Settlement on 6 year old account, credit file impact?

getinthere123

I have been paying a PRA account for over 6 years.  The account has dropped off my credit file some time ago due to age.

I now want to make a settlement offer to clear the balance (c.£1400). 

My question is, if I do so will there be any impact upon my credit file?  Will the account re-appear here for another 6 years?  Or, will the fact that the account had dropped off mean nothing else will be recorded?

Many thanks, I don't want to have any new entry so if need be will just pay off the balance in full.  They only seem to be offering a 5% discount in any event.

stewartwilliams

I've got an account, with another agency, that hits the 6 year point since the default date at the end of next month.
Been paying every month at £25/month, and they haven't been chasing me for more.
Not been offered any discounts even though there's still over £3k left and at the present rate, will take 10 years to pay back. No idea is stopping payments once it drops off could result in any further action?
(from advice in another thread, I may do a request for the, CCA?, paperwork first)

sourcrates

getinthere123 said:

I have been paying a PRA account for over 6 years.  The account has dropped off my credit file some time ago due to age.

You said it yourself, once its gone, nothing can bring it back.

Your settlement will have zero impact on your credit file.

getinthere123

Perfect, thanks for the confirmation.  That is what I thought but was being really cautious as I didn't want any unexpected consequences.