Cleaning up after IVA

[ConcreteDonkey]

Hi all

I have a couple of questions about cleaning up my credit file after my IVA.

There are a couple of accounts which on my credit file show as having 3 missed payments and the last updated date shown as 6 months after my IVA started. They don't say defaulted, just that I'm late.

My question is - how should I deal with these? Should I write to these creditors and tell them the accounts should have been defaulted or closed or what?

I've also got a Barclays credit card which is part of the IVA but it's all green and shows as "Satisfactory" but with small payments every 3 months. Should I keep this one or is the 3-monthly payment an obvious result of being in an IVA?

Thanks in advance.

[ConcreteDonkey]

Anyone?

[hubert]

Has your IVA concluded?

I think that accounts included in the IVA should be marked as Default but if they are not then I'd be tempted to let sleeping dogs lie, certainly for Barclays.

The other one showing a late payment, perhaps that ought to be marked as Settled after an IVA.

Have you got a completion certificate?

[ConcreteDonkey]

Hi

Not yet, the official end date is next week.

I'm just keen to get things cleaned up asap.

Cheers

[ConcreteDonkey]

Is it not the case that ANY debt included in an IVA should be marked as defaulted at the start of the IVA?

[Jethro]

Mine is marked with the correct default date but the monthly reds keep going on.
It is my intention to ask them if it can be marked as settled in the hope it looks a little better on the file.
I know it doesn't mean a lot in reality but it does to me...lol

[ConcreteDonkey]

I'm really surprised at the lack of advice on this - have I made a mistake in thinking this is the correct forum for post IVA advice?

It's really important to me to rebuild my life after this so if anyone can point in the right direction for advice on cleaning up my file I would appreciate it.

[Michael Peoples]

I am sorry but I cannot help. I have 16 years insolvency experience and can advise on all aspects of debt but I have no idea how to clean up a credit file. As far as we are aware everything stays for 6 years and then falls off but other than that I have no idea.

[Til]

We had a couple of accounts on ours that had the wrong default dates. We wrote to the data controller for each one enclosing a copy of our CC and asking them to correct the default date to the day our IVA was approved. They both did this easily and within a couple of weeks and our credit file improved greatly afterwards. Good luck

[Til]

For what it's worth 'settled' debts will move to the closed section of your credit file and will remain there until 6 years is past. These may still cause problems until they drop off as 'settled' is not quite the same as 'paid' sometimes.

[Sharon.10]

After 6 years everything should drop off if it doesn't you need to contact any creditors with wrong information on your credit file like incorrect dates defaults.

[darth_ivader]

I too have this situation where although the loan shows as settled, only late repayments are showing with no default date. this item is now more than 6 years old, but has not disappeared from my report.
I believe this is because of the missing default date. I have written to the company asking for this to be rectified and will advise this forum when I hear back.

[ConcreteDonkey]

Thanks

Does anyone know if bank accounts that where included in the IVA should/can be marked as defaulted?

Seems daft as I only had a few hundred pound overdraft but it looks awful on a credit report.

[darth_ivader]

Yes,
My Barclays current account was marked as defaulted

[Til]

Yes as far as I know every account will show as default unless you are lucky and they forget you. Even small debts will show and cause credit file problems.