Who informs the creditors?

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Posts: 58
by Oopssidaisies » Thu Jul 20, 2017 10:23 am
After 6 years I've been told my completion certificate in the post to me! Hurray!!! so I enquired as to who informs the appropriate agencies they said it's the creditors themselves is that right? Thanks pepes
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Forum Expert
Posts: 24997
by Foggy » Thu Jul 20, 2017 10:45 am
Not quite.

The IP will inform the Insolvency Service, so you can be removed from the Register -- this can take up to three months. The Insolvency Service reports to the credit reference agencies who will them mark the IVA completed ( it will, however, stay on record until the 6th anniversary from the start. Creditors will have already registered your accounts as in default, with the default dates on or around the start of the IVA --- these defaults will drop off when they are 6 years old.

Have a read here, as well as the last entries on my blog (link is in my signature below) :

https://www.iva.co.uk/what-does-an-iva- ... dit-record
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Lisa Thomas
Industry Expert
Posts: 6273
by Lisa Thomas » Mon Jul 24, 2017 8:45 am
The IP will write to creditors notifying them the IVA has completed and they SHOULD update their records accordingly but this is not always the case and sometimes you need to pester the creditors.

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


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

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