Defaults and still paying towards them

Mappedupuk

Hi I have 8 defaults on my report due to many reasons not on my behalf but never the less there still there. They happened around two years ago according to my report, but I’m a DMP and there still getting paid off monthly, should I still carry on paying towards them or stop the payments and someone has mentioned the default will not drop off as it’s from the last payment date? Please could someone explain 

thank you 

sourcrates

Not sure I understand the question, can you be a bit clearer ?

Defaults stay on file 6 years regardless of what you do.

Mappedupuk

Basically should I carry on paying off the defaults? and will they still chase me for the money even if I’m paying towards them now in there defaulted status after the 6 year period when it disappears?

thank you 

ThisnotThat

Mappedupuk said:

Basically should I carry on paying off the defaults? and will they still chase me for the money even if I’m paying towards them now in there defaulted status after the 6 year period when it disappears?

thank you 

A debt dropping off your credit file has no bearing on its status of being statute barred, which won't happen until 6 years from the date of last payment or you acknowledging the debt.

If you stop paying it now they have 6 years to pursue you for it through the courts.

sleepyjones

If you have a default, for example where the default date is 6 June 2015 (exactly six years ago today) but you're paying it off monthly ... does the default still drop off at that 6 year point, or does it remain for a further 6 years after you've made your last payment to settle?
Does it still disappear (from your file) if you are still making payments towards it?

I get that they can still get a CCJ after the 6 year period because you've made payments since that default date, but I'm just wondering about how the actual default and your continued payments towards it are reported after the default drop-off date.

sourcrates

sleepyjones said:

If you have a default, for example where the default date is 6 June 2015 (exactly six years ago today) but you're paying it off monthly ... does the default still drop off at that 6 year point, or does it remain for a further 6 years after you've made your last payment to settle?
Does it still disappear (from your file) if you are still making payments towards it?

I get that they can still get a CCJ after the 6 year period because you've made payments since that default date, but I'm just wondering about how the actual default and your continued payments towards it are reported after the default drop-off date.

Sleepyjones covers it here - After 6 years, the default, and all entries associated with it, will drop off your credit file, regardless of what you do.

Your continued payments are no longer recorded, at least not on your credit file, but the creditor will still record this information internally, and make it available to you in the form of a statement.

Failure to keep up with payments could still result in legal action, as the fact the debt no longer shows on your file does not in itself preclude legal action.

sleepyjones

Perfect, thanks.  That's what I thought but one of the replies on here had me questioning it.