www.iva.co.uk

Hi all,

I just checked out my credit file (last payment made today on iva so going to check in and out of it over next year or so) and when I look at individual lenders it shows as defaulted but also shows no payments of the total - if my iva company are paying them, should there not be payments?

Tia for any advice

Hi,

Your creditors will not yet have received the final dividend and they will not update any ongoing payments throughout the IVA.

Don't forget that unless your IVA was a six year one, it will remain current on your file until that time.

Many creditors do not update the reported account balances at all during the IVA, indeed, many don't even bother after. Many take the IVA payments in against a dummy account set up for that purpose as, as far as they are concerned, the defaulted account is closed. It matters not, from a CRA file point of view, as the whole shebang will disappear 6 years from the default date anyway.