hsbc loan, 4 years since default

charlie358

Hi all,

Quick question,

My husband defaulted on his loan around 4 years ago. He has made payments to clear it but still owes a fair amount. We want to start looking for a mortgage soon but she unsure of how this will appear on his credit report? If we wait another 2 years will it be taken off his credit file even if there is a small amount owing? ( by this point with payments he makes each month there will be a remaining balance of around £1000)

Or will it remain on his credit report for 6 years after its paid? We're very confused by all this so any advice will be much appreciated

Thanks

[Deleted User]

6 years from default.

Thrugelmir

You'll need to declare any debts on your mortgage application in any event. In your own interest to clear the balance and allow yourselves to move forward.