Default Notice - Help please!e

wtang00

Hi,

My bank account with Natwest has been effectively closed and the OD debt sold on to a collection agency called Allied International. Having spoken to the bank, they have confirmed a default notice has been issued on my credit file.

I intend to speak with Allied and sort out the debt repayment, but wanted to understand the full implications of the default notice. I've looked at several forum posts and had a long chat with the customer service advisor at Natwest (who was very helpful) and wanted to clarify a few things.

1. Is it possible to get Natwest to remove the default notice?
2. Is it possible to get any credit during the next 6 years?
3. What happens after 6 years? (after I've paid the debt in full in installments) Is the notice removed/will I get a clean slate?


Thank you in advance for any helpful advice you can give,

Will

happy_bunny_2

Hi there,

1. unlikely. They have no reason to.
2. Yes, as it gets older. not much for a few years I would think, at least not with decent rates.
3. default is removed after 6 years, paid or not. If you don't arrange to pay, they can get a CCJ at any point during the 6 years since last payment/debt acknowledged and that will put a worse CCJ marker on your file.

Lots of similar posts on the debt free wannabe board.

HB

McKneff

They wont remove a default because it is a true record of your history, its there for 6 years, paid or not.