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  • FIRST POST
    • Autumn86
    • By Autumn86 1st May 12, 11:16 PM
    • 146Posts
    • 34Thanks
    Autumn86
    If you acknowledge debt within 6years but dont make payment, what'll show on Experian
    • #1
    • 1st May 12, 11:16 PM
    If you acknowledge debt within 6years but dont make payment, what'll show on Experian 1st May 12 at 11:16 PM
    I know that if you get a default on your credit record, but don't make any payment towards it for 6years then the debt automatically will no longer shows on your file after 6years from the date the default was registered on.

    I also know that if you contact the bank or debt collection agency within those 6years, acknowledging the debt, that it resets the statute-barred clock (in that the dca have 6years from that date to restart trying to chase you).

    However, even if you acknowledge the debt through letter, but don't actually make any payment towards the debt,
    will that default still be visible on your credit record after 6years from the date the default was registered??

    Or will it not be visible on your credit record, even though it is still chaseable?



    Thanks
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  • vax2002
    • #2
    • 1st May 12, 11:18 PM
    • #2
    • 1st May 12, 11:18 PM
    It is chase-able for ever more, statute barred is only a defence against court action.
    • Autumn86
    • By Autumn86 1st May 12, 11:23 PM
    • 146 Posts
    • 34 Thanks
    Autumn86
    • #3
    • 1st May 12, 11:23 PM
    • #3
    • 1st May 12, 11:23 PM
    It is chase-able for ever more, statute barred is only a defence against court action.
    Originally posted by vax2002

    Yes i know it will be enforceable for 6years after the date of last contact is made by the customer,
    however,
    will it also show on the credit file after 6years of the default being registered, just because the customer contacted the dca?
    • Gordon Hose
    • By Gordon Hose 2nd May 12, 8:42 AM
    • 6,061 Posts
    • 4,113 Thanks
    Gordon Hose
    • #4
    • 2nd May 12, 8:42 AM
    • #4
    • 2nd May 12, 8:42 AM
    If it has defaulted it will drop off after 6 years from the date of default whether it is paid or not.

    However, now that you've acknowledged the debt it gives them extra time to secure a CCJ, which means it'll never go SB.
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