How long does IVA stay on Credit file?

bubblesqueak

I entered an IVA Aug 05 and did a full and final Dec 07. Does my IVA stay on my record for 6years from the start or 6 years from full and final????

trudij

Providing I havent been lied to (and it doesnt appear that way so far!!) its from the start. Its 6 years in total.

hope that helps!!

mistercovert

yes, the IVA is recorded on your file for 6 years from the start date. I came out of my IVA early after 3 years, but it will still be there until november this year.

Rob H

bubblesqueak

That's good news. Thanks,

onetomany

i no this sounds stupid but how do you come out of a iva early?

bubblesqueak

You do a "Full and Final Settlement" You have to have another creditors meeting and give them a proposal of a lump sump to either accept or decline as final settlement. My IVA supervisor suggested it.