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
Defaults
MNM2903
Posts: 322 Forumite
If an account defaults, as an example in 2013. Then each month from April 2013 to February 2015 shows a red default marker on my credit file.
February 2015 being the date the account was satisfied and paid off. When does the default drop off? I was under the impression it's removed 6 years from the date of default yet it's still showing on my credit file?
February 2015 being the date the account was satisfied and paid off. When does the default drop off? I was under the impression it's removed 6 years from the date of default yet it's still showing on my credit file?
0
Comments
-
If the account default date was April 2013, then the default will be removed from your credit file after six years, in April 2019.
Basically, a default is marked on a credit file for six years from the date of default.
I work within the voluntary sector, supporting vulnerable people to rebuild their lives.
I love my job
0 -
Seeing as we’re not in April yet will be there for another 2 months maximum0
-
Thanks just wanted to make sure that was the case.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.5K Banking & Borrowing
- 254.1K Reduce Debt & Boost Income
- 455K Spending & Discounts
- 246.5K Work, Benefits & Business
- 602.9K Mortgages, Homes & Bills
- 178K Life & Family
- 260.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards