I started and IVA on 6th June 2012 and completed it 6 months ago on the 26th May 2017.
I'm now starting to look at my credit reports to see what, if anything, needs 'cleaning up' and I have obtained reports from Equifax, Experian and CallCredit.
On two accounts (Max Recovery and PCO Hold Co Sarl c/o Watch Portfolio) on the Equifax and Experian reports they show a single default when the IVA started, but nothing for the next 60 months and then a PS when the IVA was completed.
However on the CallCredit report on the same two accounts (Max Recovery and PCO Hold Co Sarl c/o Watch Portfolio) it shows a DF in all of the 60 months, right up to the date the IVA was completed then in June 2017 it shows a PS.
I was under the impression that they could not show a default after my IVA started. Is this correct?
The way I see it (please correct me if I'm wrong) those defaults up to June 2017 will remain on my record for another 6 years?
As such, I need some help/advice as to how to go about getting the defaults removed if they aren't supposed to be there, as I only have 6 months to wait until the IVA falls off my record for good and I can start to live again.
Hi -- the important thing is the "date of default", which should be on or about the date of the start of the IVA. The defaults will drop off 6 years after this date.
Regarding the credit file entries: this is simply that the creditors have reported the default as still exisiting every month to Callcredit, but not to Equifax or Experian --- they are not defaulting every month ( each debt can only be defaulted once ) but reporting the existing default.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
Visit my blog here : http://foggy.blogs.iva.co.uk/
Max Recovery and PCO Hold Co Sarl c/o Watch Portfolio are very IVA aware and try to stay within the rules and guidelines. If they 'forget' to remove the defaults it will be a simple matter of a letter to advise them of the oversight, thankfully you won't get engaged in a communication war with these 2 agencies.
Last Payment made 04/12/14. Completion Certificate 25/7/15. IVA company GT. No Issues