www.iva.co.uk

Hi,
I understood that if for example I had a balance of £5000 with a company at the start of the IVA, the who £5000 entry would be removed after completion (6 years).

I am being told now that this is removed gradually, so it would not actually be completely removed until 6 years from the final payment as the default is always like the minimum payment.

Can anyone clarify how this works please?

Hi,

All defaults should be removed back to the start of the IVA regardless of the date it finishes.

As per your other thread, have a read here:

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