Search found 11 matches

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by PeterRadcliffe
Wed Jul 24, 2019 7:08 am
Forum: Complaints procedure
Topic: Credit file updating
Replies: 10
Views: 6808

You can probably count on it happening at most once a month, or at least every 45 days, but the exact date varies by lender. don't require that all lenders submit their information by a certain time each month.
by PeterRadcliffe
Mon Jul 22, 2019 9:40 am
Forum: Complaints procedure
Topic: Credit file clean up
Replies: 6
Views: 9473

You can pay your creditors to delete charged-off credit cards, delinquent accounts, unpaid bills and any other negative entry from your credit file.
by PeterRadcliffe
Thu Jul 18, 2019 10:17 am
Forum: credit
Topic: credit rating after the IVA has finished
Replies: 5
Views: 20451

I'd recommend that you access your credit report via all three agencies. Your IVA will stay on your credit file for six years from the day it started. So, if your IVA was five years longer then the record of it will only stay on for a further 12 months after the IVA ends.
by PeterRadcliffe
Tue Jul 16, 2019 11:10 am
Forum: credit
Topic: What is the best way to check my credit rating?
Replies: 9
Views: 23481

Visit a free credit scoring website. Numerous websites offer free credit scores; just pay attention to the terms before you sign up. Some free sites offer educational scores that aim to give you an understanding of how you're doing credit-wise
by PeterRadcliffe
Fri Jul 12, 2019 5:42 am
Forum: credit
Topic: credit file clear after 6 or 7 years ?
Replies: 4
Views: 20485

Your IVA will stay on your credit file for six years from the day it started. So if your IVA was five years longer then the record of it will only stay on for a further 12 months after the IVA ends.
by PeterRadcliffe
Wed Jul 10, 2019 6:34 am
Forum: credit
Topic: 6 years from start, or finish...?
Replies: 14
Views: 21978

it is six years from the date of approval. although there is no set length written into the Insolvency Act 1986. In some circumstances, if you can offer your creditors a lump sum in settlement of your debts.
by PeterRadcliffe
Tue Jul 09, 2019 7:17 am
Forum: credit
Topic: Credit Score is high but in IVA
Replies: 7
Views: 22752

An IVA will affect your credit rating as it will stay on your credit file for six years after the date of commencement. If you finish your IVA early, it’ll still appear on your credit file for six years. you may struggle to take out further credit while it’s still on your credit file. your creditors...
by PeterRadcliffe
Mon Jul 08, 2019 10:35 am
Forum: credit
Topic: credit rating after the IVA has finished
Replies: 5
Views: 20451

I’d recommend that you access your credit report via all three agencies. You can get a one-off 'statutory credit report' from each of them online, or by post, for just £2.So if your IVA was five years long then the record of it will only stay on for a further 12 months after the IVA ends.
by PeterRadcliffe
Thu Jul 04, 2019 6:54 am
Forum: Ask IVA Forum and Industry experts
Topic: Can I add debts into my IVA?
Replies: 2
Views: 2791

If you forget to include a debt in your IVA, it may be possible to add it later. If the debt is less than 10% of the total already included your Insolvency Practitioner (IP) should simply be able to add it. However, if the forgotten debt is larger than 10% a formal variation of the Arrangement will ...
by PeterRadcliffe
Mon Jul 01, 2019 6:36 am
Forum: Ask IVA Forum and Industry experts
Topic: IVA Early exit loan
Replies: 5
Views: 5636

You will need to offer your creditors a lump sum as a one-off payment and agree that no more monthly payments are required. They will then accept this as settling the debt and the IVA will be closed. If you want to pay off your IVA early, then you need to first suggest this solution to your IP (inso...
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