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Default on credit history question

Hey folks,

A few years ago I stupidly defaulted on a credit card due to not keeping on top of things properly, not having direct debit payment, and not updating my address records with them. If only I'd found MSE earlier! :) Ever since I realised I paid them a big chunk every month and cleared the debt last year. However I just checked my Noddle credit report, and it is showing a big red D for every month since the initial default date, until I paid it off.

So I suppose my question is - will the default drop off my credit record after 6 years since the original default date, or 6 years after the account was settled?? I always thought it was the former but I may have been wrong! Is this a Noddle thing or do all credit files show the same?
Savings target: £25000/£25000
:beer: :T


Comments

  • bottleofred
    bottleofred Posts: 2,902 Forumite
    Hi mildred,

    Defaults drop off 6 years from the date they are applied to your credit file, whether settled or not, but a settled default is better than an unsettled one.
    If you've nothing decent to say, perhaps you shouldn't say anything.

    £2 savings jar £300:D
    Total credit card debts £1250:mad::mad::mad::mad::mad: - Will I ever learn!!
  • mildredalien
    mildredalien Posts: 1,057 Forumite
    Part of the Furniture Combo Breaker Debt-free and Proud!
    Thanks bottleofred - I'll assume that it's just a Noddle quirk to add 'default' to every month then! It's all settled now, just have to wait another 3 years for it to drop off!
    Savings target: £25000/£25000
    :beer: :T


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