Credit Rating Help

izzoh

Hello,

I am getting confused with when debt gets 'wiped' off your credit rating.

Please can someone let me know when the below will vanish and no longer exist on my credit rating?

Thanks in advance. :j

1. ‘Satisfied’ - 01/11/2010</SPAN>
2. ‘Satisfied’ - 31/07/2010
3. ‘Settled’ 28/08/2010
4. ‘Settled’ 21/12/2005
5. ‘Settled’ 21/12/2005
6. ‘Settled’ 11/12/2006
7. ‘Settled’ 26/06/2007
8. ‘Settled’ - 05/09/2007</SPAN>

crapwithcash82

izzoh wrote: »

1. ‘Satisfied’ - 01/11/2010 - 1st Nov 2016
2. ‘Satisfied’ - 31/07/2010 - 31st July 2016
3. ‘Settled’ 28/08/2010 - 28th August 2016
4. ‘Settled’ 21/12/2005 - 21st December 2011
5. ‘Settled’ 21/12/2005 - 21st December 2011
6. ‘Settled’ 11/12/2006 - 11th December 2012
7. ‘Settled’ 26/06/2007 - 26th June 2013
8. ‘Settled’ - 05/09/2007 - 5th September 2013

I believe its 6 years these stay on your file, but I'm sure if I am wrong, someone will post!

boogiemaster

They will drop off six years from the default date paid or not.


Mine Defaulted On: 10/07/2006 and will fall off 10/07/2012

izzoh

Thanks all. Will be interesting to see if my credit rating improves just a tad when the 2 drop off in December! :-)

Gordon_Hose

When 2 of my defaults dropped off recently it didn't improve my credit rating. There are still 3 shown on my file, due to come off next October, all settled.

Tixy

izzoh wrote: »

Thanks all. Will be interesting to see if my credit rating improves just a tad when the 2 drop off in December! :-)

Is it only 1 and 2 that had defaults? If so then its unlikely that the others dropping off will make much difference to your ability to get credit.

If they have defaults they are cleared 6years after the default (so 1 & 2 won't be 6yrs from the satisfied date but from the original default). For the ones with no default its 6years from the date they were settled.