Credit Improve? After Default Expires?

AnnaLMLH

Hi
A default on my husbands account will reach six years on 28th april this year, (and one year from being paid in full)
will it disapear from his file then
its the only thing thats wrong on his account
thanks

fermi

The default and account will be removed then, yes. They will no longer be seen by any company checking his report.

Can take a bit of extra time to go from Equifax, but it will go from there as well in a few days to a few weeks.

AnnaLMLH

thanks fermi, as always a very quick responce
im tying myself in knotts trying to get us to the mortgage worthy rate

Thrugelmir

Lenders appraise on a number of factors. Not just things that are "wrong". The manner in which an individual conducts themselves financially is dissected using analytical tools.

AnnaLMLH

great to know
by the time we get round to it, the only debt we have a credit card will be paid in full, no overdraft usage etc