I know from my IP that creditors by law have to let me know under the CCA if they are registering a default but a month after my approval, Santander are continuing to register defaults against me, I have had 3 letters in the last 2 days, I thought that once an IVA was in place that they couldn't continue to default me? Can anyone clarify?
They can continue to default you lem. Once your IVA is completed you can then start to clean up your files. The creditors do it so that if your IVA fails the defaults are already there!
Once you have completed then you can write to the creditors and tell them to remove the defaults. One of my creditors has been defaulting me every month since I started.
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
Some creditors will default every year even after IVA but it's nothing to worry about as they are legally obliged to remove then once IVA completed and back to the date IVA was accepted. It's nothing to worry about as it can all be tidied up at the end of your IVA,
ah ok then, the sneaky burstards lol!!!, well santander are sending them monthly to me, and they couldn't even be bothered to vote lol!, well yes I guess I will have a lot of credit file hoovering to do at the end, thanks guys x
It's something that doesn't bother me particularly either. Once I've completed will be time to tackle the creditors!
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
Never mind Lem - at least you've got loads of scrap paper through the post. We use ours for lighting fires, scribbling lists, cleaning the parrot cage, etc etc!!!
Don't worry, my creditors defaulted my accounts up to 4 months after the IVA had started, I then wrote to them once the IVA had completed and now all removed!! Hurrah!
I intend to have a good celebration when I've finished - it might just be me and hubby though!
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
