Have just checked my credit file. Although in IVA,

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s27

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Post by s27 » Sun Mar 15, 2009 3:13 pm
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Have just checked my credit file. Although in IVA, some creditors state "default - settled" other say "default - £xxxx".
I thought I read somewhere that they couldn't record as default if updated after a start of IVA?
Some were updated last month as "default - £xxxx". Namely RBS(Tesco), Egg and Max Recovery (Barclays).
Is this right?
Total debt listed is only 35% of all debt, all others have "default - satisfied".
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plasticdaft

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Post by plasticdaft » Sun Mar 15, 2009 3:58 pm
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The default dates cannot be after you IVA was approved.
Discharged today the 8th feb 2012. View is much brighter now.
Continuing to rebuild our credit worthiness.
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louiseh

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Post by louiseh » Sun Mar 15, 2009 4:11 pm
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I thought technically your creditors could default you on your credit file up until the debt is settled, ie end of IVA, although most don't bother.
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Breakdown

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Post by Breakdown » Sun Mar 15, 2009 4:21 pm
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I don't want to see my credit file! What's the point? I know it will be bad. I don't need it for at least 6 years, so I'll worry in 2015!!

Then I hope i won't need a credit check, cash is the future for me.

[:D][:D][:D]
Life is a rollercoaster, we just have to ride it!

iva approved. 5 down 55 to go
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Adam Davies

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Post by Adam Davies » Sun Mar 15, 2009 9:31 pm
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Hi
I think Louiseh is correct in that creditors are free to report the account as it is i;e in default.
Try to put your credit file to the back of your mind. Once your IVA is complete you can start to check entries and to have them adjusted

Regards
Andam Davies
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DebtProblem

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Post by DebtProblem » Mon Mar 16, 2009 2:22 pm
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Breakdown wrote:

cash is the future for me.

[:D][:D][:D]
Agree 100% with that.

"Cash Is King"

I've given credit the big "E" going into an IVA and I don't intend to obtain credit when I've completed it either.
Best Regards,

Trev

1st goal achieved: IVA accepted 10th March 2009

2nd goal: Debt free in year 2014!!
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kallis3

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Post by kallis3 » Mon Mar 16, 2009 2:23 pm
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Good for you!

I totally agree.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley.
http://kallis3.blogs.iva.co.uk
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