Will default be removed

jameshubbard37

Hello all.

After some advice. I’ve just joined up to the MSE CREDIT CLUB CREDIT FILE.
First thing I notice is that I have a default account that is showing as settled on 23/8/2013. So this Friday will be 6 years old. I know this debt is with a debt collecting agency tho.
If this debt comes off my credit file on Friday what happens with the debt collecting agency. Will they stop chasing the money or do I still need to pay for this.

I’m in a bit of debt. But are all less than £500 on each account but this one is a big one at nearly £2500. So I’m really hoping this will be removed and they will stop chasing me for it.

Thanks for all your help

James

boo_star

You'll still owe the money.

[Deleted User]

The default may be removed but you still (morally) owe the money.

And whose to say they haven't already started court proceedings to obtain a CCJ?

jameshubbard37

I’ve not received any letters about it going to court and it’s not showing up on my public records on here. Would it be on any other credit file companies or will it show on this one.

I have been paying 10 a month for about 2 years now.

I’m wanting to clean up my credit file and get it in a good position.
I was thing that if it was removed from my credit file I could use that 10 towards something else. But if they will still chase me then I will keep paying the money to them

[Deleted User]

If you've been paying it (i.e. acknowledging it) then debt is still enforceable and the 6 years statute bar "clock" resets each time you pay it.

Regardless of it being removed from your credit files.

Why are you not making more of an effort to clear it down (and any other debts)

jameshubbard37

I will just keep paying it then.

But will it come off my credit file even tho it’s with them and I’m paying it.
Just thinking it will help clean my credit file up

[Deleted User]

Depends.
How is each month being marked?
Default? AP? AR?

jameshubbard37

It has varied between a ! (In a red box) and a ? (In a blue box)
Counting up the last 10 have been a ! And the 19 before that as a ?

sourcrates

Defaults stay on your file for 6 years from date of default regardless of what you do or who owns the debt.

Just because a debt is removed from your credit file has no bearing whatsoever on its enforceability.