CC default

declaration

Hi,

I have a cc default which is due to drop off in March. I have worked hard to be debt free and sort out my finances before applying for a mortgage, but the debt was not fully settled until December 2010.

Am I right in thinking that the default will drop off in March, but details of how the account was run, including the default, will still be on the record until December 2016? I ask this because I see that on Equifax, there are written details of the default etc, above the the green and red boxes which record payments. It also says at the bottom of the sheet that details are kept for six years after the debt was settled.

If this is the case, then all my hard work will achieve little, if the default is effectively still there for even longer.

Thanks for any advice.

McKneff

As far as U am aware, every trace of a default drops off, I would imagine you have to give them a month or so to sort it out.

declaration

Thanks McKneff. Any other views from anyone? This is a real worry to me

BugsyBrowne

Defaults are removed 6 years after the date it went on report.

McKneff

6 years from the default date no details ae kept.

You'll be running free :j:j:j

fermi

As said, when the default comes off all other details of the account go with it.

Account/payment history, the lot.

No trace of the account remains. Someone checking your report would not know it had existed.

fermi

declaration wrote: »

It also says at the bottom of the sheet that details are kept for six years after the debt was settled.

That is referring to non-defaulted accounts. Equifax being carp at explaining again.

It is clearer on their FAQ.

https://equifaxuk.custhelp.com/app/answers/detail/a_id/238/

Type of information - Expiry date

Credit agreements - Six years from the date the account was settled, written off or defaulted – whichever happened first

In your case the default happened first, so all account data (default, history, everything) is removed 6 years from that.