Default coming off

onthefencepost

Hi all,

I have 5 defaults, two of which will be off within the next two months another two within 12 months. I have one which will be on for a few years but as im making monthly payments im hoping this is settled before it expires.

Do these naturally come off? Or do i have to fill any forms in or carry out any tasks?

On a separate note i took out cashplus credit rebuilder around this time last year - is it worth keeping this as ive had 12 months of positive reporting on my credit file or have I gained the benefit of this product?

Thanks

dazzaofdagenham

onthefencepost wrote: »

Hi all,

I have 5 defaults, two of which will be off within the next two months another two within 12 months. I have one which will be on for a few years but as im making monthly payments im hoping this is settled before it expires.

Do these naturally come off? Or do i have to fill any forms in or carry out any tasks?

On a separate note i took out cashplus credit rebuilder around this time last year - is it worth keeping this as ive had 12 months of positive reporting on my credit file or have I gained the benefit of this product?

Thanks

I'd be most interested in this....once you have paid off your loan of 72 quid at 6 pounds a month....what happens going forward

A4445

You don't need to do anything the defaults will just disappear normally the day after the 6 years expire.

[Deleted User]

dazzaofdagenham wrote: »

I'd be most interested in this....once you have paid off your loan of 72 quid at 6 pounds a month....what happens going forward

You'd see if you were able to get something better.

dazzaofdagenham

Deleted_User wrote: »

You'd see if you were able to get something better.

Ok, I'm not in need of credit myself..

But was just wondering the impact of a small loan of 72 pounds and paying it over a year....the resulting change to a credit acceptance application.

fermi

onthefencepost wrote: »

Do these naturally come off? Or do i have to fill any forms in or carry out any tasks?

As said, they come off automatically without you having to do anything.

With Experian and Callcredit they should drop off on the 6 year anniversary, however Equifax can sometimes take a few days or even weeks.