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!

Defaults and dropping off Credit Report

Hi, Quick question on defaults. I have a few back from 2012 when I got into a mess and had to enter a DMP. Looking through my credit report, The loans in question state 'Account opened' June 2012, and then shortly after shows defaults every month until I finally paid them off in 2015.

Question is, will these drop off from the first registered default when I defualted back in 2012, or will these drop off 6 years from when closed?

Thanks all
Started comping: September 2013
Wins so far: Cunard QM2 Cruise, X Factor final tickets, £1,000 Team build day, Dinner at the Ritz with Rolls Royce limo
:D:j:T

Comments

  • They drop off 6 years after the default is first registered.
    2.88 kWp System, SE Facing, 30 Degree Pitch, 12 x 240W Conergy Panels, Samil Solar River Inverter, Havant, Hampshire. Installed July 2012, acquired by me on purchase of house in August 2017
  • pma13
    pma13 Posts: 134 Forumite
    Eighth Anniversary 10 Posts Combo Breaker
    Yes I had the same query but checked and one has fallen off this morning
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

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

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.