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Oliver0913
Posts: 2 Newbie
Hi,
I’ve been working really hard to pay offa number of debts this year and have reduced my creditors from 13 to 5.
Today I paid off my penultimate default which still leaves me with a defaulted credit card of 2.2k. This particular debt is 6 years old from mid next year and although I have paid £600 off the last few months I want to ask what will happen when it becomes 6 years old in 2028?
I feel it would be better to pay off my up to date debts if this will clear from my credit file in a few months?
I’ve been working really hard to pay offa number of debts this year and have reduced my creditors from 13 to 5.
Today I paid off my penultimate default which still leaves me with a defaulted credit card of 2.2k. This particular debt is 6 years old from mid next year and although I have paid £600 off the last few months I want to ask what will happen when it becomes 6 years old in 2028?
I feel it would be better to pay off my up to date debts if this will clear from my credit file in a few months?
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Edit - *20180
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Hi,
Nothing will happen.
It may fall off your credit file, but the money is still owed.
It wont become statute barred then either, as you have made recent payments to it.I’m a Forum Ambassador and I support the Forum Team on the Debt free wannabe, Credit file and ratings, and Bankruptcy and living with it boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.For free non-judgemental debt advice, contact either Stepchange, National Debtline, or CitizensAdviceBureaux.Link to SOA Calculator- https://www.stoozing.com/soa.php The "provit letter" is here-https://forums.moneysavingexpert.com/discussion/2607247/letter-when-you-know-nothing-about-about-the-debt-aka-prove-it-letter0
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