Statute Barred Debt And Credit File-Clarification

smalandcute

Hi all,

I have a debt with one of the banks which is due to go SB in the next few months, and has shown as defaulted on my file for almost 6 years of first default date.

Once it reaches the 6 year date, does the account drop off my credit file or will it continue?

TIA

Willing2Learn

What do you mean by "first default"?  An account can only be defaulted once only.

As far as your three credit files are concerned, the account will be automatically removed six years from the date of default.

smalandcute

Willing2Learn said:

What do you mean by "first default"?  An account can only be defaulted once only.

As far as your three credit files are concerned, the account will be automatically removed six years from the date of default.

Thank you this is the info I was looking for, account has been marked as open and in default status for almost 6 years.

boo_star

smalandcute said:

Willing2Learn said:

What do you mean by "first default"?  An account can only be defaulted once only.

As far as your three credit files are concerned, the account will be automatically removed six years from the date of default.

Thank you this is the info I was looking for, account has been marked as open and in default status for almost 6 years.

It will drop off 6 years from the date of default.