Late Payment/Delinquent Account

Gravity_2

Hi,

I had two seperate accounts that I made late payments on in 2007.

They were both settled in Sept 2010 and marked a 6 - Late Payments.

I understand that these will take 6 years for them to be removed from my credit file but should it be 6 years from when they were marked as late (2007) or from when the accounts were settled (Sept 2010)?

fermi

6 years from when the accounts were settled.

Gravity_2

Why are late payments 6 years from settlement and defaults 6 years from default date?

matttye

Gravity wrote: »

Why are late payments 6 years from settlement and defaults 6 years from default date?

I think it's because defaults and settlement dates both mark the end of the account. You can't continue to use the credit facility of a defaulted nor a settled account.