PDay loans and credit file

tommytynan123

About 3 years back I was in a real mess and used a PDay loan. I deferred a few times but all payments were on time and the amount needed. Finally got rid and thats history.

Trying to sort out my credit file now (which has 2 glaring errors being sorted) and under ''closed accounts'' it lists these 6 deferrals as 6 seperate loans which in fact is what they are in reality.

Bearing in mind they are 3 years old and at the time all paid on time is the entry a positive (paid on time etc) or a negative (used a PDay loan albeit 3 years back) ?
Thanks

[Deleted User]

A negative. Unless the rest of your file is littered with defaults and CCJs, in which case it's probably the only thing going in your favour.

jamesd

A definite negative but the time since they were taken will help to reduce that effect.

tommytynan123

Thanks all.
My file has 2 x defaults which actually is wrong and being sorted. Both paid in full 2 years back (Barclays - say no more) and I've found the letters from Barclays.

When do these closed accounts fall off the file ?

jamesd

Closed accounts stay around for six years from closing.

fermi

If defaulted it's 6 years from the default date.

If not defaulted it's 6 years from the account settlement date.