My situation post IVA - advice much needed please

[TheMatrix]

Also the IVA does not immediately drop of your credit file. From personal experience, we have had to write to Experian Credit enclosing the certificate and asking them to remove the IVA. 4 weeks later we got a letter saying they were going to write to the insolvency agency on our behalf, as they cannot remove the IVA without the Insolvency Agencies approval. This is despite us enclosing a copy of the completetion certificate. Our 6 year date was 12th July and the IVA is still showing. So don't expect it all just to fall off... you may have to put some work into clearing up your files.

If the original poster had the IVA marked as completed previously by the Insolvency Service then it would indeed drop off after 6 years.

This issue only occurs when you've not cleaned up your credit file before the 6 year mark, as the CRA has no way of knowing other than by asking the Insolvency Service if the IVA is going on more than 6 years.

[Firefox]

Hi,

If your parents are happy with the payment arrangement you have why would you want to take on an interest bearing loan to re finance a loan from family? Obviously I don't know your exact circumstances but If I were in your position with a good level of income I would steer well clear of any credit commitments. Don't put another millstone around your neck when you have just removed one.

Good luck