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russie

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Post by russie » Wed May 06, 2009 12:32 pm
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Hi,

just viewed my Experian credit report and five of my creditors have submitted default dates that are after my IVA agreement date. I have read that this is not allowed. Is that right? (IVA completed and trying to clean-up my file).

Thanks.
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Max

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Post by Max » Wed May 06, 2009 12:37 pm
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I stand to be corrected but I think you have to write to the creditors and tell them to remove the defaults - they have to do so I believe.
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rayb

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Post by rayb » Wed May 06, 2009 12:40 pm
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You are spot on elv5. They are not allowed to add defaults after the IVA is agreed
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Max

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Post by Max » Wed May 06, 2009 12:43 pm
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I've got questions for you now. My IVA was agreed yesterday - does that mean defaults after yesterday's date cannot now be added? Also, if defaults are added do they atuomatically drop off after a given length of time? THank you in anticipation!
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LoneRanger

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Post by LoneRanger » Wed May 06, 2009 12:45 pm
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Defaults added before the date of your meeting will drop off after 6 years, which will be before your IVA does anyway.

As you said above creditors now cant start adding defaults since your IVA has been agreed.
Last edited by LoneRanger on Wed May 06, 2009 12:46 pm, edited 1 time in total.
Steve.

IVA approved!
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Max

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Post by Max » Wed May 06, 2009 12:47 pm
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Thank you
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kallis3

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Post by kallis3 » Wed May 06, 2009 5:35 pm
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Sorry to disagree Steve, but creditors do add defaults after your IVA has been agreed, even though they are not supposed to.

However, they shouldn't do it and once your IVA is finished you can write the creditors who have done so and tell them to remove the defaults.

No need to worry yet though.
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
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