I paid my IVA over 5 years but my debt still shows on my report

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Gooseloose
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by Gooseloose » Wed Dec 12, 2018 7:23 am
I paid my IVA over 5 years and received my completion certificate it's been 6 months and my old debt still shows on my credit report saying I still owe them money and each month it says missed payments
Is this right ? Does the debt stay on my report for 6 years ?
Each month my credit rating goes down
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Foggy
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by Foggy » Wed Dec 12, 2018 7:45 am
Your credit record will be shot for 6 years from the start date of the IVA, and 6 years from the date of each default (which should be the start of the IVA also). Have a read here: https://www.iva.co.uk/what-does-an-iva- ... dit-record
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Lisa Thomas
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by Lisa Thomas » Wed Dec 12, 2018 9:49 am
You might find this quick video I made about cleaning up your credit record useful:

https://youtu.be/PV4RzUY4BRM
Noddle, Clearscore and Totally Money are also free credit agencies to consider using:

https://www.noddle.co.uk/
https://www.clearscore.com/
https://www.totallymoney.com/
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Ryan
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by Ryan » Wed Dec 12, 2018 10:30 am
Your credit score should improve at the 6 year point when everything should fall off the reports. For mortgages the fact that the 3 credit reports are clear and up to date is more important for us than the actual credit score though.

Regards
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