Settled accounts on credit file

moneymoron1

Hello,

I am looking for a bit of advice, as I previous posts I got myself in a mess with payday loans, I recovered through borrowing from family.

I am left wi around 50 settled payday loan accounts on my credit file.

I know I am stuck with these on my credit file for 6 years, but what I am wondering is should the settled dates on my account be the date I paid the loans off or the date the PDL'S updated experian etc?

Thanks

Mm1

matttye

The date you paid them off. Or rather, the date they received cleared payment.

There's usually an 'account updated' date for when they updated the CRA's.

moneymoron1

Thanks,

Does that mean the disappear from your credit file 6 years after the settlement date or the date the file was updated?

matttye

moneymoron1 wrote: »

Thanks,

Does that mean the disappear from your credit file 6 years after the settlement date or the date the file was updated?

6 years from the settlement date if you didn't default, default date if you did.

moneymoron1

That's great thanks, no defaults so will be settlement date.

Thanks