Satisfied/Settled - When do these drop off?

mcweasel01

Hi All,
I'm a little confused with my credit report and when to expect defaults to drop off, so I do apologise if this kind of question has been asked before.
Essentially, I've been reviewing my credit file as I'm looking to obtain a mortgage with my wife. I've had debt issues in the past, and these are now all cleared.
However, I have 3 closed accounts on Noddle. 2 show Satified, 1 shows Settled.
Will these drop off 6 years after date of default?
For example, 1 account shows Date of Default Jan 2009, so would I expect this to drop off in Jan 2015? Or would it be 6 years after it was settled? (It was repaid monthly until Mar13)

I ask as the 2 satisfied (I assume) should drop off in Jan 2015.
Also, is the settled account clear? It doesnt show any defaults in the history and this was paid off in June 2009.

Thank you for your time & advice

teffers

Hi Mcweasel,

It's 6 Years after the date of the default (in the UK).

Settled accounts are generally normal accounts that were paid in accordance with the agreement and are closed / paid in full etc.

Satisfied generally means accounts that had an issue / default and either a partial or full settlement was reached (reduced payment amount etc) but the account is still closed.

Pretty sure that's right but anyone please correct me if I'm wrong

mcweasel01

Many thanks teffers, that's just what I needed. I'll hold off on applying for a mortgage until Feb/March when these are off my record, then I'll only have accounts which have never defaulted.

teffers

No worries - in a similar situation myself.

2x defaults, 1x comes off in Jan and the other in July. Both settled years ago.

Was going to start looking around this time next year though for me.

Good luck with the applications next year :-)