Will my defaults show up six years from May 2018, or when they account finally shows as settled/partially-settled? Am I right in thinking that the IVA will come off the record after 6 years from starting but the defaults will remain? I am getting conflicting reports from all CRA's as they all seem to show info that others don't or is missing. I'm not sure what will happen or how long it will take for them to update their records and what that will actually mean for my credit record. I'm still on the insolvency register until the 2nd August, going by the notification date on there, will that reflect on my record? I'm just wondering why all those accounts continue to show defaults monthly when they are/were part of the IVA - I thought the point of the IVA was to stop that happening as we were in a new arrangement, the IVA itself. I'm so confused.
All defaults should have the IVA start date recorded against them, if not contact the Companies concerned and they will amend the date. The defaults will then remain on your credit reports for 6 years from that date as will the IVA.
It's best to check all 3 credit reports if you haven't already done so (Experian, Equifax and Callcredit/Noddle).
https://www.iva.co.uk/what-does-an-iva- ... dit-record
Each account will only have one default -- it is simply being reported every month and will disappear on it's 6th anniversary, which should also be the time the IVA goes, assuming everything is correctly dated.
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