Do IVA details get cleared off my record when last payment has been made ?

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Chrisd1865

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Post by Chrisd1865 » Sun Jan 22, 2017 8:41 am
My Iva is due to finish August 2018 when my latest payment is due. I know iva's stay on your credit report for 6years. Does this mean that the iva details will be cleared of my credit report in August 2018 also as it was a 6year Iva I entered into?
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Chris

kallis3

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Post by kallis3 » Sun Jan 22, 2017 8:48 am
Hi,

It will be cleared from your record after six years but also you will need that completion letter from your IVA company and it should come off the Insolvency Register within three months of receiving that letter.
Sharing from experiences of dealing with debt
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Andy.75

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Post by Andy.75 » Sun Jan 22, 2017 12:23 pm
Hi
My 6yr Iva started March 2010 and finished March 2016. Completion certificate came May 2016 and I was removed from insolvency register at same time

Foggy

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Post by Foggy » Sun Jan 22, 2017 12:27 pm
A 6 year arrangement will drop off as soon as the paperwork and formalities have been dealt with ( issue of the CC being foremost) -- allowing a few weeks for the relevant bodies to process it.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014

Lisa Thomas

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Post by Lisa Thomas » Mon Jan 23, 2017 12:43 pm
Some firms take up to 6 months to close an IVA so your record might not clear up until towards the end of 2018.
I'm a licensed IP with 16+ yrs at Neville & Co covering the South West area. I have a YouTube channel with advisory videos on here: https://www.youtube.com/channel/UCMPTTu ... Z5k9ZcC2MA http://www.nevilleco.co.uk 01752 786800 Lisa@nevilleco.co.uk
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