How long until this default falls from my credit file?

[JoeyJoeC]

I had a loan back in 2008 which I haven't been able to pay.

 

I made my last payment to them in 2012 I believe.

 

My credit file shows I have been defaulted every month since.

 

Does it take 6 years from the last default,

or 6 years from the last payment to the bank?

 

I've been turned down mortgages because of this,

and wondered what year it will be when I can get one.

[rebel11]

6 years from the last default.

 

Bottom of page 6.

 

http://www.scoronline.co.uk/files/scor/high_level_prinicples_document_final.pdf

[JoeyJoeC]

Crap... Thought as much!

 

Just need to work out when the defaults stop.

 

Another decade of private renting instead then.

[dx100uk]

is there a defaulted date in the debt summary details

 

dx

[JoeyJoeC]

Got some of the dates wrong: But here it is.

 

Account start date **/09/2007

Opening balance £ 18,566

Regular payment £ £ 223

Repayment frequency Monthly

Date of default **/05/2011

Default balance £ 11,395

[dx100uk]

All references to a defaulted debt must be removed from your credit files after 6 years

has passed from date of default, whether paid off or not.

.

the WHOLE ACCOUNT WILL VANISH, never to return.

.

however, this does not mean the debt itself is not still owed

consider a CCA request.

.

This is so that someone who continues paying something

- even after 6 years from default

- should not be at a disadvantage to someone who pays nothing after default

and ends up with a clean file after 6 years.

 

so 05/17 it will vanish

[JoeyJoeC]

Right thanks!

 

If I had the money - or even ever saw the money from the loan, I would be paying it back. Stupid decision some time ago, I just hope to be able to get a mortgage. Was worried that this would be 6 years, after the last default, But at least that is a relief!