They will be removed three months after you get the completion certificates issued (which itself can take a couple of months (up to 6 in some cases)).
While in my last few months of my IVA, my IP (DFD) rang and told me they wanted to extend my term by a few months as on my original agreement I was to pay extra monies if I took in a lodger for my spare room (I had a teenage daughter so a big fat no to this one despite not telling them this) and if my partner at the time was to gain employment I was also to increase my monthly standing order to them. Because none of these happened (although I did put £7k from PPI's into the pit) they said they felt I needed to make up for this.
I refused and it went to a meeting and they creditors agreed not to pursue this - but this would have taken it to 75 + months. I am not sure if I was right or wrong but at the time thing were tough and I wanted a fresh start - I never felt this extension would have been done for a fair reason so I stood my ground.
jeep1970 wrote:Thanks guys. Well I only have 4 payments left and 8 for partner so will wait it out. Have never missed a payment or had a break - just think that if they know when your final payment is then they could get wheels in motion for register removal. I read that iva can only stay on a credit record for 6 years max by law so doesn't seem fair when you have done your time and need to move on.
It only stays on for 6 years if it is completed in that time. If not, it stays until it is completed.
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