Defaults - How long do they stay on my report?

super_saver123

I have a default with Lowells showing on my MSE Credit Club Report/Experian which I cleared in June of last year. Does it stay there for 6 years or should it drop off now that it is cleared?

I always thought they should drop off, but happy to be corrected!

Gaz83

They stay on for six years following the date of default (five in Scotland).

super_saver123

So it is marked as 'Account Settled' (which I assume is the default date?) in July 2016, so it should disappear in July 2022. Another couple of years then.

Thanks for your help

kl2

super_saver123 wrote: »

So it is marked as 'Account Settled' (which I assume is the default date?) in July 2016, so it should disappear in July 2022. Another couple of years then.

Thanks for your help

6 years from the default date, not the settled date.

Should be a bit sooner than the settled date I'd imagine.

StokieBecks

Did the account definitely default? It should show a default date on your credit report if it did. If it never defaulted and was settled in July 2016 then yes it will drop off July 2022 six years after it was settled