Thanks but which is correct? Six years from default date?

Just after some advise guys. I had a loan with Black Horse which I defaulted on about four years ago but recently had an offer to settle at 50%. If I accept will this stay on my record for six years from now or from the date of the original default? All advice much appreciated.

Thanks for all your advice. Any prosecution may result in my wife losing her job and therefore hindering any repayment, do you think they would take that into consideration? Hoping to get a call back from a local solicitors who have agreed to help and attend the interview.

Thanks for the advice, I think an offer of a penalty or caution would be great, do you think they offer that at the interview? Also I've heard that the DWP normally always prosecute if the overpayment is over £2000, is that correct?

Hello All This is my first thread and hoping for some advise please. My wife has been receiving carers allowance for our son for about six years now but she started work in January 2011 but we failed to notify the DWP. This is entirely my fault as I am the one who looks after the finances and should have realised we had to notify them. We informed the DWP of the change of circumstances on Wednesday of this week and were given a local number to ring, the person we spoke to is a fraud investigator and advised her that a letter had already been sent this week to invite her to an IUC. We did not receive the letter until yesterday. We know we have made a huge mistake and the overpayment is between £4000-£4500. My wife's really upset and scared as to what might happen, she works in a school and loves her job and we have read that a criminal prosecution is possible, a conviction would result in her losing her job. Can you give any advice in regards to the IUC, Do we need a solicitor? Can I attend with her? What would be the likely outcome? What should she say or not say? Many thanks in advance.