Settled IVA Early


Newbie question here. I went into an IVA a few years ago, and settled it early thanks to a financial gift from my partner.

I had my certificate of completion issued 11 months ago.

I've read that the notification is on your credit file for six years, but on the IVA completed notification it says that it is only only your credit file for one year after you settled your IVA.

So does this mean my notification on my credit file should come off, or do I still have another two years until the six years are up?


  • Sonic101
    Sonic101 Forumite Posts: 151
    Tenth Anniversary 100 Posts Name Dropper Combo Breaker
    Hi there 

    information stays on your credit file for six years. So the IVA will ‘fall off’ six years after the day it started.
    In the meantime, as I understand it, the information might be updated to state that the IVA has been ‘settled’, but the IVA itself will still be visible (I’m not an expert but someone with more knowledge will be able to confirm or correct this). 

  • sourcrates
    sourcrates Forumite, Ambassador Posts: 28,036
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Sonic is 100% correct on this.

    In the UK, any debt solution, CCJ or default, stays visible for 6 years from the date it was entered into.
    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 [email protected]. 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- The "provit letter" is here-
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