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Defaults
TerryAlderson
Posts: 8 Forumite
Evening ☺️
I would like some information about when defaulted accounts come off a credit report. I have an account below that is settled.
Account start date
I would like some information about when defaulted accounts come off a credit report. I have an account below that is settled.
Account start date
17/02/2015
Account end date
12/11/2016
The account has payments on time then a few missed payments then some payments on time, then there were continuous missed payments before it was settled in 2016.
The account has payments on time then a few missed payments then some payments on time, then there were continuous missed payments before it was settled in 2016.
I would like to know if anyone could tell me when the account will come off my credit report is it from the start of the account or the end?
Many thanks
Terry
Many thanks
Terry
0
Comments
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Neither.
It's from the default date.0 -
They usually stay on for six years after closure. That's certainly what happened to me, anyway. So not long to go now!Please note - taken from the Forum Rules and amended for my own personal use (with thanks) : It is up to you to investigate, check, double-check and check yet again before you make any decisions or take any action based on any information you glean from any of my posts. Although I do carry out careful research before posting and never intend to mislead or supply out-of-date or incorrect information, please do not rely 100% on what you are reading. Verify everything in order to protect yourself as you are responsible for any action you consequently take.1
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So is it from the first default date regardless if there was full payments made inbetween?Deleted_User said:Neither.
It's from the default date.0 -
Was the account defaulted, or are you talking about missed payments only?1
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Actually, I have 1 account that just has missed payments then closed. But I do have 1 account in default that I pay minimum payment too.LordSomebody said:Was the account defaulted, or are you talking about missed payments only?0 -
Where an account is closed, with no default or AP marker, 6 years from closure.
Where an account has a default, 6 years from the date of default.Mortgage started 2020, aiming to clear 31/12/2029.1 -
Thanks 😊MovingForwards said:Where an account is closed, with no default or AP marker, 6 years from closure.
Where an account has a default, 6 years from the date of default.1 -
Hang on though, didn't you say the account was CLOSED in 2016? So it should be six years from the closure date, as I said before, NOT the default date. I'm not sure how it could have been closed if there was still a default on it?? It shouldn't have been anyway.TerryAlderson said:
Thanks 😊MovingForwards said:Where an account is closed, with no default or AP marker, 6 years from closure.
Where an account has a default, 6 years from the date of default.Please note - taken from the Forum Rules and amended for my own personal use (with thanks) : It is up to you to investigate, check, double-check and check yet again before you make any decisions or take any action based on any information you glean from any of my posts. Although I do carry out careful research before posting and never intend to mislead or supply out-of-date or incorrect information, please do not rely 100% on what you are reading. Verify everything in order to protect yourself as you are responsible for any action you consequently take.0 -
Sorry I meant default as in missed paymentsMalMonroe said:
Hang on though, didn't you say the account was CLOSED in 2016? So it should be six years from the closure date, as I said before, NOT the default date. I'm not sure how it could have been closed if there was still a default on it?? It shouldn't have been anyway.TerryAlderson said:
Thanks 😊MovingForwards said:Where an account is closed, with no default or AP marker, 6 years from closure.
Where an account has a default, 6 years from the date of default.0 -
It's six years from the date of default. Stop giving people bad advice.MalMonroe said:
Hang on though, didn't you say the account was CLOSED in 2016? So it should be six years from the closure date, as I said before, NOT the default date. I'm not sure how it could have been closed if there was still a default on it?? It shouldn't have been anyway.TerryAlderson said:
Thanks 😊MovingForwards said:Where an account is closed, with no default or AP marker, 6 years from closure.
Where an account has a default, 6 years from the date of default.3
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