Defaults - 6 years or 7???

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karolina1
karolina1 Posts: 29 Forumite
in Debt-free wannabe
I always thought defaults only stayed on your credit file for 6 years, but now somebody is telling me mortgage lenders look as far back as 7! Help! I was convinced I'd be able to finally buy a house in the New Year!

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  • obay
    obay Posts: 570 Forumite
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    6 years then they drop off your file.
    [STRIKE]1/12/16 - £152,599.00 [/STRIKE]
    [STRIKE]11/11/17 - £145,990.00 [/STRIKE] <> Overpaid £3916.
    11/11/18 - £142,074.00
    Barclays Car (5.99%)£0/£8,832.37
  • Curr946
    Curr946 Posts: 525 Forumite
    First Anniversary Combo Breaker
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    agree its 6 years...
    If you keep on doing what's you've always done, you'll keep on being what you've always been...:think:
  • Jinx
    Jinx Posts: 1,766 Forumite
    Debt-free and Proud!
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    6 years and credit files can be updated every 3 months or so, so 6 years, 3 months to be on the safe side?
    Light Bulb Moment - 11th Nov 2004 - Debt Free Day - 25th Mar 2011 :j
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