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Equifax changed scoring system

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Comments

  • The_Boss
    The_Boss Posts: 5,864 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    tabby763 wrote: »
    Thanks all for your replies. :) I had no idea that the credit score was worthless. I've been putting value to it all the time. I'll make sure all my other info is as up to date as possible. Although my late payments are over 6 years old, the account wasn't closed until December 2008 so they say they won't remove them until 6 years after the account was closed, not 6 years after the late payments were missed. Does anyone know about this? Thanks.

    Yes, this is correctly sadly. Missed payments can therefore appear on your file for up to 11 years in total (or perhaps it is 12) if the missed payment happened right at the start and you closed it 5 years later.
  • Gordon_Hose
    Gordon_Hose Posts: 6,259 Forumite
    Debt-free and Proud!
    edited 11 April 2014 at 1:09PM
    Edit: I'm wrong.

    If your account closed in Dec 2008, then the whole entry will be removed in December 2014.
  • tabby763
    tabby763 Posts: 5 Forumite
    Thanks so much for your replies. You've been very helpful :)
  • The_Boss
    The_Boss Posts: 5,864 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    tabby763 wrote: »
    Thanks so much for your replies. You've been very helpful :)

    Why not press the "Thanks" button then ;)
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