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US v D
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debaur
Posts: 33 Forumite
Good morning,
I have just looked on my credit file, and I can see I have one account which has various states on it. They are D (Default) and US (Unknown Status). What is the difference in these two states regarding statute barred? Thank you.
I have just looked on my credit file, and I can see I have one account which has various states on it. They are D (Default) and US (Unknown Status). What is the difference in these two states regarding statute barred? Thank you.
0
Comments
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Unknown means it not being updated.
A debt is statute barred after 6 years with no acknowledgment.0 -
Thank you very much; so the different status reports do not affect the debt becoming statute barred?0
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Nope. Statute Barred means that anything that has exceeded the time stated cannot be taken into account or actioned on any more. For most things financial the time limit is 6 years.This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com0
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Thank you, I appreciate your help.0
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