sarah955 wrote:Thank you Merlin.
So that should be every default dropped off and no longer on any report ? Is it also right that the accounts from within the IVA should also no longer be showing under the closed accounts section ?
Pretty much, yes. Be aware though that your credit record will be bare, this is as much a red flag to lenders as having defaulted accounts. Build your credit score with care, do not take out Pay Day loans. Do not apply for credit that may be refused as the search will remain on your report for a long time, as rejected application. Use Clear Score and Noddle to do soft searches on any credit cards you may wish to apply for, those credit agencies have masses of help and information on how to build your score and how to save getting into a debt trap in the future, they are free.
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