We'd like to remind Forumites to please avoid political debate on the Forum. This is to keep it a safe and useful space for MoneySaving discussions. Threads that are - or become - political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
We're aware that dates on the Forum are not currently showing correctly. Please bear with us while we get this fixed, and see Site feedback for updates.
paying debts off after they have dropped from your credit file

Gonzo1987
Posts: 1,208 Forumite
Apologies if this is a silly question, but I have been pondering.
At the rate I am going I will be debt free in 4 years. My defaults drop off my credit file in 2 years.
What would happen if I just stopped repaying my debts at the point when they drop off my file?
Please note I DO NOT intend to stop paying them (I borrowed the money, therefore will repay it) and would instead like to clear them if possible before the next 2 years are up, I'm just curious, would the dca register a new default or what?
At the rate I am going I will be debt free in 4 years. My defaults drop off my credit file in 2 years.
What would happen if I just stopped repaying my debts at the point when they drop off my file?
Please note I DO NOT intend to stop paying them (I borrowed the money, therefore will repay it) and would instead like to clear them if possible before the next 2 years are up, I'm just curious, would the dca register a new default or what?
0
Comments
-
No, they literally just fall off your credit file.
You would still owe the money, its just that no one can enforce the debt, simple as that really.make the most of it, we are only here for the weekend.
and we will never, ever return.0 -
While they might fall off your credit file they are still "live" debts. They are not statute barred because you have been paying them.
Because they are not statute barred they could still get a CCJ and subsequently enforce that after they have gone from your credit file.
Per your original post, they cannot register a new default. After 6 years, as far as your credit file goes it is gone (for defaulted debts).
If you are on "arrangement to pay" they are registered until your last payment plus 6 years.BSC No 248
Free, confidential advice
National Debtline 0808 808 4000 | StepChange 0800 138 1111 | CAB - Get Advice
0 -
No, they literally just fall off your credit file.
You would still owe the money, its just that no one can enforce the debt, simple as that really.
Thats not true, Your credit file has nothing to do with enforcement, You still owe the money and the creditor has as much rights whether its on your file or not0
This discussion has been closed.
Confirm your email address to Create Threads and Reply

Categories
- All Categories
- 348.4K Banking & Borrowing
- 252.1K Reduce Debt & Boost Income
- 452.4K Spending & Discounts
- 241K Work, Benefits & Business
- 617.4K Mortgages, Homes & Bills
- 175.7K Life & Family
- 254.2K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 15.1K Coronavirus Support Boards