I had a defaulted loan with Welcome Financial Services Plc, well actually i never paid one payment. The start date was 22/03/2000, as per my credit record, yet the default date was 05/02/2003. Which date should be taken into account when calculating when i can get ot removed.
I read on another post and i quote
"Account information is held by the credit reference agencies for a period of six years after the account was last active. It does appear to be the case, at least at the present time, that in addition to current credit commitments the preceding six years of an individual's credit history is taken into account by credit grantors when applications for credit facilities are assessed. As a consequence this historical information would appear to be relevant to the purpose of credit referencing and by holding this information the agencies would not appear to be in breach of the fifth principle"
Based on information above, i think it was a response form the Data Commisioner i could have the file removed from my record.
What does everyone think? Also shouldnt the Default date start when you last missed payment. Surely not 3 years later?