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Default notices updates.
jbr666
Posts: 5 Forumite
I know that a default notice stays on your record for 6 years. My creditexpert from Experian says that it will drop off after this time irrespective of whether it is paid or not. Recently, I had a call from an IVA company, they told me that this information stays on your record if the creditor in question contacts you once a year. Is this correct?? I had CCJ's and defaults when I was very young, I never settled any of them and none of them now appear on my record....
I am steeling myself for a wave of retrobution here, but..... why go into IVA or make any effort to clear debts at all if they just default then dissappear after 6 yrs??
I am steeling myself for a wave of retrobution here, but..... why go into IVA or make any effort to clear debts at all if they just default then dissappear after 6 yrs??
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Comments
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They do not just dissappear; debts for which there is no CCJ become statute-bared after 6 years, which means the debt exists but the only defence you need if they try to take you to court is that the debt is statute barred. So they cannot collect the debt or do anything to affect your credit record.
Even if they have a CCJ, after 6 years they need the courts' permission to open a case against you.
I suggest that you report this mob to both trading Standards and the OFT. if they contact you agsin, tell them you have taken advice and have been told to record any further sales patter to support a complaint to the OFT. They will ring off fast.If you've have not made a mistake, you've made nothing0 -
LOL, the IVA company were easy to deal with, once I found out that I could get the same service from CCCS. I just told the salesperson that and she gave up pretty fast.
What I am really curious about though is this thing about the information dropping off ones report... If the creditor continues to make contact or update the file, will it stay on there? The creditors I owed money to from way back don't appear on my report, there was a Barclaycard at £2K, an Ulsterbank loan at £2K, as well as a few others.
Since I have a credit card and a Bank account, I don't wish to buy a house or car on finance, why shouldn't I just wait it out? No disrespect to all the ppl on here who are making huge sacrifices to clear themselves....0 -
An account stays on your credit report for 6 years after it has been closed. If the account isn't closed then it will remain on your file.After falling off the gambling wagon (twice): £33,600 (24,000+ 9,600) - Original CC Debt: £7,885.91
Dad Gift 6k ¦ Savings & Inv Tst: £2,500
Loan 10k: £0 ¦ Dad 5.5k: £2,270 ¦ LTSB: £0 ¦ RBS: £0 ¦ Virgin £0 ¦ Egg £0
Total Owed: £2,270 (+6k) 11/08/20110
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