When do defaults drop off your credit file?

Brogden

Let's say a default is put on your file today (2012). Lets say it takes you ten years to pay off the account and the account is closed in 2022. Will the default have still disappeared from the file in 2018?

Thanks,
Brogden.

Gordon_Hose

Yes, that is correct. A default drops off after 6 years whether it is paid or not.

MusicalLawyer

Going by what others have said above i'd say yes. The default will be off your account in 2018, but the account will still be on your file as open and will see that you're in an arrangement to pay it off. And hopefully it'll have all green things by the payments

Gordon_Hose

KellyKing1987 wrote: »

Going by what others have said above i'd say yes. The default will be off your account in 2018, but the account will still be on your file as open and will see that you're in an arrangement to pay it off. And hopefully it'll have all green things by the payments

In my experience, once a default is applied no other account payment info is recorded. So once the 6 years is up the whole account entry, and the default, drop off.

Tixy

KellyKing1987 wrote: »

Going by what others have said above i'd say yes. The default will be off your account in 2018, but the account will still be on your file as open and will see that you're in an arrangement to pay it off.

No - when the default drops off so does the whole record of the account - nothing at all will be visible on your credit file in relation to that particular account

MusicalLawyer

Ahhhh Okay, now I understand!

My debts are going to be repaid in full by September. I'm waiting for my £2 reports to come through so I can check the dates on defaults.

What about accounts that are not in default, like an old mobile phone contract etc that I never missed a payment on, would they just drop off after 6 years of the closing date of the account?

Tixy

Yep 6years after the settlement date if there is no default.