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paying debts off after they have dropped from your credit file

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?

Comments

  • McKneff
    McKneff Posts: 38,857 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    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.
  • Lensman_2
    Lensman_2 Posts: 1,506 Forumite
    Part of the Furniture Combo Breaker
    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.
  • McKneff wrote: »
    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 not
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