How long for defaults

[missy]

Hi

 

My question is about how long defaults stay on your CRA account. I know a debt is unenforceable after 6 years so would all default notices be removed after 6 years or would each default notice stay for 6 years. If that is the case a record of the debt would be on your account for 12 years.

 

Thanks

[Quality Bird]

I'm sure it's 6 years from Default date and Defaults should be added to file after not much more than 6 Months from last payment / acknowledgement / casue of action.

But I could be wrong

HTH

[huggy41]

Quality Bird is spot on.

[missy]

Hi

 

So if a default is added each month for 6 years then it will take 12 years to clear all record of that debt from your credit file.

[bigshoes...bigsocks]

why would a default be added every month? do you mean they update your credit file every month to show you are still defaulting? that doesnt changethe default date.

[missy]

Hi

 

Sorry that is what I meant. My credit file is updated each month. A DCA cannot provide me with valid CCA and I have not been paying until they do. This has been going on for three years and I have 3 years do missed payments on my credit file.

[cerberusalert]

A default should automatically drop off your file six years after it was first recorded, the updates have no bearing on it.

[Let Them Knock]

Hi

 

Sorry that is what I meant. My credit file is updated each month. A DCA cannot provide me with valid CCA and I have not been paying until they do. This has been going on for three years and I have 3 years do missed payments on my credit file.

 

Well done, 3 down and 3 to go. Without a CCA they cannot take you to court, all they can do is ask for the money. Once you have achieved 6 years without making payment or admitting the debt in writing it will be statute barred and you have won.

[renegadeimp]

To add to the advice above, if the accoutn is unenforceable, the creditor should stop chasing you. However, for some reason, a lot of creditors dont. Maybe they think that continued harassment ( a violation of multiple OFT guidelines) will make you pay something to them.