Question about Default vs Settled on credit file

fermi

That is not the case.

The default and account drops off your credit file 6 years from the original recorded default date.

No exceptions to that rule, ever. Settling the account does not alter that.

A CCJ is a separate thing and separate entry type.

glentoran99

Surfeit75 wrote: »

I think I will try and negotiate a settlement but am worried about what you say in your post.

6 years from now?

The default is due to drop off in 2017, I do not want to extend beyond this so what should I do?

You're telling me if I arranged a full and final settlement I would have to wait until 2021 for it to be off my credit file?

Seriously concerned about this now.

No, they account will drop off your file 6 years from default date, ragardless if you settle or not

However if you stop paying them they could still potentially get a CCJ which would impact your credit file in the future

Surfeit75

So essentially I have until 2017 to pay off the balance or try and come to some sort of settlement before then.

As if I still owe them when the default drops off, they can't default me again....but could potentially take me to court, and add 6 more years via a CCJ?