IVA dropping off Credit File

[Irishrams]

Hi All,

I thought I had asked this question before but could not find the topic so will ask again.

My IVA completed its 6 years on 17th November but when I check my Experian and Equilfax reports they still list it on there.

Now I know it will not drop off straight away but it has been a month and I am wondering if it should have gone by now.

Also what is the process for it coming off so I know who to chase if needed. Is it the IVA company and my creditors who have registered defaults that need to update my credit agencies or is it the credit agencies who should update it?

Thank You in advance for any help

[Foggy]

Hi -- there is time yet, but you should be checking the default dates. There are guides here:

http://www.pjgrecovery.com/clean-up-credit-rating

And here:

http://www.beatmydebt.com/iva/improving ... er-iva.htm

[Irishrams]

Thanks for that.

I have checked the IVA date and both the default dates and all align and were due to finish there 6 years on 17th November.

Just want to make sure there is nothing I am supposed to do as I don't mind chasing to get these off my file

[Sensible77]

When I received my completion certificate the attached letter stated that it is not the IVA company's responsibility to notify credit reference agencies of the completion, so I'll be sorting mine out in the New Year.

[Hair_bobbles]

Have you checked to see if your name has dropped of the insolvency register?

[Irishrams]

Hi All,

Thanks for the responses.

I have had my completion certificate a few years back as completed the IVA with an early settlement 2 years into it. It has already dropped off the Insolvency Register a few years back which I have checked.

Since then I have had 2 of the Creditors register faults against me but had the wrong start dates so I sorted that so to date my IVA and both creditor defaults all have the same date.

My final situation now is the above date + 6 years was the 17th November 2013 so just over a month ago.

I am presuming that the Creditors and the IVA should automatically drop off file but it has been a month an the entries are still there. I am trying to find out if this is normal and if so how long does it actually take for them to drop off. Also is it automatic and at what point if they have not dropped off should I contact someone and who should that be to advised these entries need to be removed?

[Foggy]

I would send a copy of the completion certificate to each agency --- as even after 6 years the IVA will be considered "live" by them until they see this and will remain on file.

[Kelly O]

Credit reference agencies will run several hundred updates at one time, if you give them a call they often will update your file overnight

[brandysnaps]

I have found Equifax and Experian very good at updating items very quickly if asked. They will probably ask for your CC as proof. Certainly on Equifax you can upload a copy, and probably on Experian too. If you have a statutory £2 report, they treat you as a 'customer' and you get pretty good service. It'll be off in no time.

[kev59]

when asking for a £2 report, should I send a copy of my cc with it.
Any know the address I should send off too?

[Skippy]

You will also need to check and update Callcredit.

Kev59, the addresses are on the company websites - it takes a bit of searching but there is a link on each one for the statutory credit report.