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Posted: Sun Nov 15, 2015 7:17 pm
by bobbydavro
My IVA has now being paid off early and i know it will drop off credit report after 6 years of inception along with the defaults from creditors. The IVA started on July 2013 however some of the default dates on some creditors says start date being 2010, does this mean these will drop off next year rather than waiting until another 3 years?
Posted: Sun Nov 15, 2015 7:20 pm
by kallis3
They should drop off after six years but do keep an eye on it in case the defaults come back on as has been known to happen.
Posted: Mon Nov 16, 2015 8:41 am
by Adam Davies
Hi
The defaults should drop off 2016 however as your IVA will not drop off until 2019 there will be little improvement in your credit rating and your ability to secure any new credit until 2019
Regards
Posted: Mon Nov 16, 2015 7:00 pm
by bobbydavro
Thanks guys its more clearing up than wanting more credit...so roll on 2019
Posted: Mon Nov 16, 2015 7:41 pm
by Shining
It soon passes so hopefully by then you'll have a lovely clean record - a good feeling.