Page 1 of 1
Posted: Fri Apr 17, 2015 1:45 pm
by thefsg
I took out an IVA with Melanie Giles back in 2009. Although it was settled early, the 6 years still needed to run but now I'm "clean" again.
For those on (or thinking of embarking on) this journey, there is something worthwhile at the end.
Cheers
TheFSG
Posted: Fri Apr 17, 2015 1:48 pm
by Foggy
Great post -- so THAT'S what it look like
Posted: Fri Apr 17, 2015 2:16 pm
by dand
Hi, and many congrats on the status!
Mine was settled and CC issued about a month ago (as I offered a F&F)
I have a couple of quick questions -
1) my IVA Came off my Experian record within 1 week of the CC being issued (Even though I still would have had 3 months to go until the 6 years was up from start date of the IVA) - yet ALL the original lenders are still showing on my report?
2) When do the lenders come off the credit report as ive read on Experian the following - "A defaulted account is one where you have not kept to a credit agreement. Even if you have paid it off, it will not move to the settled accounts section, as it was not successfully settled within the terms of the original agreement. However, once repaid, a defaulted account should show a balance of zero."
How will this then affect the report as mine is saying that a negative for me is because I have "Several defaulted accounts" all of which were in the IVA?
Help please! Thanks
Posted: Fri Apr 17, 2015 2:31 pm
by Foggy
The defaulted accounts will drop off 6 years from the original default date -- this should be on or about the start of the IVA. Sometimes you will need to step in and get these dates corrected. Have a look here for guidance:
http://pjgrecovery.com/clean-up-credit-rating.asp
Posted: Fri Apr 17, 2015 3:08 pm
by MrsR
Great news Thefsg!
Enjoy your debt free future
Posted: Fri Apr 17, 2015 7:25 pm
by Slowlygoingunder
Fantastic
well done , enjoy your debt freedom
Posted: Sat Apr 18, 2015 9:16 am
by Adam Davies
Hi
Well done !!
Good post
Regards
Posted: Sat Apr 18, 2015 10:49 am
by Radish
Well done - enjoy your debt free future
Posted: Sat Apr 18, 2015 10:55 am
by dand
font size="1" face="Verdana, Arial, Helvetica">quote:<hr height="1" noshade>Originally posted by Foggy
The defaulted accounts will drop off 6 years from the original default date -- this should be on or about the start of the IVA. Sometimes you will need to step in and get these dates corrected. Have a look here for guidance:
http://pjgrecovery.com/clean-up-credit-rating.asp
Cheers Foggy - ill keep my eye on them when the 6 yrs is up
Posted: Sat Apr 18, 2015 8:45 pm
by plasticdaft
Well done
Paul