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Posted: Sun Oct 20, 2013 4:30 pm
by Jane.96
I started my IVA in April 2011. I sold my house last year, and made a "Full and Final settlement payment from the sale proceeds, which was accepted at a creditors meeting in Sept 2012. I received a Certificate of Completion. My credit rating is obviously still affected. Can you tell me how long after I paid the IVA off, my credit status will get back to normal please? It's slightly annoying that I will be uncredit-worthy for a full 5 years from the start of the IVA, even though I paid it off after 18 months! Thank you.
Posted: Sun Oct 20, 2013 4:34 pm
by winter_blues
I'm afraid so . I believe its 6 years from your IVA date . An expert will confirm this though.
Posted: Sun Oct 20, 2013 4:54 pm
by ginger323232
I am no expert - but your IVA will be visible for 6 years in total - from the start of your IVA.
What to do need to check is that all your default accounts are marked correctly as either settled/or partial settled and all your defaults are marked the same date as your IVA agreed date
Posted: Sun Oct 20, 2013 4:55 pm
by back on track
its 6 years from your iva start date reguardless of how early you paid it off.you will come off the insolvency register but that's all until 6years have passes.
Posted: Sun Oct 20, 2013 10:41 pm
by wiggle1
We are still on the insolvency register but I read somewhere that it can take 3/4 months for your name to be removed.