Credit history restored?

Yorkshireman76

Hi All, long term reader, first time poster!

To jump straight in, following a redundancy and a period spent out of work between 2009/2010, I buried my head in the sand and hoped I would get a new job/find a pot of gold at the end of the garden. Luckily I eventually found work.

During this time I managed to almost keep my payments in order apart from one to a finance copmany for PPI, (can't claim. Tried and failed!!)

As I also moved house in this time I didn't start payments again, and never actually received any mail. Until, I did a credit score and found the defaulted payment. Fortunately I had some savings and paid the balance off in full (after negotiating a discount!) and thought the matter solved. But it appears that it will affect my credit information for the next millenia, can any one of you more knoweldgeable folk than I advise on any action to remedy this?

I have a credit card, (balance being slowly paid off), I've had two years in the same address, and every other indicator on my credit score is coming across ok.

Is it purely a matter of just waiting it out and being subject to extortionate/usurous (sp) credit cost should I need them?

Best regards from God's own county!!

CJE

camuk81

It is I'm afraid. Whats the date of the default or account closing? It will take 6 years for the default to drop off.

Time is a great healer with credit reports. Try to clear the credit card and then keep some credit open as according to Martin Lewis you need to keep some credit open in order to have a credit history.

I'm just over 2,000 days away from a clean file and being normal!

Yorkshireman76

Thanks for the infomration, not exactly what I wanted to hear, but never mind!! Still, as from February 2018, (all things going well!) I too will have a normal credit file!!