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Default balance question


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Hi,

 

I was wondering if someone could answer this question for me please.

 

If you have a default balance on your credit file which is correctly there say registered on Jan 2005 and no payments have been made since. If you were to make a full payment today would the default history come off your file in Jan 2011 or would it be there for 6 years after you had cleared the balance?

 

Thanks in advance

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Default will come off your file in Jan 2011 regardless of whether you pay the balance or not. The difference would be that if you pay it then the account should be updated to show that the balance is satisfied, rather than showing you still owing the debt.

 

If you intend on making any applications before Jan 2011 then it would definitely be advantageous to clear the balance and making sure the default is updated before applying.

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