I meant after the 6 years after the default.

So if I was to settle one that had defaulted 4 years ago it wouldn't start a new 6 years under a new type of default? It would just expire in 2 years? Do unpaid defaults affect getting a mortgage in any way? Thanks for all your help!

Hi, I've read that a default stays on your credit file for 6 years, but what about if it's not settled? If a loan defaulted 5 years ago but is still being paid slowly, then after the 6th year will it be wiped from the credit history? Just worried if I was to ring up and they change it to a "default settled" or "default partially settled" that it would stay on for another 6 years if that makes sense? Thank you!

thanks, thats going to make things easier!

Hi, yes it is, thanks!

Hi, not sure if this is in the right place sorry! I had a business with a business bank account, and a business paypal account. Paypal decided to do a refund without my knowledge for a product that was never returned and they have been chasing the debt for almost 2 years, I've contacted the FSA, and to cut a long story short I can't provide enough information because they've pretty much shut the account down and I can't get any info out of it. Unfortunately the business has applied to be struck off, my question is - will this debt be struck off with the business seeing as it belonged to the ltd company? Or will I be liable as the director? I've tried to find out about a personal guarantee on any debt on the account but can't find anything? Thanks!

Hi, I was advised to look into a debt relief order to clear my debt. I've been on a DMP for almost 3 years and don't seem to be getting anywhere... My debt however comes to about £13.5k, however I have a joint loan with my OH who will take the loan on solely in his name, the loan is £6500. Assuming that I own half that debt, this puts my debt at around £16,750 Is that how it's worked out or do I have to include the whole loan into the equation? That obv puts me over the £15k limit, but when I was reading up on the DRO it said "You can't add new debts to the debt relief order or debts that you forgot about. You will, however, have to tell the official receiver about any new debts which you get during the period of the order." Surely I am therefore able to unofficially forget about that loan? It's the only one that would get paid in time anyhow? The only other option I was considering was to try and borrow £1k or so from my parents to try and clear one of the debts off that would bring it down to under the £15k limit, but that would have to mean that only half the debt value of the loan is taken into account.... Any advice? thanks!