www.iva.co.uk

Hi just a quick question .My iva was approved end of june this year,ive just checked my credit report and some of my card companies are marking as default every month since the iva was approved .Is this normal?

It is normal. They, in fact, only default once (the date of which should be on or before the start date of your IVA). What they are posting each month is just the cyurrent state of account ... still in default. Which it is !

Have a read here: https://www.iva.co.uk/what-does-an-iva- ... dit-record

The actual default date is the most important thing as the default will 'fall off' the credit reports 6 years after that date.

Regards

That’s great thanks . It’s my mind at rest I’ve even noticed that some accounts are now marked as closed