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Posted: Fri May 01, 2015 9:41 am
by evesy
Hi guys. Could you tell me when I would expect my iva to fall off my credit report ? Is it when I first started my iva? (May) or when it was signed off as completed? (July) I'm confused as to which date is classed as the end of the 6th year??? Also will I see my rating increase slightly straight away??Many thanks in advance
Posted: Fri May 01, 2015 9:47 am
by plasticdaft
It should drop off roughly 6 years after it went on assuming its completed within that time.
Paul
Posted: Fri May 01, 2015 9:49 am
by Michael Peoples
The credit file should clear up six years after the IVA had been approved. Some defaults will be regstered earlier and sometimes later but this can be resolved.
Posted: Fri May 01, 2015 11:09 am
by Foggy
Good info here:
http://pjgrecovery.com/clean-up-credit-rating.asp
Credit rating will improve when the IVA and defaults drop off, but not much before that.