Default Registered after IVA complete

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GullyP123

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Post by GullyP123 » Mon Oct 11, 2021 10:54 pm
Hi,
I need some help with my IVA thats complete.

I started an IVA in March 2018 and made a full and final settlement in 2019.

I have just received a letter from Klarna stating i owe them money. I had a debt with them before my IVA.

The debtor Klarna was not on my IVA for some reason and i did not know of the debt at the time or i would have mentioned it. The debt is for £100 so nowhere near the total amount of what was registered under the IVA.

They have put a default on my credit file August 2021 but the debt was from before my IVA. So this should have been part of my IVA.

I have checked my debtors list on the IVA meeting report and Klarna are not there. They should have been there. I have informed them of the IVA and when i entered just today after opening the letter.

The issue is now my IVA is complete and i have a default registered. Its like im starting the 6 years again.

I have wrote to Klarna informing them i was in an IVA. Im not sure how to go about this. Would it still come under the IVA even though they were not informed or on the debtors list. Is there any way i can get them to register the default back to march like the rest.

Whats the law in this as i feel like the IVA was pointless at this stage.

Any help would be much appreciated .

Thanks

Foggy

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Post by Foggy » Tue Oct 12, 2021 7:22 am
My understanding is that debts existing when the IVA was taken out are covered, even if not mentioned, so the default should be dated from the start date of the IVA and, therefore, drop off again at the year 6 anniversary.

Use the template here: https://www.iva.co.uk/what-does-an-iva- ... dit-record You will have to amend it to suit. You could also check the situation with your former IP. They should still have your file.
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

GullyP123

Posts: 11
Joined: Wed Feb 28, 2018 5:23 pm

Post by GullyP123 » Tue Oct 12, 2021 8:41 am
The issue is its showing on my credit file as unpaid. So not showing as settled as they were not included in the IVA.

Would i now have to clear that debt.

Will they backdate it to the start of the IVA.

Thanks for replying foggy.

kallis3

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Post by kallis3 » Tue Oct 12, 2021 8:49 am
They have to. Have a look at the link Foggy provided, it will be very helpful.

You won't have to pay it.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley.
http://kallis3.blogs.iva.co.uk

kallis3

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Post by kallis3 » Tue Oct 12, 2021 8:51 am
You can always put a Notice of Correction on your credit file.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley.
http://kallis3.blogs.iva.co.uk

GullyP123

Posts: 11
Joined: Wed Feb 28, 2018 5:23 pm

Post by GullyP123 » Tue Oct 12, 2021 12:44 pm
The issue is now my mortgage will get declined and its like my 6 years have been refereshed. Would the creditor move the default back to that date even though they were not included in the IVA

Foggy

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Post by Foggy » Tue Oct 12, 2021 1:20 pm
Tue Oct 12, 2021 12:44 pmGullyP123 wrote:
The issue is now my mortgage will get declined and its like my 6 years have been refereshed. Would the creditor move the default back to that date even though they were not included in the IVA
The default occurs when the relationship between lender and borrower breaks down. Declaring your insolvency and entering an IVA would be that point in time.
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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