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.
After dro still showing defaults
Comments
-
even when closed and satisfied, it will still be a default
How long since your DRO completed ?0 -
It completed in sept 17..so will it be 6 years from this date or 5??thanks.0
-
Hi,
Where creditors are concerned, they are always a little unsure still, how to deal with debt relief orders, and your credit file, on completion.
The FCA handbook states that all accounts included in a DRO, when successfully completed, should be marked as satisfied, and closed, on your credit file.
This should automatically happen on the next update after completion of your DRO, but as i said before, sometimes you have to chase them up to do it correctly.
Defaults stay for 6 years, so after your 12 months monotaurium period, it will show for a further 5 years.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 -
I believe defaults are 6 years from the date of default, so if default was before the DRO it will drop off sooner. The DRO will drop off 6 years from the start date of the DRO0
-
Thanks..il just leave it then..doesnt make any difference to me..won't be having any type of credit or loan again..lesson learned !!!128077;0
-
If you want anything removing you have to write to the bank concerned. They won't do it by phone. It's worth just writing a quick letter to Barclays to get them to do the right thing. They did the same to me, I wrote, they corrected it. Credit file is still important, even if you think you have learned your lesson.Please note - taken from the Forum Rules and amended for my own personal use (with thanks) : It is up to you to investigate, check, double-check and check yet again before you make any decisions or take any action based on any information you glean from any of my posts. Although I do carry out careful research before posting and never intend to mislead or supply out-of-date or incorrect information, please do not rely 100% on what you are reading. Verify everything in order to protect yourself as you are responsible for any action you consequently take.0
This discussion has been closed.
Categories
- All Categories
- 347.2K Banking & Borrowing
- 251.6K Reduce Debt & Boost Income
- 451.8K Spending & Discounts
- 239.5K Work, Benefits & Business
- 615.4K Mortgages, Homes & Bills
- 175.1K Life & Family
- 252.8K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 15.1K Coronavirus Support Boards