www.iva.co.uk

My IVA ended on the 29th March (I have my CC) after a F&F offer was accepted.

I have since signed up with Equifax & Experian to check out my credit rating. After viewing my credit agreements 2 x accounts (1 with natwest and 1 with Lloyds Bank) are still showing up as red with defaults. Is this normal? Do I need to contact them and send them a copy of my CC?

Have a read here:

http://debtcamel.co.uk/repair-credit-record-iva/

Defaults will sit there for 6 years from the start date.

I understand that, but shouldn't they now be marked as settled or at least partially settled with a current balance of £0 as my IP will have distributed them the funds by now?

Some creditors do this, others need to be asked. At the end of the day it makes little difference as they will disappear lock, stock and barrel after the 6th anniversary of the initial default date, which should be on or before the IVA start date.

Foggy is right, however I sent all my creditors a letter with a copy of CC just to make sure they were aware and updated my credit files to reflect partially settled and marked zero balances. But at the end if the day what counts is the end of 6 years - the cliff face moment!.. A little big like those coin games in arcades that push the coins over and drop off for winner to take all!

After you have your CC and the 6 year mark has passed the defaults should then drop off. If they don't you can ask the creditors to update their records accordingly.

It's a common occurrence I'm afraid.