We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
time default stays

XYZ1000
Posts: 235 Forumite


Hi
I have some debts that I am trying to clear. I went onto a debt management plan in 2010 after not being able to afford the repayments.
I have checked one of my reports today and it is only showing one credit card that I am paying. I still am paying 5 other debt companies.
I cant understand what this means. Do the defaults fall off after 6 years even if you still are paying them?
thanks
I have some debts that I am trying to clear. I went onto a debt management plan in 2010 after not being able to afford the repayments.
I have checked one of my reports today and it is only showing one credit card that I am paying. I still am paying 5 other debt companies.
I cant understand what this means. Do the defaults fall off after 6 years even if you still are paying them?
thanks
0
Comments
-
Yep, the default is registered on a certain date and 6 years later it disappears.This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com0
-
Thanks for your reply that's good news, it's feels amazing... still got lots of debt to pay though!
I have another question ... I just wondered what happens if I ask to pay a settlement figure, there would be now where for the company to add only partly settles is that correct?0
This discussion has been closed.
Confirm your email address to Create Threads and Reply

Categories
- All Categories
- 351.7K Banking & Borrowing
- 253.4K Reduce Debt & Boost Income
- 454K Spending & Discounts
- 244.7K Work, Benefits & Business
- 600.1K Mortgages, Homes & Bills
- 177.3K Life & Family
- 258.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards