Hi Joe51.

Defaulted accounts will fall off your credit file 6 years after the original date of default.

This date of default (when the "default notice" was issued) should not be dated after your trust deed began.

As far as I'm aware this is automatic. I don't believe any creditor intervention is required.

It might be different if no default notice had been issued I suppose, but I understand this almost always happens eventually for accounts that have been included in a trust deed.

Many thanks TDA, that's what I thought, but they were told by a credit agency that it might take another few months as the companies update 'their' files. Take about dragging it out
Thanks -as always

I think each party might have been talking about slightly different things Joe51.

In all the years this site has been running I cannot recall anyone saying that a defaulted account didn't vanish from their credit file six years after the date of the default notice. It's automatic as far as I know.

Can I jump on the bandwagon on this, as another aspect of this has confused me. I have just completed a DAS, but every month since the beginning has shown up as a default on my credit file. I had been under the impression that the default was from the date I signed? So, does this mean that I still have another 6 years before my credit is repaired? Just checking!

Hi scared11.

Two different things here:

1 - A "default notice" - this has a single date of issue.

2 - "D" or "default" markings each month on your credit report. This signifies that the account continues to be in default.

The account should vanish from your credit report six years after the issue date of any "default notice".

So, just to check, despite my DAS being 5 years old, and defaults therefore naturally will show, the accounts will disappear next year? I guess the accounts have technically been closed for 5 years now? Sorry if that's a stupid question - just want to be totally sure!

You'd need to see whether default notices have been issued on each account scared11.

I'm afraid I don't know whether creditors tend to do this immediately at the start of a DAS or not.

I'm also not sure whether there is any requirement in terms of default notices that they be backdated to the start of a DAS in the event that they were issued later. This is the case for trust deeds, but DAS isn't insolvency.