6 years approaching

Clive1980

I took out a bank loan in June 2016, I defaulted in March 2018 with the debt being bought by Link Financial and managed by Wescot.  I have made some offers to Link in the past of about 30% settlement, but their compromise is nowhere near affordable.  Will this default be dropped from my file in a few months if it is approaching the 6 years?

sourcrates

Yes in March this year the whole entry will disappear.

If you made those offers to Link in writing, then you will have re-set the limitation clock, so the debt will still be live and collectable, if you made the offers verbally, then that does not count and the debt will become statute barred, it all depends how you dealt with matters.

BadDebtor

That's why I never engaged any of my roll of debt collectors, even if they were legit offers I was not going to engage.  

Keep an eye out for CCJ's taken at old address, check both in March and thereafter, they have a habit of sending a claim to your old address even though they know your current address.   You of course do not get the Court papers so it is not defended and they get the CCJ.