I have settled my IVA but some creditors are still showing me as defaulting

Get expert opinion. This is the place for new questions to be posted.
4 posts Page 1 of 1
User avatar
phil590
Posts: 1
by phil590 » Tue Feb 27, 2018 4:53 am
I have settled my IVA but some of my creditors are still showing me as defaulting on my credit rating. Is this normal? The settlement was immediate due to me leaving the armed forces and getting a lump sum that allowed payment of a percentage of the debt.
User avatar
Ryan
Industry Expert
Posts: 908
Contact
by Ryan » Tue Feb 27, 2018 8:22 am
Hi Phil,

Yes the defaults will show on your credit reports for 6 years from the day they are registered which should be the date that the IVA began.

Regards
User avatar
Foggy
Forum Expert
Posts: 26891
Contact
by Foggy » Tue Feb 27, 2018 9:08 am
As Ryan says, you are stuck with those defaults for 6 years as well as the IVA being on record. Have a read here : https://www.iva.co.uk/what-does-an-iva- ... dit-record
User avatar
markss675
Posts: 10
by markss675 » Wed Feb 28, 2018 7:15 am
I would check the original dates the defaults were added to ensure they are correct. Sometimes if you write to a creditor and ask for removal some will do this but only in certain circumstances. Nothing to loose by asking them.
4 posts Page 1 of 1
Return to “Ask IVA Forum and Industry experts”

Who is online

Users browsing this forum: No registered users and 23 guests