It was the first I had heard about it. I'm not likely to want or need credit once I've finished.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
Jan, was also told that an IVA automatically drops off after six years from date of meeting. CCJs six years after entry and defaults six years after entry. Is that your understanding please? If that is correct surely it would be best to leave the credit files alone and wait until they drop off.
You may find sometimes though that creditors will default your account after your IVA has started. You need to write to them once it has finished and ask them to remove the default as they should not put it on.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
I know one of my creditors have defaulted me well after the IVA was approved.
I've seen the file on http://www.annualcreditreport.co.uk/ If it is still there 6 years after the date my IVA was approved I will certainly be using those set of letters above as I know I've not had a letter from my creditors to say they were doing that.
In fact I will do that just as soon as I get the completion certificate as the process can take several months!
We're willing to wipe the slate clean, give you a fresh start. All that we're asking in return is your cooperation.
But would you like to change your mobile phone and go with another service provider, change your internet provider, get a credit gas or electricity meter installed, looking to move house rent someplace else.
A clean credit file is so important even when you don't want any further credit as such
We're willing to wipe the slate clean, give you a fresh start. All that we're asking in return is your cooperation.
I agree this is what should happen, however some creditors have been known to put defaults on your file after the IVA was approved, one was added 12 months after the approval date on mine.
Therefore it will be 7 years from the date of my IVA before that gets removed UNLESS I DO SOMETHING ABOUT IT.
We're willing to wipe the slate clean, give you a fresh start. All that we're asking in return is your cooperation.
They cannot add defaults after the date of IVA approval, so once your IVA is completed, they have to remove it.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
In short Paul, no. If you lived where I live you would not want to move either- views of the sea, fileds opposite on which noone can ever build (National Trust land) Got a good deal on gas and elec and also phone - mobile and land. Credit - you can keep it - am with Jan all the way on that one.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
I will probably have a credit card again,and car finance,but I will be in control of things,because I have learnt my lesson the hard way. Its impossible to say you will never need credit again and I can understand if some people choose to never sign a credit agreement ever again.
Discharged today the 8th feb 2012. View is much brighter now.
Continuing to rebuild our credit worthiness.
I would never say that I would never have credit again. I know that I will need a new car in the future, and I definitely want to change my mobile phone.
I used to have 8 credit cards in my wallet with a combined credit limit of about £70k,those days are long gone. Just the one(perhaps even settle for a prepay card rather than a credit card,when they stop ripping folk off,and charging you to put money in and take money out).
Discharged today the 8th feb 2012. View is much brighter now.
Continuing to rebuild our credit worthiness.
