credit file

Six years from the date of registration.

thanks for the speedy response ~ I've a default on an Egg credit card that equifax shows multiple entries as:

Company Type: Credit Card Account Type: Credit Card Last Update: 11/12/2000 Start Date: 03/04/2000 Start Balance: 0.00 Current Balance: Account closed on 13/11/2000 Credit Limit: #,###.00 Regular Repayment Amount: Not Applicable Number of Repayments: Not Applicable Repayment Frequency: Monthly Worst Status: 1 payment late

Company Type: Credit Card Account Type: Credit Card Last Update: 12/11/2001 Start Date: 03/04/2000 Start Balance: 0.00 Current Balance: Account closed on 29/06/2001 Credit Limit: #,###.00 Regular Repayment Amount: Not Applicable Number of Repayments: Not Applicable Repayment Frequency: Monthly Worst Status: Default ~ (this was a error by Egg who didn't issue a default notice ~ the account was 4-5 months late. Subsequently they reinstated the account & increased the credit limit!)

Company Type: Bank Account Type: Credit Card Last Update: 06/07/2006 Start Date: 03/04/2000 Start Balance: 0.00 Current Balance: Account closed on 07/07/2004 with an outstanding balance of ##,###.00 Credit Limit: ##,###.00 Regular Repayment Amount: Not Applicable Number of Repayments: Not Applicable Repayment Frequency: Monthly Worst Status: Default ~ (30 payments on time, then 2 months missed payments then brought up to date then default immediately issued by egg)

Surely this shouldn't still show on my file now?

Sorry, forgot to add, this doesn't show on Experian !

Normally with a default, you get a date showing when it was issued. The credit file for the account should say something like: Date of Default: xx/xx/xxxx. It's not clear when the date of default was from what you've posted. However, if I can make the assumption that the 'start date', is the default date, then the default notice should have dropped off your record on the 03/04/2006. If it hasn't, which is what appears in your case, you can write to the credit reference people and ask them to remove it.

Different agencies report different things. Hence why you should get a report from each of them.

Many thanks for your help Gus

The current account balance was closed on 07/07/2004 with an outstanding balance. Therefore it should drop off your file on

Rubbish - it doesn't matter when it was paid off, or if the debt was never paid off. The date a default notice clears off a credit file is 6 years from the day the default was registered on the credit file.

The only way a default notice would extend beyond the date when the original default notice was issued would be to issue a second default notice, however, if the debtor was making steady payments to repay the debt, then the debtor can ask for the second default notice to be removed. A second default notice is only normally issued when the first one was not received, for example, if the debtor moves house without informing his creditors of his new location but was then found by the creditor who would then issue a second notice. The defaults would be on the credit file at both the former and current address.

And as an aside issue - a default notice is, in my opinion, is as bad, if not worse than a CCJ. At least with a CCJ you have the opportunity to make good the bad information by clearing the debt within 30 days of it being registered and ask for it to be removed from your credit file by sending a Notice of Satisfaction to the relevant agencies. A default however, will normally stay on your file for the full 6 year term of it first being registered on your credit file, even if you start making repayments to clear the default and/or pay off the debt. You can sometimes negotiate the removal of the default with the creditor, however, in a lot of cases, most lenders do not budge and want to damn you in to credit obscurity forever.

What's rubbish? Where does it say when the default was registered?

Now you're being perdantic - OK, perhaps 'recorded' might be a better turn of phrase.

It's not easy to get any sense out of you. Typical free email account type I suppose.

I'll rephrase the question to your satisfaction:

Where does it say when the default was recorded?

In message , Gus Ulton writes

What a strange post.

If the creditor goes as far as a CCJ then the default will already be posted on the file. You seem to misunderstand CCJs. A CCJ is only registered if you dont pay 28 days after judgement. If you dont pay in that time it is registered. If you pay it off 1 day or 30 days (as you claim) or 457days after it is registered, then it will always show as registered but as subsequently satisfied.

At 00:56:30 on 29/08/2006, John Boyle delighted uk.finance by announcing:

AIUI (AFAIK it was the case at the end of the 90s) the CCJ is registered once it is made. If you settle within 28 days of the judgement you can then apply for a certificate of satisfaction which you forward to the CRA who then remove the entry. Failing that, once it's paid it gets marked as 'satisfied' but remains for the 6 years.

In message , Alex writes

Ahh you could be right. I think it was in prior days when judgement was made you have 28 days to settle it. Many debtors will then pay, especially if the case has been about a disputed debt upon which the court has been asked to make judgement. The CCJ is not then registered because there is no defaulter.