Default on Credit File, wish to pay off

[volvo85]

Hi New to these forums, so Hope I am posting in correct section.

 

I have recently got my credit files and have noticed I have a couple of defaulted accounts.

 

One is defaulted in august 2009 and owe £528.00.

I've been told after 6 years (august 2015) this will be removed from my file.

 

However If I pay this account off now, ie pay the £528.00 I owe, will it start the 6 years again from date of payment before removed from my file or will it still be 6 years from original default date AUGUST 2009.

 

Many Thanks for anybody who replies

 

Adam

[Bombaymix]

Hi Adam.

 

Welcome to CAG

 

I believe that it will drop off your credit file on its 6th birthday from date of default.

 

Don't quote me on that though. Await further advice from somebody with more knowledge about this subject.

 

Regards

 

BM

[renegadeimp]

Bombay is correct. The 6 years thing is to do with statute barred. It has nothing to do with an entry on your credit file.

 

I think what you are wanting to do is a FUll and FInal settlement. If so, you need to word this specifically in order to get the default removed. Otherwise it will simply be marked as satisfied and the default will still remain on there. If a DCA is in control of the entry on your file, they would be much more welcoming to your offer. But if a DCA has your account, you need to be asking why, and ensuring you (and them) have the paperwork.

[BRIGADIER2JCS]

When was the last payment or written acknowledgment made on this debt?