www.iva.co.uk

Hi, I took out a full and final IVA in July 2012 and I got my certificate of completion last year. I have just checked my credit file on noodle and it's showing as 1/5. A bank account and credit card that were included in the IVA are registering as still open and marking defaults, every month. Some closed accounts included in the IVA are registered as defaulted but are not continuing to mark as defaulted every month. I really want to sort out my credit rating as I would like a mortgage or at least be able to contribute with a partner to a mortgage. Should defaults still be registering 1 year after the accounts have been paid off in an IVA? My understanding was that it took 6 years for things to disappear from your credit file but if they are continually marking me as defaulted it will never be clear. I am also wondering if there is any way I will be able to get a mortgage after an IVA or at least be able to contribute to a mortgage with my partner. Many thanks.

Hi. Before even looking at a mortgage you need to get your files at all three CRAs clear. Have a look here:

http://www.pjgrecovery.com/clean-up-credit-rating

Also -- to get the ground work started, have a word with either Ryan or Shaun, who have helped many posters get mortgages placed. Their details can be found here:

http://www.iva.co.uk/forum/forum_experts.asp

Scroll down the page until you see their details.

Any defaults registered against you should be dated no later than the date the IVA was approved - all defaults will stay on your credit file for 6 years.

Your IVA will also show on your credit file as completed for 6 years - follow the link that Foggy has posted and this will help you clear up your credit file