We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Missed payments on credit report and how long for them to disappear
Options
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?
0
Comments
-
The history will show for 6 years falling off as each month passes. The account will fall off completely in February.
0
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 350.9K Banking & Borrowing
- 253.1K Reduce Debt & Boost Income
- 453.6K Spending & Discounts
- 244K Work, Benefits & Business
- 598.8K Mortgages, Homes & Bills
- 176.9K Life & Family
- 257.2K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards