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Marmite

Posts: 9
Joined: Fri May 10, 2019 7:31 am

Post by Marmite » Tue Apr 27, 2021 10:26 am
Hi
I have searched forum first and can see CRAs a law unto themselves

Key dates
26.10.18 entered into IVA
04.09.19 F&F IVA settled certificate of completion

So wanting to correct CRAs now and then put paperwork away

1. Some CRAs are still showing default after IVA started. I'm guessing from posts they can show what they want and no standard reporting
2. From the date of the certificate of completion should all accounts stop showing default and I know they can show satisfied or partially satisfied or nothing-again no industry standard

Goal is in 6 years time at anniversary of IVA completion all the default accounts should disappear.

For correction, any creditor should not be showing a default after the date of the certificate of completion
Is this correct?

Cheers
Marmite

Foggy

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Forum Expert
Posts: 32434
Joined: Fri Dec 17, 2010 11:14 am
Location: United Kingdom

Post by Foggy » Tue Apr 27, 2021 10:43 am
No. The certificate of completion will only get the IVA itself marked as completed at the CRAs. The defaults still stand until the 6th anniversary of the date of default, which should be on or around the start date of the IVA.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
http://foggy.blogs.iva.co.uk
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