I finished my iva early

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Louise.69
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by Louise.69 » Sat Aug 05, 2017 12:51 pm
hello I finished my iva early last October why will it be on credit file till may 2018?
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Foggy
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by Foggy » Sat Aug 05, 2017 12:59 pm
Your IVA will remain on your credit files for 6 years from the start date .. as will the correctly dated defaults. This is down to the simple fact that the CRA's deem 6 years to be a sensible time for your history to be shown to potential lenders. You remain on the Insolvency Register for up to three months after the issue of your completion certificate ( which, itself, can take up to 6 monhts from the date of your final payment).
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luluj
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by luluj » Sat Aug 05, 2017 3:09 pm
As foggy says it remains for 6 years from the start date of your iva - appreciate having finished you want to move forwards but 2018 is the date you need to be focusing on.
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kallis3
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by kallis3 » Sat Aug 05, 2017 3:20 pm
Keep an eye on your credit records so that they are all tidied up in time. Clearscore and Noddle are free to check.
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Lisa Thomas
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by Lisa Thomas » Tue Aug 08, 2017 11:36 am
I'm afraid it's 6 years from the start of your IVA, regardless that you finished early.

You might find this quick video I made about cleaning up your credit record useful:

https://www.youtube.com/watch?v=PV4RzUY4BRM

Noddle and Clearscore are also free credit agencies to consider using:

https://www.noddle.co.uk/
https://www.clearscore.com/
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