Credit Card debts w/o due to ill health

grazzzz

Due to a serious scuba diving accident in 2010 which left me unable to work and with my medical history being proven to the credit card companies they finally w/o all my debts with letters confirming this . However my credit rating still shows defaults will these always show or will after 7 years will they disappear?

[Deleted User]

It depends on what has been agreed. Writing off the debts doesn't necessarily mean the defaults will be removed.

However, if not, they will disappear after 6 years of being applied,

grazzzz

I was advised by the companies concerned Barclays HSBC and MBNA i would no longer be chased for the debts as the anxiety was adding to my illness ! If that helps

[Deleted User]

Not really. But either way, it sound as if the defaults should drop off very shortly.

When were they applied?

Thrugelmir

grazzzz wrote: »

However my credit rating still shows defaults will these always show or will after 7 years will they disappear?

Hoping to apply for further credit?

grazzzz

Applied in 2014 and no not looking for credit at all however if i need to move and rent a property in the future i want to be able to do so

27col

grazzzz wrote: »

Applied in 2014 and no not looking for credit at all however if i need to move and rent a property in the future i want to be able to do so

Well, if you think that you might need money to move and possibly rent in the future wouldn't it be a good idea to start putting away some savings now.
Then, you won't need to borrow as much when the time comes. It is no good thinking that you can't afford to save, because, if you did get a loan you would be paying out the same amount of money as you would for your savings.