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falrow1974

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Joined: Sun Jul 19, 2020 8:47 am

Post by falrow1974 » Sat Sep 19, 2020 5:48 pm
Hi,

So i checked my credit file for the first time since my IVA was arranged in January of this year, and for most of my loans / credit cards etc - there is a d - default against each month since January. Is this correct ? - feels like i need to address this - otherwise i will have defaults for the next 5 years ? and then the defaults will appear there on the credit file for another 6 years after the 5 years of IVA

Please let me know if my thinking is correct
Thanks in advance

Foggy

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Posts: 31360
Joined: Fri Dec 17, 2010 11:14 am
Location: United Kingdom

Post by Foggy » Sat Sep 19, 2020 7:51 pm
An account is only defaulted once --- and the date of default should be on or around the date of the IVA starting. What tyou are seeing each month is the current status, i.e. it is still in default. These are not new defaults and the lot will drop off at the 6 year mark.
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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