www.iva.co.uk

I finished my IVA in 2009, Started in March 2005 and F&F in Jan 2009.

On my credit report STATUS shows satisfactory and BALANCE shows settled, but on a couple the STATUS shoes Default and BALANCE shows settled.

Should all STATUS show satisfactory or does that not matter provided the balance shows SETTLED?

Hope people understand this post.

JB

Current status should either show SATISFIED, FULLY SATISFIED or PARTIALLY SATISFIED. Depends on what the creditor puts either one is equally valid.

The satisfied date should be the date your IVA concluded.

The Default Date should be no later than the date your IVA came into effect.

The Current Balance should show as either Settled or 0.

All show as SETTLED but some still have the STATUS as DEFAULT. Is this wrong and should I get in touch with these lenders asap?

JB

Yes, the Status should now show as Settled.

Just re-read this from a duplicate posting and if the IVA came into effect in March 2005 then so long as the default dates are correctly registered it should all drop off your file in a couple of months anyway.

Not worth pursing really given the timeframes and how long creditors take to respond.

Hello all! I've just checked my credit report too and I just want to know what mine should say too! With the creditors that I owed when going into my IVA it shows as default and the amount. When I drill down the dates of the default are all different! Should that be the case or should they say 1st december 2009 which was the date that my IVA was agreed?
Secondly if DFD finally pull themselves together and issue my completion certificate (no I still haven't received it nor an email from them!!!!) should it then read settled where the amount is but still default? Should I be looking for a date of completion anywhere on it?
Thirdly should the mention of my IVA disappear under the public record section as I believe I should come off the insolvency register once I have the cert?
Sorry for all the questions - just keen for it all to be correct so that come 2015 - gulp!!- it will all be correct and I will finally put this lesson behind me
Thanks

Your IVA will disappear after six years after approval regardless of when your certificate is issued.

You should have no defaults showing after date of acceptance. Once you have that certificate then write to any creditors still showin a default after that date and tell them to remove those defaults.

Some creditors will list defaults all through the term of the IVA. While it is still in force they can do whatever they choose with their listings. However, once it has been satisfactorily completed they are obloged to amend the dates to that of the acceptance of the IVA. It might take a bit of pushing and shoving but perseverance pays off !!!!

Couldn't agree more!

And if they won't amend it you can refer them to the Data Commissioner who can force them to comply.

Correct!

Guys, thanks! As always you're advice is invaluable!!

Foggy - should the dates be the start date of my IVA, the F&F acceptance date or the certificate of completion date?

Should it still be showing as satisfied even though I completed my IVA via a F&F?

What information should I send them with the letter? Copy of cert of completion and a copy of the IVA agreement to confirm the date of entry into IVA?

The dates of default should be pre IVA acceptance - anything after that needs to be removed upon completion.

Just send a copy of the completion certificate and they have to remove the defaults.

As Jan says -- the defaults should be dated prior to (or on) the date of acceptance of the IVA proposal. So that they all fall off 6 years from the date of acceptance.

Okay thanks! Now all I need is DFD to issue me the long overdue COC - not holding my breath thtat that will be any time soon given their terrible attention so far! x