www.iva.co.uk

Hi,
I started an IVA in 2008 so it will finish August 2013.
How long does it stay on record from completion date? I thought from start to finish it was approx 6 years, but somebody told me it was another 6 years after completion was finished.
The only reason Im asking is I need to renew my phone contract and wondered if it would be a problem.

My understanding is that it stays on your record for 6 years from commencement. I also believe that you will need to give evidence of your completion certificate before the credit reference lot will clean up you files..

I think the confusion here is caused by some lenders ( mortgage providers in the main) have an in house policy of not lending for 6 years post IVA. This has nothing to do with your credit files.

Thanks for the reply's.
Lets hope I will soon get my new phone contract

Vanda, if you are staying with the same provider there should be no problem anyway. Many posters here have even managed a new contract whilst in their IVA's, with T-Mobile.

My IVA is still on my credit file and I upgraded my phone this weekend with my current provider with no problem whatsoever, should be delivered to my workplace today.

Thankyou Thats good to know, although I need to change providers as where I live I cannot get a reception so paying out for a contract I cant use, if push comes to shove I will have to get my partner to do it in his name, it's just I like to be independant

font size="1" face="Verdana, Arial, Helvetica">quote:<hr height="1" noshade>Originally posted by Vanda.ns

Hi,
I started an IVA in 2008 so it will finish August 2013.
How long does it stay on record from completion date? I thought from start to finish it was approx 6 years, but somebody told me it was another 6 years after completion was finished.

I have just had a situation where i was told the same (Noddle.co.uk). Once completed IVA, I have to wait 6 years after that date before my credit record is clear. I have questioned it and they are adamant that what they tell me is true.
If so, I have been 'miss sold' an IVA. Cause as soon as my IVA is complete, I was hoping to get a mortgage.

wannabedj -- Noddle are talking out of their backsides! Your credit files at the CRA's will clear after 6 years from the date of the start of the IVA, as long as you have completed and all defaults have been dated correctly.

Thanks foggy. I did think it was strange what they said but wanted someone to just confirm it.