The crucial date is 6 years from the date of default, which SHOULD coincide with the date of the start of the IVA. At that date the defaulted account will drop off, however it is marked. It should happen automatically, but sometimes needs a little nudge.
Thank you Lisa. So at 6 years all defaults involved in the IVA should be gone. Is this a requirement under law or regulations? I have two debts in the IVA that were sold on and have more recent dates for the start of the default. Does it mean these will take longer to hit the 6 years or does the date of the IVA start + 6 years take precedence?
They should drop off at the start of the IVA - you need to contact the data controllers at the firms and tell them to remove the defaults back to the start 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
