credit score

[bobbydavro]

Now that the my completion certificate is through and the insolvency register will be notified and my name will drop off etc. My credit file will obviously still show IVA for 6 years but will show satisfied and each creditor i assume will show satisfied but again still show for 6 years will this small bit of positive information improve my credit score even if slightly?

[RATFACE2]

its only 6yrs from when you started your iva and not when you finished. now you have finished it one would expect you to check your credit score few months later and check to see any creditors have left any mark's against you. if so you will have to send an copy of your completion certificate to the credit reference agencies to have it removed. even then don't jump into any credit loans for a good while

[thisusernameistaken]

Ratface is correct; 6 years from the start of the IVA - it's why it's important to check that all the defaults were registered correctly on the credit agency records. At least 3 of mine are a couple of months later which would mean they would be present 2 months after the 6-year period. Once things have settled I'll be sending copies of my CC to the relevant companies to get them to correct the dates and align them all.

One thing I have noticed though; a friend of mine had defaults against him when he was out of work for a long time. However, only a few years later he's just been accepted for an increased mortgage and a lease on a new motorbike. He's in a good job again and earning decent money and the defaults - now satisfied - aren't having as big an impact on him as you might think.

That said, the further away from it you get, the better things will be. I settled my IVA 2 years early so have another couple of years of poor credit to endure.