I entered into a 7 year IVA, how long will it show on my credit file?

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Fiona.42

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Post by Fiona.42 » Wed Jan 24, 2018 5:23 pm
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I entered into a 7 year IVA, I know that in most cases it is removed from your credit files 6 years from when the IVA started, will it be an additional year in my case?
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Foggy

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Post by Foggy » Wed Jan 24, 2018 5:26 pm
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It will stay on credit files until just after it is removed from the Insolvency Register, which will be three months after the issue of the completion certificate ( which in itself is about 3 months after the last payment ).
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
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Shaun Vickery

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Post by Shaun Vickery » Wed Jan 24, 2018 6:30 pm
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As Foggy says, it is different to other information such as County Court Judgements (CCJ's), defaults and other similar records.
Specialist Mortgage Advisers. Highly Commended at the British Mortgage Awards.

For individual, confidential mortgage advice see my details under the IVA Experts or go to http://clients.theselectpartnership.co.uk/
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Fiona.42

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Post by Fiona.42 » Wed Jan 24, 2018 6:36 pm
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When will it be removed from Insolvency Register? Is that 12 months from my last payment or when I get my completion certificate?
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Shaun Vickery

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Post by Shaun Vickery » Wed Jan 24, 2018 6:40 pm
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I believe it's normally around 3 months after your completion certificate, but I'm sure one of the other experts will be able to confirm.
Specialist Mortgage Advisers. Highly Commended at the British Mortgage Awards.

For individual, confidential mortgage advice see my details under the IVA Experts or go to http://clients.theselectpartnership.co.uk/
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Foggy

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Post by Foggy » Wed Jan 24, 2018 6:51 pm
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As I said .... you come off the Register three months after the completion certificate is issued.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
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Lisa Thomas

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Post by Lisa Thomas » Thu Jan 25, 2018 10:37 am
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as Foggy has said - you will come off the register within 3 months after receiving your CC. Keep the pressure on your IP to issue the CC quickly.
I'm a licensed IP with 16+ yrs at Neville & Co covering the South West area. I have a YouTube channel with advisory videos on here: https://www.youtube.com/channel/UCMPTTu ... Z5k9ZcC2MA http://www.nevilleco.co.uk 01752 786800 Lisa@nevilleco.co.uk
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