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When are defaults wiped out?
cottonhead
Posts: 696 Forumite
I have a large default which is being managed by a debt management agency ( but not an IVA ). I went into the agreement 5 years ago.
Will the default be wiped 6 years after it actually defaulted or 6 years after the account is actually settled ?
I don't if I should enter a IVA or carry on as I am and the answer to the above will help to decide. Thanks.
Will the default be wiped 6 years after it actually defaulted or 6 years after the account is actually settled ?
I don't if I should enter a IVA or carry on as I am and the answer to the above will help to decide. Thanks.
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Comments
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6 years from the original default date.
Free/impartial debt advice: National Debtline | StepChange Debt Charity | Find your local CAB
IVA & fee charging DMP companies: Profits from misery, motivated ONLY by greed0 -
Its my understanding that it is six years from the date of the registration of the default.Quality is doing something right when no one is looking - Henry Ford
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