Post IVA Clean-up

[boznich80]

Hi All,

Following IVA entered in 2009 (yay), made a F+F settlement with completion certificate in September 2011.

Most creditors were good and following one or two letters they correctly updated my credit file as satisfied with no defaults following the day i went into my IVA.

Except one company Hilton Barclaycard, i have written letters and made numerous calls lasting an hour and they do not have a clue. They believe they can keep defaulting me every month for six years!! They also say that whilst my balance shows, its not really a balance. When really it show as satisfied via a partial settlement. This is only on the call credit file but know it is affecting my credit rating. I have been in contact with call credit/noddle and they say i need to speak to Hilton Barclay card.

Any clues as what to do next?

[Shining]

Hi, sorry I don't have personally but the knowledge of a lot of posters in respect of this issue is great and so it won't be long before someone answers.

TheMatrix is especially well versed and may be along at some point. x

[Ivoryfalcon]

They should mark your file as partially settled with the first default date on or before the date of acceptance of your IVA.

The defaulted account will show for six years from the date of the first default recorded, it really won't make much difference to you if they keep defaulting it due to the fact that your other defaults will show as well as your IVA for the six year term.

Regards

[kat68]

can someone clarify please, i thought defaults dropped off 6 years from the last default, hence why its important to ensure that creditors have not defaulted you after iva acceptance date?

[boznich80]

Thanks for all your input.

Given that i have now completed by IVA, I agree with kat68, they should stop defaulting me from date i entered the IVA (and follow what the other cc companies have done).

In fact really important for me as i work in the city and would make it much easier for me when applying for a job given the background check they will review my credit report. With the current state of my file it would look like i am still defaulting (which i am not) and still in a current default with a credit card and still owe them money - this would not bode well for me as my finances would appear not be in order (although my credit history is adverse whilst settled and in a good current state).


I would be in a much better position if i was marked as satisfied with a partial settlement and no further defaults issued after i entered the IVA (thus dropping off after six years of the agreement). 7 other creditors have agreed and dropped off the defaults prior to the IVA and also marked as satisfied.

Really would be handy if anyone has experienced a similar situation whereby the credit card company appear not to have a clue!! Should i take this to the information commissioner or ombudsman perhaps or just keep pressuring the cc company!!??

Ta!

[Niobe]

You have to make sure that creditors alter the date of default to the date of IVA acceptance or before.

Write to the date controller for each creditor and enclose a copy of the completion certificate and tell them to update their records.

[Ivoryfalcon]

Kat,

The record is removed from your credit file six years after the first default date recorded on the account.

Regards