www.iva.co.uk

Hi all,
Hope everyone is well.
My IVA was due to finish in February 2010 and I actually completed it in June 2009 by F&F Settlement so I am coming up to the automatic cleansing of my credit file stage.
I have been keeping an eye on it and I have 3 accounts on there that I use now which are fine, current account, joint cash card account for bills only and my Vanquis card (low limit) to aid building the rating back up.
All the other listed accounts are the ones I defaulted on and they all state default or settled or satisified. All except one a Barclays Masterloan which the status shows 1 late payment and then the colour key shows 1 late payment and the rest are green and still shows a balance outstanding. Does this mean they have not updated it to default do you think. It says file updated to march 2005 so I am guessing thats it. For it to drop off after the 6 years, do I need to contact them to update it as defaulted in Febr 2005 when the IVA became live and then it will drop off this Feb coming? Otherwise I will be stuck with it on there as its not been updated for 5 years and is not a settled account??
Please help
Thanks
Lewis

Hi Lewis
I think the Masterloan account will automatically fall off your credit report in March 2011 so I would just wait until then. You should just have your three active accounts on your credit file after that date.
Regards

Thanks for your reply.
Lewis

Hi again Andy,
Just a thought as this Masterloan doesnt say default or settled or anything, there wont be a date for the 6 years to got from will there? The last date the file was updated was in 2005.
I could e-mail a screen dump of the actual info if it would help put my mind at rest? The only reason i am bothered about it is it was one of my highest debts at the time.
Cheers
Lewis

Hi
Details of the account will fall off your record six years from last update, March 2005, so will come off March 2011
Regards

Thanks Andy, my mind is at rest now.