Partial settlement on credit report

Get expert opinion. This is the place for new questions to be posted.
2 posts Page 1 of 1

sade

User avatar
Posts: 1
Joined: Fri Jan 08, 2021 4:03 pm

Post by sade » Fri Jan 08, 2021 4:03 pm
I made a settlement and completed my IVA in 2019 after going into it in 2017. On my credit report all lenders but one have put that the debt was part of a IVA which has been settled and the default amount is now zero. One Lender hasn't done this, is there a way I can contact the lender to make the same change so it is reflected on my credit score, I know the default has to remain but its doesn't reflect that there has been a partial settlement.

Foggy

User avatar
Forum Expert
Posts: 32287
Joined: Fri Dec 17, 2010 11:14 am
Location: United Kingdom

Post by Foggy » Fri Jan 08, 2021 4:48 pm
The status is up to the creditor to describe as they see it. but, at the end of the day, this makes little difference as the issue is the default itself, rather than the status, and this will disappear, lock, stock and barrel, at the 6 year mark, regardless of status. Do make sure that they are dated correctly, so that they do disappear on 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
2 posts Page 1 of 1
Return to “Ask IVA Forum and Industry experts”