www.iva.co.uk

Hooray! My IVA has now been finalised and I have my completion certificate - am over the moon! I think i now have to contact the Data Controllers for each of my creditors and send them a copy of my certificate to ensure they update their records so in turn my credit file/rating is updated? Is this correct? Any tips on how I go about doing this?
Thanks
Caron

Congratulations! Enjoy your new found freedom! Someone will be along with tips on how to clear your files soon x

TheMatrix is a wealth of knowledge in respect of cleaning up your credit files.

Well done on being debt free x

Brilliant news Caron! Enjoy that feeling of being debt freeeee! [:D]

Congratulations Caron and best wishes for the future.

Well done Caron. Enjoy your new found wealth!!!!

All the best for the future Caron

Hi

Congratulations, did it take long to get your completion statement following your final payment ?

Regards

Thanks everyone for your comments! Just need to clear my recors with my creditors now!
Andy - YES! my last payment was in Oct 2011

Congratulations...

First step, if you have not already done so is to get hold of your credit files from Call Credit, Experian and Equifax. (They cost £2 each but you can sign up for the months free trial at Experian and Equifax)

Call credit you can get free reports from www.noddle.co.uk

Then once you have your reports you need to check that

The IVA is marked as completed, if it's not ask the CRA to do this by sending them a copy of your completion certificate.

Check all defaults.... They should be

dated on or before the start date of your IVA
Marked as Satisfied or Partially Satisfied.
Have a Zero Outstanding Balance (Note the original default amount will remain)

Defaults remain on your credit file for 6 years from when they were first registered regardless of whether they are marked as satisfied or not.

It's a good idea to get them marked as satisfied as it prevents the debt from being sold on.

If any data needs amending on the report, you should write to "The Data Controller" for each of the creditors where information is inaccurate or out of date. There are some template letters available on this site under http://www.iva.co.uk/forum/forum.asp?FORUM_ID=183

You will find the address to write to for the data controllers on the ICO register available here http://www.ico.gov.uk/what_we_cover/reg ... llers.aspx

First step though get hold of your 3 credit files.

Good luck for the future which you can now start building with the completion certificate in your hands

Don't know what's happening with the links but hope they work, tried editing but for some reason giving target blanks

Wow! Thanks TheMatrix.... you do have a wealth of knowledge like it says above! Just one thing - what does CRA stand for? I registered with Experian and Equifax previously so just need to log in and check them out.
really appreciate your help
Caron

CRA just means Credit Reference Agency, sorry throw back to my old work days. They just loved acronyms

Ha ha!

Well done. I really did think about it and I had a look at my credit files, ohhhh what a mess. So on the assumption that after six years the defaults etc drop off anyway.(yeah bet that in reality is going to take work)so I'll wait till then.
My reason is I went into my Nationwide where I have a cash plus account (with debit card) for nearly six years, faultess. The IVA shows as satisfied but as the manager says I know, but it's still there, so no you can't have a flex current account...But that's only a debit card account tooo, I whinned. Not so, not all debit cards are equal. And the less credit (if at all) you apply for now the more lenders will know about the IVA post six years, they won't in theroy
I suppose I might be a bit paranoid!