Default + satisfied dates??

CRAIGSVILLE

Hi all,

My 1st post - can you please help.

Had a DMP a while back.

After looking at my Experian Credit file I have a default on a loan, with a Defaulted date of 19/7/2004 and a Satisfied date of 4/9/2005.

When will my default drop of my file - 6 years after the defaulted date or satisfied date

Thanks

Craig

niccatw

I'm pretty sure it's 6 years from the default date, so it should drop off your file this June.

niccatw

Sorry Craigsville, I've since read something on This Is Money that suggests it's 6 years from the settlement date... Sorry to confuse you even more!

This link might help http://www.moneysavingexpert.com/loans/credit-rating-credit-score There's a bit mear the bottom about defaults but it looks like you might need to ask the company to remove it.

Hopefully some-one wiser than me will be along shortly to clear up the confusion

CRAIGSVILLE

Thanks niccatw,

i was looking to re-mortgage, so that would be great.

I also have 3 partially settled c/c files with satisfacory against them which run out end of 2011 - would these files be a major factor when trying to re-mortgage after my default has dropped off??

I have checked my credit score recently and it is 900 - good, which I found strange with a default!!

thanks

Craig

Just seen your above post - dosn't look good now - bahhhh

Thanks for your info

niccatw

http://www.learnmoney.co.uk/credit-file/badcredit.html

Have alook at the links on removing a default here. It might be worth it if you're wanting to remortgage.

I find credit ratings a law unto themselves - there's been a few time where I really thought I was chancing my arm (mortgage being one of them!) but I was ok. Othere times, when I thought it'd be fine and I was declined (store card - in retrospect, thank goodness I was declined )

If you think it might be an issue, it might be worht remortgaging through a broker so you can explain face-to-face rather than be at the mery of automated systems.

(Oh, and to confuse things further again, saw another thread on here that said what I originally did - then my computer froze and I cant find it again!)

Might be worth giving the credit agencies a call to find out (check the numbers on Say No to 0870 website too so the calls cost you less

The addresses of the credit reference agencies are:

Equifax Plc
Credit File Advice Centre
PO Box 1140
Bradford
BD1 5US
www.equifax.co.uk

Call Credit Plc
Consumer Services Team
PO Box 491
Leeds
LS3 1WZ
0870 060 1414
www.callcredit.co.uk

Experian Ltd
Customer Support Centre
PO Box 8000
Nottingham
NG80 7WF
0844 481 8000
www.experian.co.uk

Good luck - I hope you can re-mortgage fairly easily and sooner rather than later!

chickencurry

I spoke to someone from the ICO today and was advised that its 6 yrs from the date of the default, not the settlement date. I'm having the same problem myself but don't give up! x