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Mpbmpb

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Joined: Mon May 14, 2018 8:59 am

Post by Mpbmpb » Tue Oct 02, 2018 9:00 am
Hi just a quick question .My iva was approved end of june this year,ive just checked my credit report and some of my card companies are marking as default every month since the iva was approved .Is this normal?

Foggy

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Location: United Kingdom

Post by Foggy » Tue Oct 02, 2018 9:47 am
It is normal. They, in fact, only default once (the date of which should be on or before the start date of your IVA). What they are posting each month is just the cyurrent state of account ... still in default. Which it is !

Have a read here: https://www.iva.co.uk/what-does-an-iva- ... dit-record
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

Ryan

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Post by Ryan » Tue Oct 02, 2018 10:34 am
The actual default date is the most important thing as the default will 'fall off' the credit reports 6 years after that date.

Regards
Ryan Radford
IVA Mortgage Expert
Zebra Money Centre

IVA Mortgage advice needed?

Contact me at http://www.ivamortgageexpert.co.uk or via the expert page

Mpbmpb

Posts: 12
Joined: Mon May 14, 2018 8:59 am

Post by Mpbmpb » Tue Oct 02, 2018 11:17 am
That’s great thanks . It’s my mind at rest I’ve even noticed that some accounts are now marked as closed :!:
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