www.iva.co.uk

I started an IVA in 2006 and completed it with full and final settlement in July 2010. I received my certificate of completion from my IP dated November 2010. I have a few questions.

1. It is now 4 months since the date of my completion certificate, yet my name is still on the insolvency register. I used the "report error" button to contact on my insolvency register report to tell them the above. Do I need to do anything else and how long before it gets taken off now I have contacted them?

2.Yesterday I was invited by my bank to apply to upgrade my bank account from the very basic account I had during the IVA. The application was declined. Presumably, because I am still on the insolvency register?

3. How do I get a credit report without paying a fat fee and further damaging my score by doing so and should I wait until my name is off the insolvency register before I do?

4. How long will it be before the IVA drops off my record altogether?

Many thanks
Hopesprings

Hi May,

Get in touch with your IP company to make sure that they have informed the Insolvency Service that you have completed. It is down to them to do that.

I've answered about the credit record on your other thread and your IVA will drop off in 2012.

Agree with Kallis - But on previous threads it is also with remembering that you Banks also hold information about you - so even if the Credit report shows nothing, the Banks own records may show diffrent.

"key documents and information" must be kept until 5 years after the business relationship ends" (Money laundering regulations 1993,2003,2007)

You will not damage your score by asking for your own credit report. The cheapest way to get hold of your credit report is to request a copy under Section 7 of the Data Protection Act effectivly writing to the 3 CRA's enclosing a payment for £2 and asking for it.

The insolvency register and your credit file are two seperate entities, you should get your credit file now and get any inaccurate information amended. There are templates on this site, I put together a while back I will be using myself for this purpose.

inaiva wrote:

You will not damage your score by asking for your own credit report. The cheapest way to get hold of your credit report is to request a copy under Section 7 of the Data Protection Act effectivly writing to the 3 CRA's enclosing a payment for £2 and asking for it.

This can be done online too [:)]

Indeed and you can get it back electronically as well to save on the mountain of paper they will ultimately send you

Just be sure it's the cheap £2 option

Too true!

I believe that your details remain on the Insolvency Register for six years in spite of a F&F settlement.

Also the Insolvency Register has been in a mess and showing incorrect information for some months, and is only now being sorted out.

Your details appear on the register for 3 months after they have been informed of satisfactory completion - so if your IP has only informed them on the day you received your certificate of completion then it will be a further 3 months before it is removed.

Your IVA stays on your credit record for 6 years from the day it started.

CoverItAll wrote:

the Insolvency Register has been in a mess and showing incorrect information for some months, and is only now being sorted out.

That's no excuse, if it's wrong it should be withdrawn.

If you ever have to do a Self Assessment, try telling the tax man your tax receipts are a mess and see if you get away with it

Ton of bricks come to mind.

Hi May - the register is a mess. My address hasn't been updated since I moved Feb last year. Not that I care...but it does explain why I've escaped the ambulance chasers!! I would care if I was in your position. So start making a fuss...it's the squeaky wheel that gets the oil! x

First port of call will be the IP to make sure that they have contacted the Insolvency Service to remove the record.

It's about time the IS got their act together.

They wont update your address following a move Broke of London, it is the address where the debts occured and cannot be changed without a court order.

Good if you move, perhaps not so good if you're then moving into that property.

I quite agree though the IS need to get their act together

They update your address on the register if you are BR - mine was amended within days of me notifying the OR.

This is all very helpful advice and information.

Thank you all so much!