full and final settlement and credit report

[richarddawkins]

Hi CAG team,

 

I have a credit card debt. A full and final settlement was reached. Can you tell me when will it come off my credit report. Will it be 6 years from date of settlement or from the original default date.

 

regards

[Bandit127]

It should be 6 years from the default date. It should also be marked "settled" - either partial or full.

[cerberusalert]

As you're not in the UK your credit file here will have no bearing on where you are now.

[Sue72]

As you're not in the UK your credit file here will have no bearing on where you are now.

 

This is not necessarily true. After my husband was made redundant we applied to the bank here in Spain, for a period of interest only on our mortgage. We were asked to supply UK credit reports.

[cerberusalert]

What I meant was a foreign creditor or debt collector cannot legitimately access a UK credit file because of the data Protection Act, nor can a UK debt be registered on a foreign credit reference file. Obviously there is nothing to stop a prospective creditor from asking you to provide a copy.

[Sue72]

Yes, that is very true and I didn't mean to contradict you, sorry. I just think people should be aware that a poor credit file can still have serious repercussions abroad.

 

In our case we are having to sell our house because the bank refused to extend the term of the mortgage which would have made the repayments affordable.

[cerberusalert]

I didn't read your comment as a contradiction. I should of really expanded my original comment in the first place.