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credit report repeatedly shows 6 late payments

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  • [Deleted User]
    [Deleted User] Posts: 35,242 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Very unlikely. Your credit report should be a reflection of how you have managed your accounts.

    A settled account will look better than unsettled though, so it is still worth attempting to close them out, even if for a reduced amount.
  • Winter78s
    Winter78s Posts: 11 Forumite
    Will it report as a reduced amount of just settled?
  • [Deleted User]
    [Deleted User] Posts: 35,242 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Either satisfied or settled. No practical difference really.
  • boo_star
    boo_star Posts: 3,202 Forumite
    Part of the Furniture 1,000 Posts
    HappyMJ wrote: »
    It doesn't need to default.

    6 years after the last payment or acknowledgement of the debt and it will go.


    It will fall off. I had a debt with London Scottish that could never default as I could not be in default of an agreement that was not legal although I wasn't paying anything. It was reported late for 6 years before dropping off and eventually being written off.

    I really don't think that's correct at all, if they're reporting a debt that hasn't been defaulted then it should continue to be reported until the end of time (or until they actually default it.)

    It would be like only reporting an up-to-date debt for 6 years. How would that work for mortgages, loans longer than 6 years or long-term credit card debts?

    I suspect in your case they may have defaulted it after 6 years which is why it disappeared.
  • Winter78s
    Winter78s Posts: 11 Forumite
    Thanks boo_star, what you have said is my worry, I started going through bank statements last night and i can't see any payments being made to this card, went through statements from 2010 and nothing (I am going to go back through everything today) but I am thinking that it must have been about this time I became unable to make the payments�� And then at some point it has been sold to hillsden as the first payment that shows for them in 2012 shows 6 or more payments late.

    Really unsure what to do for the best, any further advice much appreciated
  • glentoran99
    glentoran99 Posts: 5,825 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker Debt-free and Proud!
    HappyMJ wrote: »


    It will fall off. I had a debt with London Scottish that could never default as I could not be in default of an agreement that was not legal although I wasn't paying anything. It was reported late for 6 years before dropping off and eventually being written off.

    I think you got lucky, couple of things, whether the agreement was legal or not it can still default, just because it unenforceable in court doesn't mean they cant report it.


    If it was written off that would be why it disappeared from your credit file
  • Winter78s
    Winter78s Posts: 11 Forumite
    Not sure what you mean...the original debt isn't showing but the sold debt to hillsden is?
  • fermi
    fermi Posts: 40,542 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker Rampant Recycler
    boo_star wrote: »
    I really don't think that's correct at all, if they're reporting a debt that hasn't been defaulted then it should continue to be reported until the end of time (or until they actually default it.)

    Correct. If not defaulted on your report, then it will stay on there indefinitely.

    ICO guidance from back then is very clear


    "A record showing a series of payments as six months in arrears when this does not reflect the real payment history should not be used as an equivalent of a default."
    Free/impartial debt advice: National Debtline | StepChange Debt Charity | Find your local CAB

    IVA & fee charging DMP companies: Profits from misery, motivated ONLY by greed
  • Winter78s
    Winter78s Posts: 11 Forumite
    So should they not have defaulted it?
  • Winter78s
    Winter78s Posts: 11 Forumite
    Is there not a 'rule' that after so long it should default?
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