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how do defaults work?
illgetthere
Posts: 123 Forumite
sorry to appear thick but when a default is attached to an account, then 6 years passes, what happens to the account if money is still owed?
People say only 1 default per account. What happens after the 6th year?
Thanks in advance
People say only 1 default per account. What happens after the 6th year?
Thanks in advance
As Sceptic Peg predicts, House prices this week will be going up!.............................or down.
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Comments
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you still owe the money
but the account wont be on your credit files any more0 -
does that mean it doesn't form part of a credit score?As Sceptic Peg predicts, House prices this week will be going up!.............................or down.0
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illgetthere wrote: »does that mean it doesn't form part of a credit score?
its not on your report so it cant0 -
Yes defaults will drop off your history, they will only remain on there if you end up with a CCJ for it...DFW Nerd #025DFW no more! Officially debt free 2017 - now joining the MFW's!
My DFW Diary - blah- mildly funny stuff about my journey0
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