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Legacy_user
Legacy_user Posts: 0 Newbie
edited 19 March 2019 at 6:24PM in IVA & DRO
Delete - No longer need advice

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  • fermi
    fermi Posts: 40,544 Forumite
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    Amy13 wrote: »
    After checking my credit report on Noddle, I now have a default on one of the accounts included in my DRO (presumably because of the DRO)

    When my DRO has finished next year, will the default show as satisfied? And then drop off my file after 6 years?

    Yes, they should mark it as a satisfied default, which will then drop off 6 years from the original default date.
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  • sourcrates
    sourcrates Posts: 29,049 Ambassador
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    After your monotorium period has ended, and your DRO successfully completed, you may find you have to prompt your creditors to update your credit file to show the debts as satisfied.

    They can drag their feet somewhat, and not all are aware of the correct reporting of a DRO debt after completion.
    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-letter
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