www.iva.co.uk

Hello,

I am in the process of checking my credit files and am finding that a creditor on say Experian shows as Satisfied/Settled, but on Equifax the same creditor shows as 'defaulted'. When the creditor updates their records should they advise all credit reference agencies or do I have to keep pestering the creditor to update all of them?

Thanks in advance.

Danny

You will need to send details to the creditors (your completion letter) and tell them to remove the defaults.

Send the letter to the data controller.

The defaults will not be removed for 6 years from their original dates, which should be close to the start date of the IVA.

It Makes little difference, in the meantime, as to whether they are marked settled or not as the IVA itself is doing enough damage.

On the 6th anniversary, regardless of how they are marked the should be removed automatically.

Have a look here for general info and a letter template if needed:

http://pjgrecovery.com/clean-up-credit-rating.asp

In my experience yes you have to pester.

They seem ever so fast and efficient about slapping the bad info on there like defaults, but correcting things seem to be somewhat lower priority...

Hi

Defaults should be registered on or before the start of your IVA so that all adverse marks are automatically removed at the six year point

Regards

everything will be removed after six years from the default date as stated but be careful as one of the companies that took over two debts during the IVA reinstated two credit files that had been removed there months earlier and put partially settled marks on both a month after the IVA completed and everyone was notified. So i had to the contact equifax to have them removed ! sneaky beggars

Once the 6 year mark has passed and creditors have been sent your CC by your IP, if the defaults do not drop off then send the creditors a further copy of your CC and get them to amend their records accordingly.

Thank you for the advice. 6 years will be up on 26th April 2016, so fingers crossed after that it will be looking much better.

Let us know how you get on!

Will do