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Posted: Wed May 06, 2009 12:32 pm
by russie
Hi,
just viewed my Experian credit report and five of my creditors have submitted default dates that are after my IVA agreement date. I have read that this is not allowed. Is that right? (IVA completed and trying to clean-up my file).
Thanks.
Posted: Wed May 06, 2009 12:37 pm
by Max
I stand to be corrected but I think you have to write to the creditors and tell them to remove the defaults - they have to do so I believe.
Posted: Wed May 06, 2009 12:40 pm
by rayb
You are spot on elv5. They are not allowed to add defaults after the IVA is agreed
Posted: Wed May 06, 2009 12:43 pm
by Max
I've got questions for you now. My IVA was agreed yesterday - does that mean defaults after yesterday's date cannot now be added? Also, if defaults are added do they atuomatically drop off after a given length of time? THank you in anticipation!
Posted: Wed May 06, 2009 12:45 pm
by LoneRanger
Defaults added before the date of your meeting will drop off after 6 years, which will be before your IVA does anyway.
As you said above creditors now cant start adding defaults since your IVA has been agreed.
Posted: Wed May 06, 2009 12:47 pm
by Max
Thank you
Posted: Wed May 06, 2009 5:35 pm
by kallis3
Sorry to disagree Steve, but creditors do add defaults after your IVA has been agreed, even though they are not supposed to.
However, they shouldn't do it and once your IVA is finished you can write the creditors who have done so and tell them to remove the defaults.
No need to worry yet though.