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default removed ?

anyone know how long it takes for a default to get removed and is it after the debt is paid off

thanx in advanced
Halifax Current Account Overdraft : [STRIKE]£1500[/STRIKE] FULLY PAID OFF:j
Halifax Credit Card : [STRIKE]£1950[/STRIKE] £1000 Left NOT LONG LEFT
O2 :( : [STRIKE]£952[/STRIKE] [STRIKE]£600 Left[/STRIKE] FULLY PAID OFF :j
DEBT FREE BY SUMMER 2010 HOPFULLY :D
_party_

Comments

  • Tixy
    Tixy Posts: 31,455 Forumite
    A default stays on file for 6years from the original default date (irrespective of whether the debt is paid), then it will drop off the report. Once paid the file should be marked as a satisfied default (which is a bit better than an unsatisfied one).
    A smile enriches those who receive without making poorer those who give
    or "It costs nowt to be nice"
  • shuaibf
    shuaibf Posts: 235 Forumite
    ahh right i never understood it at first but i get it now thanks alot ! much appreciated
    Halifax Current Account Overdraft : [STRIKE]£1500[/STRIKE] FULLY PAID OFF:j
    Halifax Credit Card : [STRIKE]£1950[/STRIKE] £1000 Left NOT LONG LEFT
    O2 :( : [STRIKE]£952[/STRIKE] [STRIKE]£600 Left[/STRIKE] FULLY PAID OFF :j
    DEBT FREE BY SUMMER 2010 HOPFULLY :D
    _party_
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