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geordiejc
Posts: 20 Forumite
I defaulted on a loan 05/07/2011.
I settled the balance off in July 2016.
As you can see from the picture below from noddle, every month since the default, a default marker has been applied.
My understanding was that in 07/2017 this default would drop off my file after 6 years, however because a default market has been put on every month since 2011, does this mean that the default marker applied in july 2016 now has to wait 6 another 6 years to drop off, making it 12 years not 6?
I settled the balance off in July 2016.
As you can see from the picture below from noddle, every month since the default, a default marker has been applied.
My understanding was that in 07/2017 this default would drop off my file after 6 years, however because a default market has been put on every month since 2011, does this mean that the default marker applied in july 2016 now has to wait 6 another 6 years to drop off, making it 12 years not 6?

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It will be removed 6 years from the date the default was registered.0
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No,
As above. defaults are registered for 6 years, after which they drop off your file.
The credit reference agencies are just reporting the original default every month,
Come 05/07/2017, it will be gone from your file paid or not.I’m a Forum Ambassador and I support the Forum Team on the Debt free wannabe, Credit file and ratings, and Bankruptcy and living with it boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.For free non-judgemental debt advice, contact either Stepchange, National Debtline, or CitizensAdviceBureaux.Link to SOA Calculator- https://www.stoozing.com/soa.php The "provit letter" is here-https://forums.moneysavingexpert.com/discussion/2607247/letter-when-you-know-nothing-about-about-the-debt-aka-prove-it-letter0
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