www.iva.co.uk

Morning folks

I've finished through a F&F in May and have just checked my noodle credit report.
My three loans are showing as closed and partially settled (these were the big ones) and I have four small credit cards still showing as open and being updated monthly and are in default. So my question being, will these be adventually updated and closed or will they still stay open and defaulted untill the six years is up?

Kind regards on a sunny Sunday morning

Hi. I am afraid it can go either way, depending upon how the creditors report to the agency but it isn't really of any great matter -- your score will be trashed while the IVA is on file and little else will alleviate that. At the 6th anniversary, however they are marked, the defaulted accounts will disappear. The main thing is to make sure they are defaulted and they show the default date as being on or before the IVA start date.

Have a read here:

https://www.iva.co.uk/what-does-an-iva- ... dit-record

Thanks foggy

Luckily all the defaults are pretty much around the same date bar a few days

wait until the 6 years is up - if they don't drop off then contact the creditors direct to update their records and get the defaults backdated to the start of the IVA.

https://youtu.be/PV4RzUY4BRM

Agree you will have to hang on - just keep an eye on things.