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IVA and credit files
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In 2015 I had debts of £113,000 (mainly business)
I completed an IVA (with a final lump sum agreed by creditors)in 2019
The question is how long a credit card debt stays on my credit file .
6 years from when I started IVA or completion.
At the moment it says I’ve missed payments since January 2015 and in default
I completed an IVA (with a final lump sum agreed by creditors)in 2019
The question is how long a credit card debt stays on my credit file .
6 years from when I started IVA or completion.
At the moment it says I’ve missed payments since January 2015 and in default
0
Comments
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Hi,
Defaulted debt`s show on your credit file for 6 years.
The default date on all your debts included in the IVA should be no later than the date your arrangement started.
So if you entered insolvency in 2015, the defaults will all drop off sometime this year.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
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