Defaults on Noddle

hilly91

Hello Team!

I have signed up to the free credit report via Noddle, but slightly concerned that any debt in the DMP is shown as a default every month they receive their agreed payment.

Is this normal?

And does this affect the date that the defaults are removed form your credit file (6 years i believe) ..

Any help would be much appreciated.

Thanks

Hazzinho

Yes once you default on the original agreement it remains in default, the accounts drop off 6 years from the default date.

hilly91

So to confirm first defaults was Jan 2015 so it would be 6 years from this date? Even though noddle is showing all months since as defaults even though DMP in place and payment s in full on time?

DCFC79

Even though your making the payments you still defaulted on the original agreement.

Dandytf

I've been thinking recently.

With my 1st default due to drop off mid 2017 (check my file shows when defaults will drop off)

What happens as in effect I'll still be paying this debt until late 2019 as part of SC DMP.

Anthorn

Hazzinho wrote: »

Yes once you default on the original agreement it remains in default, the accounts drop off 6 years from the default date.

If it stays in default for 6 years what's the point in paying it off? In fact if it's paid off or cleared in a different way such as part-payment in full settlement the status changes or should change to "satisfied".

Hazzinho

Anthorn wrote: »

If it stays in default for 6 years what's the point in paying it off? In fact if it's paid off or cleared in a different way such as part-payment in full settlement the status changes or should change to "satisfied".

A satisfied default looks better, if you don't pay the debt they can issue a CCJ against you prior to the 6 years being up, this would be on your file for another 6 years.