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
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.
IVA Mortgage Expert
Zebra Money Centre