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Iva
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absjay95
Posts: 2 Newbie
Hi, I’ve been in an IVA for 4 years and have put in a letter to end it as I want to just get my debts paid off. They said it will go down as a failed IVA and it will be on my credit file for 6 years. Is the 6 years referring to when I started the IVA or 6 years from failing and ending it?
thanks
thanks
0
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The debts will show as defaulted for 6 years from the date of default or the start of your IVA.
The IVA will show in the public information section for 6 years from the date it started.
How do you intend to repay your debts now?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 -
With the debts being so old some of them have gone into administration and the debt has cleared, the amount left on the other debts is now manageable and works out as less than was left to pay on the IVA0
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