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Posted: Wed Jan 04, 2012 3:07 pm
by Jason.4
My iva has been completed, I received my certificate which was on the 12th december and my name is now of the insolvency register.
How long does it take the defaults to become satisfied
Posted: Wed Jan 04, 2012 3:28 pm
by MRBLUESKY
hi Jason welcome to the forum,congratulations on completing your iva,after 6 years from the start of your iva all your defaults should drop off.
Posted: Wed Jan 04, 2012 3:52 pm
by ginger3232
May be worth checking all three credit reports - to ensure all defaults are dated on or before the the IVA start date - or they wont drop off automatically if they dated later that the IVA start (some companies place defaults all the way through the IVA)
Posted: Thu Jan 05, 2012 11:33 am
by molly16
hi, we recieved our cert on 11 dec. i wrote to all 3 CRA and as of today my iva has disappeared from there too !!!! i sent them copy of cert and covering letter. everything else now seems to be done , so heres to a debt free future. well done on completing.
x
Posted: Thu Jan 05, 2012 1:29 pm
by Firefox
Well done brilliant news to start the new year for you!
Posted: Thu Jan 05, 2012 1:59 pm
by kazzafunk
Fab news! Well done.
Posted: Thu Jan 05, 2012 3:28 pm
by luluj
Hi - once your certificate is received and you are removed from the insolvency register, your creditors will slowly begin to update your credit records and will annotate the entries as satisfied and shoudl zero the remaining balance......
the defaults will stay on your file for 6 years from the date they were entered - if any were entered after the IVA commenced then those creditors should be asked to amend them to the IVA start date.
Posted: Thu Jan 05, 2012 4:03 pm
by kallis3
It actually can be added but once the IVA is completed then it needs to be removed.
I think they do it just in case you default on the IVA so they are already in place.