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  • FIRST POST
    • philpot24
    • By philpot24 9th May 18, 4:22 PM
    • 9Posts
    • 0Thanks
    philpot24
    Default removal: default date or account ended
    • #1
    • 9th May 18, 4:22 PM
    Default removal: default date or account ended 9th May 18 at 4:22 PM
    Hi guys,

    Quick question as Iíve found conflicting information and knew this was the only place I could trust!

    Iíve got a defaulted account dated September 2012. I made a payment in August 2016 to settle it.

    Iíve checked my Noddle file and it shows defaults date September 2012 correctly and the account end date is August 2016(date I settled it). All makes sense.

    Will this account be taken off my Noddle file 6 years as of default date or 6 years as of account end date.

    Iím under the impression itís default date so Sep 2018. Is this correct?

    Thanks Iím advance,

    Phil
Page 1
    • Gary_Dexter
    • By Gary_Dexter 9th May 18, 4:25 PM
    • 1,124 Posts
    • 620 Thanks
    Gary_Dexter
    • #2
    • 9th May 18, 4:25 PM
    • #2
    • 9th May 18, 4:25 PM
    Date of default - so September 2018

    Though the CRA's might not get updated until the next month
    • Adam_Laing
    • By Adam_Laing 18th May 18, 12:12 PM
    • 1 Posts
    • 0 Thanks
    Adam_Laing
    • #3
    • 18th May 18, 12:12 PM
    • #3
    • 18th May 18, 12:12 PM
    Hello,

    I have had a similar issue to this. I had a default that started in 2016 with Halifax due to an overdraft. Settled the overdraft a couple weeks ago as when i was in Natwest ( my now current bank) opening a help to buy ISA they told me if i cleared the default balance with Halifax, they can remove the default from my account.

    I spoke to Halifax once i cleared the default but they told me its not possible for them to remove the default from my account and i will have to wait the next 4 years for it to come off my account. I was hoping to get a mortgage next year and im really fearing this is going to stop now! is it possible for companies to remove defaults before the 6 years are up?

    Thanks
    Adam
    • Tarambor
    • By Tarambor 18th May 18, 12:37 PM
    • 2,827 Posts
    • 2,042 Thanks
    Tarambor
    • #4
    • 18th May 18, 12:37 PM
    • #4
    • 18th May 18, 12:37 PM
    All entries stay in place for 6 years after they're put on your file. The only way companies will remove defaults is if they were incorrectly applied, i.e you hadn't actually defaulted. Paying them off doesn't get them removed from your file.
    • Gary_Dexter
    • By Gary_Dexter 18th May 18, 12:37 PM
    • 1,124 Posts
    • 620 Thanks
    Gary_Dexter
    • #5
    • 18th May 18, 12:37 PM
    • #5
    • 18th May 18, 12:37 PM
    No - as it's a true representation of what happened.

    Speak to a broker if you're looking for a mortgage with a default - though 1 paid off default will look better then many or ones not paid off
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