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What happens after 6 years - default ?
liam_cousins
Posts: 3 Newbie
Please help:
Default put on account 01/08/06, i have been paying 10 a month for last year or so.
On Aug the 1st will this debt be removed from my credit rating and all record of it.
Thank
Liam
Default put on account 01/08/06, i have been paying 10 a month for last year or so.
On Aug the 1st will this debt be removed from my credit rating and all record of it.
Thank
Liam
0
Comments
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Bump - can anyOne help0
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Default are supposed to fall off your credit record after 6 years - automatically.
As for the debt, I would suppose it depends on whether it is fully paid off or not.LBM: August 2006 £12,568.49 - DFD 22nd March 2012
"The road to DF is long and bumpy" GreenSaints0 -
Will my credit score improve once they drop off or only when the balance is paid in full0
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Your score will improve when it drops off, which should be about a month or so xxxLife is too short not to love what you do.0
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