www.iva.co.uk

Hi All,
My IVA was started in 2005, completed in 2008 and has now passed the 6 years from acceptance.
Recently I’ve been tidying up my credit file with the 3 main agencies. Thankfully there is no sign of the IVA on any of them!
My question is, regarding CAHOOT who are showing a default from 2008. The actual account is showing satisfied, but in the little coloured boxes the red defaults are showing up. Will this still have a negative effect on my file even though its showing satisfied with a nil balance?
If so I will write to CAHOOT, but I haven’t actually got a completion cert, although I do have final review papers, my IP told me some time ago that there was no such thing as a completion cert. Is this the same thing?

Hi and welcome

You should have a letter telling you that you have successfully completed your IVA. It is a copy of this that you need to send to Cahoot and tell them to remove the default.

Thanks Kallis3,

So does anyone know if having a default showing even though the account states settled/satisfied will have a negative effect to lenders?

A default will probably have a negative effect but can't say for definite.

One may not be too bad but of course until you apply you won't know.

Thats the thing, i'm not prepared to apply unless i know!! I quite wary or obtaining credit again but want to start with a cheap mobile contract deal.

You could try a Vanquis credit card - they are usually good for those of us with a less than perfect credit rating.