5 years since defaults… next steps

Clive1980

I had 5 defaults about 5 years ago following a divorce.  4 of the debts are now settled (partially satisfied).

I have one sizeable defaulted debt of about 18k.  Link Financial own it, they are yet to respond to my CCA request so I believe it’s unenforceable for now.

This default was recorded almost 5 years ago, I know the default will drop off my file after 6 years but will the account/amount still show on my credit file? Thinking how this will be perceived for future lending.  I haven’t paid a penny off it in almost a year.

thanks in advance 

SusieT

The default and the entire account will go from your credit file, but if a future lender asks about other debts then (unless it has reached statute barred some point in 2027) you still have to declare it 

peteuk

I’m no expert (sorry) but there was mention of what happens if they don’t respond to a CCA.
If you stop paying it now, it will remain on your credit file fox 6 years post default, but status bar will be 5 yrs after you last payment.

If you stopped paying it when the default was applied then will remain on your credit file until 6 years post default and the payment would be after 5 years from last payment.

I think that’s right….

Rob5342

It will drop off the credit report 6 years after the default date, and will be statute barred 6 years after you last acknowledged it (making a payment or acknowledging it in writing). Those things are independent of each other, the debt camel website has more details.

sourcrates

The default, and the entire entry, will drop off your credit file at the 6 year mark.

The account will no longer be visible to anyone.

Until they respond it will remain unenforceable, however long that may be, the debt will still be owed, but cannot be enforced through the courts, and, as long as no further payment or written acknowledgement takes place, it will eventually go statute barred.