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!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Question
Oliver0913
Posts: 2 Newbie
Hi,
I’ve been working really hard to pay offa number of debts this year and have reduced my creditors from 13 to 5.
Today I paid off my penultimate default which still leaves me with a defaulted credit card of 2.2k. This particular debt is 6 years old from mid next year and although I have paid £600 off the last few months I want to ask what will happen when it becomes 6 years old in 2028?
I feel it would be better to pay off my up to date debts if this will clear from my credit file in a few months?
I’ve been working really hard to pay offa number of debts this year and have reduced my creditors from 13 to 5.
Today I paid off my penultimate default which still leaves me with a defaulted credit card of 2.2k. This particular debt is 6 years old from mid next year and although I have paid £600 off the last few months I want to ask what will happen when it becomes 6 years old in 2028?
I feel it would be better to pay off my up to date debts if this will clear from my credit file in a few months?
0
Comments
-
Edit - *20180
-
Hi,
Nothing will happen.
It may fall off your credit file, but the money is still owed.
It wont become statute barred then either, as you have made recent payments to it.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
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.1K Banking & Borrowing
- 254.3K Reduce Debt & Boost Income
- 455.3K Spending & Discounts
- 247.1K Work, Benefits & Business
- 603.7K Mortgages, Homes & Bills
- 178.3K Life & Family
- 261.2K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards