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When does an item drop off your credit report?
AndyLGR
Posts: 229 Forumite
What factors ensure that an item drops off your credit report?
As an example, I have a default from 2006 on a credit card that has now been deemed unenforcable by the DCA and has been returned to the lender.
As an example, I have a default from 2006 on a credit card that has now been deemed unenforcable by the DCA and has been returned to the lender.
- Would this drop off in 2012?
- Would it drop off even though in reality it has never been settled?
- Does the balance have to be zero or marked as settled for it to drop off?
- Would it drop off from the date of my last payment in 2008?
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Comments
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What factors ensure that an item drops off your credit report?
As an example, I have a default from 2006 on a credit card that has now been deemed unenforcable by the DCA and has been returned to the lender.- Would this drop off in 2012? Yes.
- Would it drop off even though in reality it has never been settled? Yes.
- Does the balance have to be zero or marked as settled for it to drop off? No.
- Would it drop off 6 years from the date of my last payment in 2008? No.
Hope that helps.
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