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1 Year into IVA
JDOG1982
Posts: 34 Forumite
Hi All
Just a quick question, I am 1 year into an IVA at present and my IVA payments are to last for 6 years in total. I know IVA's mostly last 5 years and then drop off your credit file after 6 years. My creditors wanted an extra year due to the amount I owed. So my question is when my IVA payments finish after the 6 years will that be it or will I have to wait till the 7th year for it to be off my credit file?
Many thanks
Just a quick question, I am 1 year into an IVA at present and my IVA payments are to last for 6 years in total. I know IVA's mostly last 5 years and then drop off your credit file after 6 years. My creditors wanted an extra year due to the amount I owed. So my question is when my IVA payments finish after the 6 years will that be it or will I have to wait till the 7th year for it to be off my credit file?
Many thanks
0
Comments
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Hi All
Just a quick question, I am 1 year into an IVA at present and my IVA payments are to last for 6 years in total. I know IVA's mostly last 5 years and then drop off your credit file after 6 years. My creditors wanted an extra year due to the amount I owed. So my question is when my IVA payments finish after the 6 years will that be it or will I have to wait till the 7th year for it to be off my credit file?
Many thanks
Hi,
It will be off your file and gone 6 years from the start date.I’m a Forum Ambassador and I support the Forum Team on the Debt free wannabe, Credit file and ratings, and Bankruptcy and living with it boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.For free non-judgemental debt advice, contact either Stepchange, National Debtline, or CitizensAdviceBureaux.Link to SOA Calculator- https://www.stoozing.com/soa.php The "provit letter" is here-https://forums.moneysavingexpert.com/discussion/2607247/letter-when-you-know-nothing-about-about-the-debt-aka-prove-it-letter0 -
sourcrates wrote: »Hi,
It will be off your file and gone 6 years from the start date.
Oh that's great, for some reason I thought it might of stayed on for another year after the final payment.0
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