Hi,

I would really appreciate some help on this.

I took out a loan around October 2008 from Santander (£25K).

I made regular payments till April 2010

sadly my career took a nose dive and I was unable to continue payments.

I have not made payments since and

I was unable to get any credit anywhere as a result s

I never looked at my credit file.

Since then I have had various communications from the bank

as well as letters from various debt collection agencies (around 10 different ones)

saying that they have taken over the loan.

I was hoping that after 6 years the debt would fall off my credit file.

Yesterday I got a free credit report from Noddle and it seems that every month I am defaulting on that debt.

My question is,

since the debt is now 6 years old,

will it and the 4 years worth of defaults magically disappear,

or will this follow me around for the rest of my life?

The defaults are updated every month.

Any help will me much appreciated.

krem

6th birthday of the defaulted date in the debt summary line

dx

Hi,

Thanks for getting back to me.

Is that the 6th birthday of the date I made the first default?

I made the first default on April 2010,

does that mean April 2016?

What about the subsequent defaults?

there is a default since then for every month till the present.

Thanks,

Krem

no there are not.

they are monthly status 'markers' that in that month

you continued to be in a default state

they are NOT defaults.

you need the listed date from the debt summary that says:

defaulted on DATE:

then it will be 6yrs from that date

the whole account will vanisn.

however, that does not mean the account id not owed.

dx

and answering your thread title question:

the SB clock will start to tick

around the time of you last payment or letter TO them.

might be a few months later mind

depending upon which 'herd' you come from.

just remember THERE IS NO DIRECT LINK BETWEEN A DEFAULT DATE AND THE SB DATE.

The defaulted date is the December 2010.

I have to wait another 2 years.

I was thinking of paying it off with some sort of payment arrangement.

But if I do this it will start the whole process again.

I really appreciate your advice on this.

Have a good day!

and answering your thread title question:

 

 

the SB clock will start to tick

around the time of you last payment or letter TO them.

 

 

might be a few months later mind

depending upon which 'herd' you come from.

 

 

just remember THERE IS NO DIRECT LINK BETWEEN A DEFAULT DATE AND THE SB DATE.

Thank you.