Understanding my credit file

dagsky

Hey guys, i hope you can help me understand my credit file! I have obtained my credit file from Equifax and there are some defaults on it and there are some ccjs. Ok lets start with the defaults 1st:

Company Name / Insight Account NumberAccount TypeTermsStart BalanceCurrent Balance Lloyds Tsb Current Accounts (I) / XXXXXXXXXX7768Current Account0 @ £ 0 (Monthly) £ 0 £ 818 StatusCredit LimitDate UpdatedStart DateDate Last DelinquentDate SatisfiedDefault DateDefault / Delinquent Balance Defaulted £ 025/05/200601/06/200411/04 18/11/2004 £ 818

2nd

Company Name / Insight Account NumberAccount TypeTermsStart BalanceCurrent Balance Aktiv Kapital (Fntf) (I) / XXXXX8156Bank Default0 @ £ 0 (Monthly) £ 0 £ 1,250 StatusCredit LimitDate UpdatedStart DateDate Last DelinquentDate SatisfiedDefault DateDefault / Delinquent Balance Defaulted £ 005/08/200802/01/200111/04 18/11/2004 £ 1,251

3rd

Company Name / Insight Account NumberAccount TypeTermsStart BalanceCurrent Balance Lowell Portfolio 1 Ltd (I) / XXXXXXXXXXXX3905Credit Card0 @ £ 0 (Monthly) £ 0 £ 315 StatusCredit LimitDate UpdatedStart DateDate Last DelinquentDate SatisfiedDefault DateDefault / Delinquent Balance Defaulted £ 030/10/200819/05/200411/04 30/11/2004 £ 315
4th

Company Name / Insight Account NumberAccount TypeTermsStart BalanceCurrent Balance Lloyds Tsb Personal Loans (I) / XXXXXXXX6542Loan24 @ £ 84 (Monthly) £ 0 £ 0 StatusCredit LimitDate UpdatedStart DateDate Last DelinquentDate SatisfiedDefault DateDefault / Delinquent Balance Settled £ 016/10/200630/08/2002 16/11/2004 £ 0

Since all these accs were in defalut from 2004 do they disappear in 11/2010?

I then have 2 ccjs against me as well:

1st - Northampton Bulk Center - £198 07/02/2006
2nd - As above - £1109 - 21/10/2004

Donedoingdebt

Yes, the defaults should drop completely off your file, along with all details of the accounts in question, 6 years (11/2010) after the default date, whether they're settled or not.
You should give the CRA up to a month after they're due to drop off to update their records.
I believe it's the same criteria for the CCJs, although I'm not 100% certain of this.

Katy_M_2

Donedoingdebt wrote: »

I believe it's the same criteria for the CCJs, although I'm not 100% certain of this.

yes it is 6 years for CCJs too x

dagsky

is it worth my while trying to sort out those ccjs and defaults now? I mean i have one year left to go until they sort themselves out and don't really want to stir the hornets nest if i don't have to! I really don't have the means to deal with the defaults just yet nor the ccjs...

Katy_M_2

Personally, if they are going to disappear in a year and you are not being hassled about them, I would leave it. Like you said, you may just be stirring up trouble for yourself that you cannot deal with anyway.

Obviously it means that you may find it harder to obtain new credit until these have gone, but if you can't afford to sort these out at the moment then I doubt you can afford to be obtaining more credit anyway.

Of course this is just my opinion but it does seem silly to put yourself in the brown sticky stuff if you don't have to