IVA Completion Certificate

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Jessy07
Jessy07 Posts: 38 Forumite
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in IVA & DRO
When should you receive your IVA Completion Certificate? Our last payment was taken May 2017. There was no equity to release from our property. We were told we would have to wait 1 year?

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  • PrettyKittyKat
    PrettyKittyKat Posts: 1,270 Forumite
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    I think they 'should' be sent within 6 months. They tend to be the least priority of all reports, in my experience. Waiting a year is excessive and unfair! Have they said why it would take a year? Is there PPI being investigated maybe?

    If everything is done (payments, equity release check and extension if required, ppi investigations if done, all income reviews) then it isn't difficult for them to do the completion report.
  • Jessy07
    Jessy07 Posts: 38 Forumite
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    That's what they told my husband. I'm just so confused! Should we of had it by now?
  • sourcrates
    sourcrates Posts: 28,879 Ambassador
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    Jessy07 wrote: »
    That's what they told my husband. I'm just so confused! Should we of had it by now?


    I waited 14 months for mine, due to a non existent PPI claim, they thought there may of been.


    Don`t worry, it does not change anything, you are still discharged from all liability, when it eventually does arrive, you will be underwhelmed, trust me, its usually a single side of A4 paper, with your name on it, and about 10 words to say you've completed your IVA.


    Very grand indeed lol, not !!!
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  • Jessy07
    Jessy07 Posts: 38 Forumite
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    We now have received completion certificate. I have been checking my credit score and just would like to know does the IVA show on your credit score? I cant see it any where!
  • Willing2Learn
    Willing2Learn Posts: 6,294 Forumite
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    edited 16 September 2018 at 6:25PM
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    Jessy07 wrote: »
    We now have received completion certificate. I have been checking my credit score and just would like to know does the IVA show on your credit score? I cant see it any where!
    Do you mean, when does the IVA completion get marked on your credit file? If so, I *think* there will sometimes be a delay of 1-2 months from receiving your certificate, to when your credit files get updated.

    Keep checking your credit files to ensure all date is being correctly reported.

    Have a look at the DebtCamel article for more information:
    https://debtcamel.co.uk/repair-credit-record-iva/
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  • Craig1981
    Craig1981 Posts: 769 Forumite
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    Jessy07 wrote: »
    We now have received completion certificate. I have been checking my credit score and just would like to know does the IVA show on your credit score? I cant see it any where!

    i completed February 2016, certificate received March 2016, and IVA was removed around 2 months after its 6th year on file

    IVA marker will remain for 6 years from the start of the IVA, then it will drop off.
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