Defaults after six years

Liverlad67

When a default is six years old does all info regarding payments after the default date still show or does all info get erased. I am assuming a default from 2009 will dissapear this year including details of payments made to a creditor between 2009-2015 or have I got it wrong?.

fermi

Yes. Every trace of the account and history disappear. Literally. Anyone checking your report will not see any evidence that the account ever existed.

Liverlad67

Thank you fermi for a quick answer. Have had numerous defaults in the past all paid in full though glad all the bad info will go from my file. Looking for mortgage in the future

solentsusie

Liverlad67 wrote: »

Thank you fermi for a quick answer. Have had numerous defaults in the past all paid in full though glad all the bad info will go from my file. Looking for mortgage in the future

Good luck for the future. Remember to pay all your credit accounts on time and keep yourself on the electoral roll if you are looking to get a mortgage.

It is really nice when you get a fresh slate. :T

Liverlad67

We all deserve a fresh slate lol. Been a hard slog clearing debts and finally being able to save for the future. Lots of lessons learned btw. Just wish every member of mse got.a bailout like our banker friends