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newstart7

Hello all,

I am new here but have been reading several older posts for a few months.

A quick summary of my situation is that I got in to a unaffordable debt situation with around 10 creditors, I had managed to juggle the payments for a few years but eventually it all got too much due to my partners income decreasing substantially (out of their control).

This cause the payments to be unaffordable and I started to miss payments.

I started off by contacting each creditor and getting arrangements to pay on my accounts but after reading several of the posts on here, I realised that defaulting the accounts and then repaying them once they are defaulted would be the best way to not impact my credit file for as long. 

Some of these accounts have now defaulted, however even though on my credit file it says date of default is for example February 2024. For each months payment since February onwards it is showing under each payment a D for default. So for example March, April, May, June, July 2024 are all showing as defaulted payments even though the default date is Feb 2024. So in six years time will my credit file be clear from feb 2030? Or will it take longer for it to show as clear due to all the default markers on the following months since feb?

I hope that makes sense. I have attached a screenshot to try and make it clearer what I am trying to explain. 

Thank you for any help it would be much appreciated.

stu12345_2

6 years from the date of default, simple as that feb 2030

sourcrates

This is an often asked question on the credit file and ratings board.

An account defaults once only, the "D"`s you see on your report are just monthly status updates of that default.

It will show that way every month until 6 years have expired, and then the whole entry will be removed automatically.

newstart7

Thank you both for your help in clarifying this, much appreciated.

Rob5342

Do you think the loans were unaffordable when you took them out, if so it might be worth making an affordability complaint. I got one default backdated and two removed completely by doing this.

https://debtcamel.co.uk/refunds-catalogue-credit-card/

Also, if you think they should have defaulted you earlier it might be worth complaining too:

https://debtcamel.co.uk/debt-default-date/