www.iva.co.uk

I cleared the remaining balance of my IVA last November and have only just received a certificate of satisfaction from my IP. I paid back 100% of what I originally owed because a job change meant that my gross salary jumped from £27K to £45K in year 2 of the IVA ( I was paying £700/Month as opposed to £250/Month for Year 2)and I was able to remortgage my property to pay off the remainder of the debt in Year 3.(NB:- This is not just clearing 20% of the whole debt as is usual for successful IVA's, but 100%).
Now I have the certificate, how am I able to update the Credit Reference Agencies that all recorded defaults for unsecured credit (6 Credit cards + 1 overdraft) are now satisfied - FULLY and not just via the usual 5 year end of IVA term(assumption that creditors only received a proportion of 20% of debt accrued)
How do I take my name off the IVA register? It's still showing that I have a current IVA! Also, how will this affect my getting a new mortgage in 2009?
I appreciate this is an unusual case, but it would be the same as someone receiving an inheritance part way through their IVA and being able to clear the whole debt and not having the 80% written off.
Many thanks

Hi Blackmarlin and welcome to the forum

Are you sure that your IVA has concluded, as if it is still showing on the register this suggests that the IP has not formally ceased to act yet. Just because you have paid your final payment, there may be other reasons why the IP cannot finalise his administration of your case.

I would not issue a Certificate of Due Completion until I was also ceasing to act, so perhaps there is just a timing issue in the updating of the Register. With regard to the credit scoring agencies you just need to send them a copy of the Certificate and ask them to update your file.