Received completion certificate after 2 years wait. When will our credit improve ?

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Mariella

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Joined: Sun Mar 24, 2013 9:24 am
Post by Mariella » Fri Jan 02, 2015 6:36 pm
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We finished our iva 2 year's ago but have only just got our completion certificate. When will our credit improve and do we have to tell the credit reference agency or is it automatically updated.
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Foggy

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Joined: Fri Dec 17, 2010 11:14 am
Location: United Kingdom
Post by Foggy » Fri Jan 02, 2015 6:59 pm
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Credit files will improve 6 years from the start of the IVA, or when the certificate is issued if that is longer.

Your IP will inform the Insolvency Service. Mine also informed the credit reference agencies, but I am not sure that all do.

Good background info here:

http://pjgrecovery.com/clean-up-credit-rating.asp
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
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