Help with default

Fizz_Bomb

Hi all, 

been a long while since I posted on here, I’m back looking for some help as you’ve always been so good in the past at advice and pointing in the right direction.

I took out an IVA in January 2017 and paid into it for 3 years before finding myself in a position to be able to offer and settle to figure in 2020 and the IVA was closed. Fast forward to 2023 and my IVA has (happily) dropped off my credit file which is wonderful. However. My partner and I are hoping to apply for a mortgage soon and our advisor today looked over our credit files and found that I have a default showing on my account from Barclay loan from January 2018. This loan was included in my IVA, however it shows the default from 2018 and then says the account was settled in 2020. Is there a way of having this removed? How can it show as defaulted from a year after it was included in the IVA, when none of the other accounts have done that? (And there was a few) 

grateful for any advice you can give…I am so disappointed this has come up and it’s making me wonder how much of an impact it’ll have on borrowing.

just to add, my credit score his recovering fairly well albeit slowly so the default isn’t having too much of a problem yet.

many thanks

sourcrates

It will drop off your file in 2024.

Any account included in an insolvency should show a default date no later than the start of the insolvency.

If it defaulted prior to the IVA, than that is perfectly OK.

Fizz_Bomb

Hi, when you say it should drop off 2024…that’s a year later than my IVA has dropped off? Am I right in thinking that’s six years? Thank you!