www.iva.co.uk

Hi,

I am trying to clear my credit file after an IVA completion and am getting confused with default dates.

My IVA started June 2011 and completed May 2013. I have sent my completion certificate and all the creditors have updated the overall account details. They are each showing as satisfied with a default date of June 2011, which is correct.

However, when I look at the credit reference reports online, there is also a history of statuses by month, and these are showing as default right up to May 2013 and even July in a couple of cases.

As they have all acted and Coventry have specifically refused to change them, I'm wondering if I am wrong to expect these individual monthly statuses to be removed, when the general default date is correct (although I'm assuming 'date of default' means the most recent).

All I want is to ensure that as my report stands, everything will disappear in June 2017, ie 6 years from the START of my IVA. Is that the case or do I need to take further action?

Also, assuming the defaults are removed in 2017, will the accounts also be removed? As they are showing as ending May 2013, so does this mean the accounts (and their default or partly satisfied status) will stay on my files until May 2019?

Thanks.

Jon

Hi. As I understand it the monthly entries are merely status updates, i.e. you were in default last month, this month you are still in default. Once the IVA has completed these should, each month state satisfied or partially satisfied. The creditor might, at this stage simply stop reporting the status to the CRA each month.

The important date is the date of the actual default. When the 6th anniversary arrives the default, along with the updates will be removed.

I think once satisfied or partially satisfied the accounts are closed, the only changes then would be to correct errors

I doubt once balance is zero and satisfied/partially satisfied a creditor has anything to gain from reporting anymore

Martin

Hi Martin,
Foggy has given you the right advice, these will all clear 100% 6yrs from date of the default, don't worry about the status updates

I wasn't asking for any, jon was though!

Great, thanks for the clarification, think I'm all done then!