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If you acknowledge debt within 6years but dont make payment, what'll show on Experian
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Autumn86
Old 01-05-2012, 11:16 PM
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Question If you acknowledge debt within 6years but dont make payment, what'll show on Experian

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?



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# 2
vax2002
Old 01-05-2012, 11:18 PM
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It is chase-able for ever more, statute barred is only a defence against court action.
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# 3
Autumn86
Old 01-05-2012, 11:23 PM
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Quote:
Originally Posted by vax2002 View Post
It is chase-able for ever more, statute barred is only a defence against court action.

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?
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Gordon Hose
Old 02-05-2012, 8:42 AM
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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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