Hi all, my partner and i have recently received our IVA complation certificate and upon viewing our experian report - some companies are still showing a Default (the balances owed are showing satisfied but status is shown as Default). We have phoned some of these companies but Max Recoveries in particular are refusing to update our defaulted status - are they allowed to do this? We have been passed from pillar to post, department to department, and when we asked who regulates them, she said she didnt know...?? We sought advice from our ip and was told that legally they cannot refuse to update our status if there is no balance outstanding.
We really would like to see some light at the end of this very dark, long tunnel...
Just remember all of your Creditors cannot add interest and default you after the IVA is agreed. Your best bet it to send of your completion certificate to each of the 3 Credit Agencies which are Experian, Equifax and Callcredit and also write to each of your former Creditors and get them to mark there files as satisfied.
Defaults only stay on your file for 6 years so they will drop off automatically anyway and you will have your fresh start
I agree with Ray - they cannot refuse to remove the default as they should not have put it on there in the first place.
Send them a copy of your certificate and demand that they remove the default.
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
Regards, David Mond, Insolvency Practitioner for over 46 years. Personal Insolvency Practitioner of the year 2012, Personal Insolvency Practitioner of the year finalist 2013 & 2014 awarded by Insolvency & Rescue Magazine and 2015 finalist for Personal Insolvency Firm of the Year.
