IVA offer for partial & Final Accepted - What now?

nikkinoo75 Forumite Posts: 16
10 Posts First Anniversary
I have finalised my IVA with a final offer payment and have received the confirmation letter and certificate from my IVA company.
I understand that the IVA will remain on my credit file until the 6 year after I took it out but how do I get all the associated creditor accounts to be marked as settled and closed?  I thought that they would do this automatically but none of them have even acknowledged that it has been completed.  Any advice welcome
Thank you!


  • dayleb23
    dayleb23 Forumite Posts: 9
    First Post
    Hello, I have been reading posts on here for the past couple of days and though I haven't personally dealt with this situation myself (yet), I believe it can take a couple of months for the creditors to update your file, and im sure you can chase them up on it directly! 

    (I have also sent you a message regarding other information) 
  • molerat
    molerat Forumite Posts: 30,503
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    edited 2 July 2020 at 8:00PM
    Unlikely they will mark as settled but instead will mark as partially settled which means the debt is not paid off but no money is owed. https://www.stepchange.org/debt-info/settlement-offers-to-creditors.aspx

  • mwarby
    mwarby Forumite Posts: 2,044
    Part of the Furniture 1,000 Posts Name Dropper
    Personally unless there is a particular rush I’d leave it 3 months, then make contact through the complaints route for each company which hasn’t updated default date and balance. 

    Writing isn’t essential, web forms and email can work, I’d avoid phone however as difficult to get to right person and keep track

    keep hold of your completion certificate or a scan if it at least, you’ll need it for years to come 
  • nikkinoo75
    nikkinoo75 Forumite Posts: 16
    10 Posts First Anniversary
    Thank you all :) I will wait a little longer and then send letters if necessary.  I just know that once the monthly defaults stop as the accounts will be closed this will help improve my credit record.  Then a further improvement when IVA has finished Year 6 on my record.  Thank you!
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