I hope everyone is well, just wanted to update everyone on how things were going after my IVA was completed by full and final settlement.
I have received my paperwork and certificate of completion which is dated 29/10/10. Does this mean that this is the date my IVA was officially concluded?
Do i need to send this to the credit reference agencies or will their records update automatically to show that the IVA has been completed? My name is still on the insolvency register is it true that it will stay on there for another 3 months?
Well im really happy that the paperwork has come through and now its sunk in that my IVA is really over had to wait quite long to get it.
Its true that good things happen all at once i am getting a payrise from work!!!!!!!!!!!! My IVA ran for almost 2 years but im really glad that ive come out the other end. I still remember when everything was a mess and i made the call to get some help, and im really glad i did.
My IVA monthly payments were £377 a month and i paid 22 of these it was tough but it was the responsible thing to do.
For those of you currently in the IVA journey i would like to wish you good luck, and just remember that there is an end!
Yes you can send your certificate to the credit reference agencies and they should update your file if you ask.
Your name usually comes off the insolvency register very quickly after an IVA completes.
Well done on completing and good luck in your debt free future
'An end to the IVA'...yes it's good....but the your credit woes begins earnestly....it will be years before one can obtain a Home loan even though the loans are cheap for the -wrong reasons-
And years to save money if there is a job to keep.
Not a happy bunny.
Last edited by nomoremoney on Mon Nov 08, 2010 10:31 am, edited 1 time in total.
Excellent news Kool and you get to keep all of your payrise as well!
Your IP has to inform the Insolvency Register that you have completed. Keep checking and if it's not gone soon then get in touch and give them a bit of a nudge!
You also need to check your credit record to make sure that no defaults are on there after the date of acceptance. If there are then you should write to those creditors to tell them to remove the defaults. You can then start to rebuild your credit rating again.
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
