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    • Amy13
    • By Amy13 7th Dec 17, 10:34 PM
    • 36Posts
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    Amy13
    Default question
    • #1
    • 7th Dec 17, 10:34 PM
    Default question 7th Dec 17 at 10:34 PM
    After checking my credit report on Noddle, I now have a default on one of the accounts included in my DRO (presumably because of the DRO)

    When my DRO has finished next year, will the default show as satisfied? And then drop off my file after 6 years?

    It was 4 weeks ago today since my DRO was accepted, can't believe how fast that has gone!
Page 1
    • fermi
    • By fermi 7th Dec 17, 10:40 PM
    • 39,315 Posts
    • 47,137 Thanks
    fermi
    • #2
    • 7th Dec 17, 10:40 PM
    • #2
    • 7th Dec 17, 10:40 PM
    After checking my credit report on Noddle, I now have a default on one of the accounts included in my DRO (presumably because of the DRO)

    When my DRO has finished next year, will the default show as satisfied? And then drop off my file after 6 years?
    Originally posted by Amy13
    Yes, they should mark it as a satisfied default, which will then drop off 6 years from the original default date.
    I'm a Board Guide on the Debt-Free Wannabe, Bankruptcy, Credit Cards and Loans boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Any views are mine and not the official line of moneysavingexpert.com. Board guides are not moderators. If you spot an inappropriate or illegal post then please report it to forumteam@moneysavingexpert.com

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    • sourcrates
    • By sourcrates 7th Dec 17, 10:44 PM
    • 12,673 Posts
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    sourcrates
    • #3
    • 7th Dec 17, 10:44 PM
    • #3
    • 7th Dec 17, 10:44 PM
    After your monotorium period has ended, and your DRO successfully completed, you may find you have to prompt your creditors to update your credit file to show the debts as satisfied.

    They can drag their feet somewhat, and not all are aware of the correct reporting of a DRO debt after completion.
    I'm a Board Guide on the Debt-Free Wannabe, Credit File And Ratings, and
    Bankruptcy And Living With It, boards. "I volunteer to help get your forum questions answered and keep the forum running smoothly".
    Board guides are not moderators and don't read every post. If you spot an abusive or illegal post then please report it to forumteam@moneysavingexpert.com. Any views are mine and not the official line of MoneySavingExpert.com.

    For free debt advice, contact either : Stepchange, National Debtline, or, CAB.
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