Messed up credit file

Without a hint of irony, "MadCrazyNewbie" astounded uk.finance on 14 Jun 2004 by announcing:

Did you need the money? Can you use it to immediately pay off your HSBC loan?

It's a good start. Account information is held for 6 years on CRA files so it'll take at least that long until the record of your defaults is cleared.

See what is registered on your credit report and at the Registry Trust (records CCJs)

I don't think you need to apply for new loans. The important thing is to keep to the terms of the existing loans eg min. payments on time

Nothing else - apart from avoid the credit repair agencies. See the comment from the OFT on my webpage.

Excellent - you've done all that you can.

Links on my webpage

hth

Daytona

And for further clarity, default information will clear 6 years fom the date of default not from the date the default is paid. For example, if you're default is dated 1st January 2001, then it should be removed from your credit file on 1st January 2007, even if you don't pay it off until 31st December 2006.

Without a hint of irony, "D.A.L." astounded uk.finance on 16 Jun 2004 by announcing:

Although if you haven't paid it off until 2006, you're probably still in default for the subsequent months anyway.

In message , Daytona writes

I think Daytona is generally right, but in this particular point I think that it will have done your 'credit rating' more good that than harm to have been accepted for this credit application. It is now even more vital that you maintain your commitment to this creditor in an exemplary manner.

You mean just keep to the repayment plan - nothing exemplary about that, just common sense.

In message , D.A.L. writes

We are talking about a guy who has not been able to do that n the past. Some people are unable to keep to the repayment plan due to circumstances beyond their control.