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When is credit history cleared?

edited 15 January at 12:47PM in Debt-Free Wannabe
5 replies 381 views
ladaowner55ladaowner55 Forumite
76 posts
Seventh Anniversary 10 Posts Combo Breaker
edited 15 January at 12:47PM in Debt-Free Wannabe
Long story, I failed to make payments on a debt between these dates (see below). Point to note I have since cleared this debt up.

1st April 2014 until 1st may 2016.

When do the come off my credit rating?

1st April 2020

or

1st may 2022

Replies

  • Willing2LearnWilling2Learn Forumite
    6.3K posts
    Seventh Anniversary 1,000 Posts Name Dropper Photogenic
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    That is a lot of months where you haven't made you payments. Has the account been defaulted (as it probably should have been)? If so, then the account will be removed from your credit files, after six years from the date of default...
    I work within the voluntary sector, supporting vulnerable people to rebuild their lives.

    I love my job

    :smiley:
  • ladaowner55ladaowner55 Forumite
    76 posts
    Seventh Anniversary 10 Posts Combo Breaker
    yes been listed as defaulted and satisfied .

    What 6 years should it be from

    April 2014

    or

    May 2016

    basically is it 6 years from the first default or from the last default?
  • Willing2LearnWilling2Learn Forumite
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    Seventh Anniversary 1,000 Posts Name Dropper Photogenic
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    If you look at your credit files, focussing in on this specific defaulted account, then the exact default date will always be listed.

    If you are saying the account first defaulted in April 2014, then it will be automatically removed from your files in April 2020. :)
    I work within the voluntary sector, supporting vulnerable people to rebuild their lives.

    I love my job

    :smiley:
  • edited 15 January at 1:15PM
    ladaowner55ladaowner55 Forumite
    76 posts
    Seventh Anniversary 10 Posts Combo Breaker
    edited 15 January at 1:15PM
    last silly question.

    ClearScore says the first recorded default was April 2014, so come April 2020 my credit record should be cleared of all defaults?
  • Willing2LearnWilling2Learn Forumite
    6.3K posts
    Seventh Anniversary 1,000 Posts Name Dropper Photogenic
    ✭✭✭✭
    ClearScore says the first recorded default was April 2014, so come April 2020 my credit record should be cleared of all defaults?
    Correct... :)
    I work within the voluntary sector, supporting vulnerable people to rebuild their lives.

    I love my job

    :smiley:
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