My IVA was accepted on June 15th 2007. Most of the default dates are reported on or before this date. However, some banks will continue reporting until 31st August 2013 !!! In particular the Cooperative Bank intend to continue reporting until 31st March 2014 !!! In both instances, the period is well in excess of the 6 year or 72 month limit. My full and final IVA was completed on 31st August 2007. I was under the impression that the entry automatically falls of your credit report file after 6 years from the default date or the date that the IVA was accepted in court by my creditors. NOT the settlement date which will always be much later.
I am just glad PPI was not involved as I have been reading some of the horror stories on this forum about the long delays in receiving certificates of completion after the last payment has been made.
Many thanks to Mel and her team. I have not forgot the guidance and help you gave to me in one of my darkest hours.
When an IVA completes the creditors are obliged to stop defaulting and correct default dates to on or before the start date of the IVA. In fact they are supposed to stop defaulting at the start of the IVA, but many continue.
Many thanks for the tips and information. I will keep an eye on the situation and if necessary send out letters to my former creditors towards the end of June.
Hi there - and good to hear from you again. I remember dealing with your case quite well.
The defaults should drop off six years after your IVA was accepted. The trouble is that the credit referencing agencies are not good at dealing with IVAs and DMPs and often need reminding about how to show these properly. I would take this up with Equifax, Experian and Noddle directly.
