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Posted: Mon Sep 26, 2016 7:21 pm
by lucy2158
Hi All
I have done a full and final payment on my IVA which started feb 2011 and received my certificate months ago but now on my credit file I have a default from capital one which has shown a default every month since the IVA started. What can I do to get this removed please? I know that my IVA should drop off my file in feb 2017 but am I really worried about this default in the meantime
Posted: Mon Sep 26, 2016 8:26 pm
by lucy2158
My main worry is that there is a default showing under every month since the IVA started this is on Noddle. Is this normal?
Posted: Mon Sep 26, 2016 8:34 pm
by Foggy
There is only 1 default per debt, but it is reported every month! The important thing is the date of the default ... when it is 6 years old it will drop off along with all the monthly reports.
Have a read here:
http://debtcamel.co.uk/repair-credit-record-iva/
Posted: Mon Sep 26, 2016 8:38 pm
by lucy2158
The date of the 1st default is when the IVA started so looks ok then
Thanks Foggy
Posted: Tue Sep 27, 2016 7:09 am
by PoorbutHappy
Initially I too was concerned at seeing a default every month. I waiteded a couple of months after the six years were up and then rechecked.
All but 1 default had gone. After a six month fight, ultimately involving the Financial Ombundsman Service, (least I got £100 fine out of it too) the remaining one went as well.
Couple of months later I tested the worthyness of my credit rating by getting a small mac on HP, (£30 per month) which all went through fine
Couple of months after that I got my first new car for ages. Bye-Bye wrecks - hello manageable debt!
So dont worry, but monitor, check and hassle.