After dro still showing defaults

Yannerd87 · 7 April 2018 at 1:45PM

Hi..after your response ive phoned barclaycard to update my records to'satisfied'as the debt was included in my dro..they say they just keep it as default for 6 years from date of dro..is this right??all the others debts say closed and satisfied.

mwarby · 7 April 2018 at 2:37PM

even when closed and satisfied, it will still be a default

How long since your DRO completed ?

Yannerd87 · 7 April 2018 at 4:07PM

It completed in sept 17..so will it be 6 years from this date or 5??thanks.

sourcrates · 7 April 2018 at 4:35PM

Hi,

Where creditors are concerned, they are always a little unsure still, how to deal with debt relief orders, and your credit file, on completion.

The FCA handbook states that all accounts included in a DRO, when successfully completed, should be marked as satisfied, and closed, on your credit file.

This should automatically happen on the next update after completion of your DRO, but as i said before, sometimes you have to chase them up to do it correctly.

Defaults stay for 6 years, so after your 12 months monotaurium period, it will show for a further 5 years.

mwarby · 7 April 2018 at 8:06PM

I believe defaults are 6 years from the date of default, so if default was before the DRO it will drop off sooner. The DRO will drop off 6 years from the start date of the DRO

Yannerd87 · 7 April 2018 at 9:27PM

Thanks..il just leave it then..doesnt make any difference to me..won't be having any type of credit or loan again..lesson learned !!!128077;

MalMonroe · 7 April 2018 at 9:34PM

If you want anything removing you have to write to the bank concerned. They won't do it by phone. It's worth just writing a quick letter to Barclays to get them to do the right thing. They did the same to me, I wrote, they corrected it. Credit file is still important, even if you think you have learned your lesson.

After dro still showing defaults

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