Just beginning the process of checking mine & OH credit files as our 6 years will be up in March [:)] I've noticed however that, although the majority of default dates are set at 31st March, some have a date prior to this (5th for example). I know I have to contact the creditors for dates after the 31st but do I do anything about the earlier ones? Will they "drop off" earlier? I think I've read on here somewhere that there's template for a letter to creditors - where can I find this please?
Thanks [:D]
Just been onto the link that Foggy kindly provided. The folllowing has been copied & pasted from there :-
The idea behind asking creditors to correct the dates on the default notices and IVA is to make sure that they are removed from the credit file after six years. If your IVA lasted for five years, correctly dated information will be removed from your credit file twelve months after the IVA has been completed.[/i]
I thought things dropped off 6 years from the start of the IVA?? Not 12 months from the completion?
Hi there,
Your IVA will drop off your credit report 6 years after you IVA has begun. Therefore if your IVA lasts 5 years then 12 months after completion will equal the 6 years from the start of your IVA.
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If you read the quote I've copied, it says 12 months after completion. IVA started March 2008, completion date Jan 2014. 12 months from completion is Jan 2015. This isn't the 6 years after the start date!!! I'm not being thick, just confused at the wording of the quote & now wondering what is correct.
Hi Tinks .. it says 12 months after completion " if your IVA lasted for 5 years" ... making that 6 years from the start,
It's just an example which could have just as easily said "if your IVA lasted 4 years .... information would be removed 24 months after the IVA has been completed"
Bottom line is that the IVA will be removed on or about the 6th anniversary of it's start, assuming it has been formally completed and defaults have been correctly dated.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
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