Finally received my certificate of completion of my IVA. It was completed in October of last year but I gave an extra payment in November which was refunded to me. It has taken Mazars until now to finally sort it.
Does it normally take this long??
I paid in £23,100 over the 5 years on debts that totalled £23,301. Only down point is £8,000 to Mazars.
Apparently all creditors get sent this certificate. Do I need to do anything in regards to cleaning my credit file. I am aware it stays on your file for 6 years, a few of my creditors defaulted my over 6 years now, should these be removed from my file now or do I need to contact them to ensure this is done?
Not sure what happened but I am all paid up and finished...they even owe me money now ))
Just make sure that there are no defaults registered after the date of the IVA.
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
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
What is the cheapest/easiest way to look at credit file. This credit expert charges a monthly fee, and apparently it is a nightmare to get out of the free trail period and also you can only do it once.
Any other cheap options out there??
Not sure what happened but I am all paid up and finished...they even owe me money now ))
Got a total of 7 accounts
2 creditors say settled and satisfied in April/August 2004. Does this mean they fall off April/August 2010??
1 says defaulted June 2004
1 says defaults May 2004
Will these fall off in May/June 2010??
The others are phone contracts, bank accounts which are all still going well
Not sure what happened but I am all paid up and finished...they even owe me money now ))
£14? CRA's have a obligation to send your credit file within 7 working days of writing to them if you send them £2. There are 3 of them and all 3 could report differently so need to check them all.
We're willing to wipe the slate clean, give you a fresh start. All that we're asking in return is your cooperation.
Hi
Obtaining your credit score is different to obtaining your credit file.
Inaiva is correct in that you must check all three, experian is the main one and most comprehensive, in my opinion
Regards
He's also right that to check your credit record will only cost you a couple of pounds a time, not £14.
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
Different lenders will "score" differently based on what you put down on a application form.
They all have their own lending criteria.
I guess the main one will be what they find on your credit file, with the CRA that they use.
As such this is where you should start to clear up your credit file.
You'll need to obtain 2 reports from each CRA, one at the start of the process, the other to check everything has been updated at the end.
You can also check after the 6 year anniversery of the latest default date, which if you do it properly will be the day your IVA agreement was approved at the creditors meeting.
I would suggest that all letters to creditors and cra's are sent "recorded delivery" as proof that they received the letters on a given day.
The Information Commissioner gives creditors 28 days to reply to your letter to update your credit file, and if they disagree they have to tell you why.
If they don't reply write to the Information Commissioner, who will take around 3 months to adjudicate - He is very busy!!
But end result will be your default dates will coincide with the date of your IVA Approval. Which is good news cause in 6 years from that date it will be as though you never had a default or a IVA.
No record of it anywhere, so free to turn over a new leaf.
We're willing to wipe the slate clean, give you a fresh start. All that we're asking in return is your cooperation.
))
