just out of an iva, how long are ivas on file?

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kevan

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Post by kevan » Sat Jan 20, 2007 8:41 pm
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just out of an iva, are overdrafts credit checked .if one was needed and how long are ivas on file
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Dominic

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Post by Dominic » Sat Jan 20, 2007 8:42 pm
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one more year on your credit file i think, it satys on there for 6 years from the start of the IVA
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DebtDummy

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Post by DebtDummy » Sat Jan 20, 2007 9:05 pm
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kevan, my IP told me from the date of the getting accepted it remains on my credit record for 6 years.
THEN I went to: http://www,cccs.co.uk/media/2006/TroubleTotal2006 and was surprised. The author states on page 4, from the time of the IVA(regardless of the duration) being completed it stays on for a FURTHER 6 sixs. That makes it a total of 11 years on your credit files if the IVA was 5 years in duration. Helen, the author of this report was in error.

Dominic, others here and my IP are correct. CCCS made a big mistake.

All I have left is my humour. :)
Last edited by DebtDummy on Sat Jan 20, 2007 10:35 pm, edited 1 time in total.
All I have left is my humour. :)

View my blog http://www.debtdummybankruwoman.blogs.iva.co.uk.
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iva_squirrel

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Post by iva_squirrel » Sat Jan 20, 2007 10:23 pm
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Hello,

A note will be put on your credit file alerting potential lenders to the fact that you have entered the agreement.

This note will remain on your credit file for a total period of six years (i.e. normally one year longer than the duration of the IVA).

Kind regards,


Julia

For more information about IVAs, please visit my website:
www.supersonicsquirrel.net
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Oliver

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Post by Oliver » Mon Jan 22, 2007 9:19 am
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Julia is quite right. An IVA is registered on your credit file for a period of 6 years from it's inception regardless of whether you pay it off early or not.



Best Regards
Oliver

Thomas Charles and Co Ltd.
Experts in personal debt solutions.
Read customer feedback at: www.thomascharles.com/about_us.asp
Best Regards
Oliver
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kevan

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Post by kevan » Mon Jan 22, 2007 5:51 pm
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thanks for answering previous question. after completing an iva how long before you are removed from insolvency reg. also is an overdraft credit checked
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Oliver

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Post by Oliver » Tue Jan 23, 2007 9:28 am
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I believe that your name will be removed from the regiseter at the same time your IVA is removed from your credit file i.e. 6 years.

Yes an overdraft is likely to be credit scored.



Best Regards
Oliver

Thomas Charles and Co Ltd.
Experts in personal debt solutions.
Read customer feedback at: www.thomascharles.com/about_us.asp
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Oliver
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MelanieGiles

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Post by MelanieGiles » Tue Jan 23, 2007 12:39 pm
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Your name is removed from the IVA Register as soon as the IVA has been finalised - so there is no 6 year wait in this instance.

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.
View my IVA blog at: http://melaniegiles.blogs.iva.co.uk
Regards, Melanie Giles, Insolvency Practitioner
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j_s

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Post by j_s » Tue Jan 23, 2007 6:35 pm
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Kevan,
I am hopefully about to enter into an IVA. Big question is how did you find it? Did you have to scrimp and save for 5 years? How hard was it?
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