How long does IVA stay on Credit file?

bubblesqueak
bubblesqueak Posts: 19 Forumite
in IVA & DRO
I entered an IVA Aug 05 and did a full and final Dec 07. Does my IVA stay on my record for 6years from the start or 6 years from full and final????

Comments

  • trudij
    trudij Posts: 1,905 Forumite
    First Anniversary Combo Breaker
    Providing I havent been lied to (and it doesnt appear that way so far!!) its from the start. Its 6 years in total.

    hope that helps!!
    Do not meddle in the affairs of dragons, for you are crunchy and taste good with ketchup
  • mistercovert
    mistercovert Posts: 42 Forumite
    yes, the IVA is recorded on your file for 6 years from the start date. I came out of my IVA early after 3 years, but it will still be there until november this year.

    Rob H
  • bubblesqueak
    bubblesqueak Posts: 19 Forumite
    That's good news. Thanks,
  • onetomany
    onetomany Posts: 2,170 Forumite
    i no this sounds stupid but how do you come out of a iva early?
  • bubblesqueak
    bubblesqueak Posts: 19 Forumite
    You do a "Full and Final Settlement" You have to have another creditors meeting and give them a proposal of a lump sump to either accept or decline as final settlement. My IVA supervisor suggested it.
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