defaults vs settled

tallman83

If I am correct in thinking defaults remain on your file for 6 years from the default date and then drop off regardless of whether they have been paid or still have a balance on them.

Mr question is if I have other debts which defaulted 4 years ago which I am close to clearing via my dmp how long will these stay on my account for - 6 years from the default date or 6 years from the settled date. I'm hoping it's the default date because of not there is not much incentive to clear these debts.

Also for any debt that I still owe to that is now off my credit report what legal options do the creditors have to chase that money.

Thanks in advance

Tixy

If I am correct in thinking defaults remain on your file for 6 years from the default date and then drop off regardless of whether they have been paid or still have a balance on them.

Yes

Also for any debt that I still owe to that is now off my credit report what legal options do the creditors have to chase that money.

They have 6years from the date of your last payment, or last written acknowledgment to take court action against you regarding the debt.
And if they do obtain a CCJ against you and you cannot pay in full within a month then that would be on your credit file for a further 6years.