to youis towait until your IVA comes to an end and then worry about clearing up your file at that point - it you do it now, you are likely to be haing to do it all the way through and it won't impact on your circumstances or anything until after your IVA has finished.
Sharing from experiences of dealing with debt
There is a solution for everyone .... Just need to stay positive !
I would save your £2 until you have finished your IVA - then you can go about rectifying default dates - it is not going to make any heck of a diffrence until then.
In fact it can be downright "depressing" looking at your credit file till then
Last edited by ginger3232 on Mon Apr 11, 2011 4:15 pm, edited 1 time in total.
They are actually allowed to do it Luluj - you are technically in default until the IVA is completed as you will always owe the full amount.
I think they do it so that if your IVA fails the defaults are already registered.
As I know I can't get credit I really don't care what is on mine at the moment!
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
Yes i was just interested to see and very surprised to see that my credit score is showing as Fair with a score of 778. I expected this to be very low.....
Not a clue what mine is! Even with a fair rating you'd be unlikely to get credit - when I was solvent I couldn't get a full bank account with Nationwide but Barclays were no problem!
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
I know one of mine is probably defaulted which was alliance n Leicester.
I am not going to worry about it till a year after our the end of our IVA, then I shall get to work on sorting it out.
I don't want any further credit, especially when it comes to credit cards & store cards!
Final IVA payment made in April 2013, never ever thought we could do it or get through it but we did! X
An IVA.co.uk Mentor is someone sharing from their experiences of dealing with debt
I shall start sorting mine out as soon as I have completed the IVA - that way all defaults should be off the record by the time the IVA drops off.
Never say never Lyns!
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 can start working on the report as soon as your IVA is finished. However, you are unlikely to be able to get a mortgage before the six years is up. You'll need a hefty deposit and would be best going to a whole of market broker.
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
Your IVA will remain on your file from the date accepted/started +6 years Im afraid.
I do understand where you are coming from regarding mortgages, we are in rented property but still hang on to a dream of buying our own home.
We are set to struggle though as we will need a large deposit to get a good reasonable interest rate.
Final IVA payment made in April 2013, never ever thought we could do it or get through it but we did! X
An IVA.co.uk Mentor is someone sharing from their experiences of dealing with debt
