Defaults!!
ARGHHHHH!!!
I knew that creditors could if they wanted to issue a default notice after you started your IVA, even 4 years after, thus impairing your credit files even longer until the default then dropped off but certainly dont expect a default after you have concluded the IVA!!!
After we concluded the IVA early with a full and final settlement in September, we thought we would leave it a couple of months or so for the credit reference agencies to update hubbys files etc. Admitedly it is a little longer than a couple of months but yesterday we received notification of a change of activity on the files so I checked last night and found that Barclaycard have recorded a default as of 1 March 2008!!
Hubby owed Barclaycard £922 and just before the IVA started, the debt was sold on to Max Recovery. Max Recovery have also rightly reported on the files and registered a default dated 9 December 2005 - the start of our IVA and shows as now satisfied. I really dont understand why Barclaycard are reporting and why they have recorded a default notice and still show £922 as outstanding! I know that we will have to write to both Barclaycard and the credit agencies about it but why still report when the debt was sold on??!! I have posted on the forum so hopefully someone can advise whats the best way to go about this!
Just when we thought we had got ourselves on an even keel again!
