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Defaults on Credit Report
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Jko11
Posts: 1 Newbie
I got myself when I was young with credit cards and car payments. I have been unable to get credit in past few years due to this and noticed my credit rating got worse every time I tried. I read that defaults drop off credit rating after 6 years if this is the case mine will all be clear by 2/17, does this mean they are no longer visable to lenders as I am looking mortgage. Your help is much appreciated.
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I got myself when I was young with credit cards and car payments. I have been unable to get credit in past few years due to this and noticed my credit rating got worse every time I tried. I read that defaults drop off credit rating after 6 years if this is the case mine will all be clear by 2/17, does this mean they are no longer visable to lenders as I am looking mortgage. Your help is much appreciated.
That is correct yes.
They will drop off your file as though they were never there.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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