Cleaning up credit file

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sally676
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by sally676 » Thu Jan 31, 2019 10:13 pm
I have just received my completion certificate for my IVA (22/01/18). I am now looking at my credit report to determine what I need to clean up.

I note that my IVA is shown as completed.
Two of the debts included in my IVA have been changed to show £0 as the balance and Settled as the status.
The three remaining debts are posing a question for me. They are shown under 'open accounts'. One is with Halifax, and it still shows the balance (not zero) and the status is Default.
The other two debts were credit cards and have been sold on to debt collection agencies (Arrow and Pra Group). They both show as Default and the full amounts are listed as the balance.

So, a couple of questions:
1) should these debts be changed to £0 and status changed to settled?
2) If so, I can contact Halifax but do I contact the original lender or the debt collection agency for the remaining two?
3) Is it true that my name will stay on the insolvency register for 3 months after the completion certificate was issued?

Thanks in advance for any help.

FYI: My IVA (CreditFix) started in July 2017, it was settled in November 2018 by F&F. Certificate issued 22 Jan 2019.
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MerlinL14
Posts: 1588
by MerlinL14 » Fri Feb 01, 2019 8:22 am
All the defaults will remain for 6 years from the start of your IVA. I wouldn't worry too much about amounts as it is the dates that you want to be correct.
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Foggy
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by Foggy » Fri Feb 01, 2019 9:27 am
1) should these debts be changed to £0 and status changed to settled?

Doesn't make any difference as long as the default dates are on or around the date the IVA stated.

2) If so, I can contact Halifax but do I contact the original lender or the debt collection agency for the remaining two?

Usually safer to contact both. Sometimes a debt collection agency duplicates the entry with one of their own.

3) Is it true that my name will stay on the insolvency register for 3 months after the completion certificate was issued?

Yes -- technically "up to" three months, but usually three months to the day.


FYI: My IVA (CreditFix) started in July 2017, it was settled in November 2018 by F&F. Certificate issued 22 Jan 2019.

IVA and Defaults will remain on your credit file until at least July 2023


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