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Missed payments on credit report and how long for them to disappear
DanDee21
Posts: 8 Forumite
Long story short.
I had a current account with HSBC in 2016 which had a £500 arranged overdraft. I maxed out on the overdraft 6 months after I opened it and because I was going through financial difficulties, I couldn’t make a payment to reduce it. After 6 months of making no payments HSBC reduced the overdraft availability to £0 which meant my outstanding balance was now un-arranged overdraft. HSBC stated at the time that I need to pay them back and started treating it as a loan (essentially that what unarranged overdrafts are) and started recording missed payments starting in September 2017. Three further missed payments were recorded in Oct, Nov, and Dec. I settled the account on February 2018 and closed it right after.
Question: when will the missed payments and the account disappear from my credit file? September or February?
I had a current account with HSBC in 2016 which had a £500 arranged overdraft. I maxed out on the overdraft 6 months after I opened it and because I was going through financial difficulties, I couldn’t make a payment to reduce it. After 6 months of making no payments HSBC reduced the overdraft availability to £0 which meant my outstanding balance was now un-arranged overdraft. HSBC stated at the time that I need to pay them back and started treating it as a loan (essentially that what unarranged overdrafts are) and started recording missed payments starting in September 2017. Three further missed payments were recorded in Oct, Nov, and Dec. I settled the account on February 2018 and closed it right after.
Question: when will the missed payments and the account disappear from my credit file? September or February?
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Comments
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The history will show for 6 years falling off as each month passes. The account will fall off completely in February.
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