How long does a 'default' account sty on my credit record?

mwddrwg

I've just finished paying off an old HSBC overdraft via Marlin Finance. This showed on my credit record as default, even though I was paying it back monthly via HSBC themselves and I always disputed the 'default'.


Anyway, when does the record disappear from my file? Can I request it to be taken off immediately? It's messing up my rating big-time as I used to be a 4/5 on Noddle. With this 'default' I'm a 1/5


I've never been late or missed a payment ever with anything else. So annoying! Thanks for any advice

fermi

Info here --> How long do accounts/defaults remain on your credit file?

But basically they stay for 6 years from the original default date.

iarniee

I have the same problem.

Got a default from a payday loan.

However I emailed them asking for an extension so I could repay at a later date.

Can this be removed?

mwddrwg

fermi wrote: »

Info here --> How long do accounts/defaults remain on your credit file?

But basically they stay for 6 years from the original default date.

Thanks Fermi, very useful. The account counted as a default when I couldn't pay it all back in one go (about £400) as HSBC wanted, even though I'd been paying off the £1500 overdraft at a rate I coudl afford for up to ten years (about £30 per month). So they sold it to Marlin and slapped a default on. Considered this unfair, complained to HSBC and the credit ref people but no change.


Would understand if I was a serial defaulter but I've never missed a payment in my life and £400 was impossible to find at the time. Guess I'll need to suck it up... do you think there's any mileage in complaining again now that it's cleared?

On_my_way

mwddrwg wrote: »

Thanks Fermi, very useful. The account counted as a default when I couldn't pay it all back in one go (about £400) as HSBC wanted, even though I'd been paying off the £1500 overdraft at a rate I coudl afford for up to ten years (about £30 per month). So they sold it to Marlin and slapped a default on. Considered this unfair, complained to HSBC and the credit ref people but no change.


Would understand if I was a serial defaulter but I've never missed a payment in my life and £400 was impossible to find at the time. Guess I'll need to suck it up... do you think there's any mileage in complaining again now that it's cleared?

They defaulted you because you didn't pay the money back at the rate they wanted. This is a correct default I'm afraid.

DCFC79

Its a correct representation of how you ran your account.