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Defaults being shown as settled too early?


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Hi, I've just been looking at my Experian account. I had two defaulted accounts from back in July 2008. However, one is showing as settled (in July 2013) and the other isn't.

 

If the 6 year rule applies then surely the one showing as settled back in 2013 was settled too early and should be settled in 2014? They defaulted within days of each other - why would one be settled and the other not?

Edited by dulwich1980
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The 6 year rule has nothing to do with whether an account has been settled.

 

It simply means that any account (regardless of whether it is settled or not) will vanish in its entirety from your CRA files on the 6 year anniversary of the default date on that account and will no longer be visible to you or on a CRA credit search.

 

If your default dates on those two accounts are July 2008 then they will be removed this July.

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yep!

 

sold on

 

await the deforestation attempt

 

dx

please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

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