Hi there, my Iva ends on the 29.5.2020, how soon can I expect my credit file to be updated and see an increase in my credit rating, the Iva has already been satisfied and we have a been sensibly using a credit card to boost out credit rating.
Credit ratings will improve when the IVA falls off the record, six years from the start date, assuming it has already been removed from the Insolvency Register. I am assuming that you have been issued with your certificate of completion.
Associated account defaults will also drop off on their 6th anniversary (which should be the same date, if they have been correctly recorded).
