www.iva.co.uk

I made a settlement on my IVA which was agreed almost 2 years ago. Do I still need to wait the full 6 years before record of the IVA will disappear from my credit file?
Also, even though my settlement was agreed and the companies agreed to the reduced amount, all their defaults still appear on my credit file, even though their debts have been settled.
Frankly I wasn't impressed with Debt Free Direct and felt like they abandoned me once they had their money.

Yes the IVA will still remain on your credit file for the full 6 years since it was approved, you need to ensure the default dates were not applied after the date of approval of your IVA, any from before will also stay on your file but will drop off after 6 years

Agree - the IVA will remain on your record until six years have passed from the date of the original agreement.

You need to check with all three agencies to see if there were any defaults showing after the date of IVA acceptance. If so then you need to send the creditors a copy of the completion letter and tell them to remove those defaults.

Sorry i was a little confused by part of the response, as it suggests that once the IVA was in the place, the defaults should have been removed, is that correct?

I do have one default that was covered by my IVA that has a default date of 3 years later, do I just write to them to CORRECT it to my IVA date (which was Dec 2007), or actually remove it as you say.

Thank you for all your advice!

any that have been applied after the IVA was approved need to be removed, those that were applied beforehand won't be removed but will fall off in time

Down and Out, I have just been tidying up my credit file as my 6 years was 24 Nov 12.

Just to clarify:

a) An IVA will remain on your credit files for 6 years from the date it was approved. At the 6 year point it will automatically be removed providing it has been recorded by the Credit agencies that it has been settled/completed. Credit agencies normally get alerted that IVAs have been completed and amend the records however with mine Experian for some reason didn't but I have sent them my completion Certificate on their request and they have advised it will now be deleted within the next 7 days.
b) Defaults will remain on your file for 6 years from the default date. If you have been in an IVA all your debts should have been included therefore all defaults should be dated before or at the latest the date the IVA was agreed. This means that all you defaults and IVA should fall off your credit file at the same time. Some Creditors can, in error, report defaults after you IVA has been approved. It happened with me in regards to 4 Llyods TSB accounts. I wrote to Lloyds and requested that they changed the date on all of these to the 24 Nov 06 (legally they have to do this). They have 2 choices delete completely or change date, you will probably find they will change the date which is fine as it should drop off with you IVA record.
Hope this helps.