www.iva.co.uk

Having just received my COC I have obtained my credit files from both Experian & Equifax and although I am aware that after only 1 week or so I doubted any of my creditors would have updated the records on my file, I wanted to see what was currently shown on the file and then could check that the defaults were all set at the correct dates etc.....there lays my first issue, Does the 6 year rule mean that once the anniversary of the 6 year period is reached then Experian & Equifax will automatically remove that record from my file or does the creditor themselves have to advise them to remove it?
I have also found an account with Amex on my report which had a default date as 12/11/07 and it is still on there despite the fact that following the 6 year rule it should have dropped off on 12th November this year???
Can anyone explain to me if this is correct and I have missed something I do not want to go to the trouble of sending letters to get corrections made if there is a reason that I am not picking up???
The far more serious implication is that the rest of my credit accounts are set to drop of under the 6 year rule within the next month and if this is going to be the case for all of them I will have a lot of letters to send out.

Thanks Guys!

FF

Hi, I have just posted similar details a week ago here about creditors updating these records and now I cannot find it. I would like to know the same as I am now over 6 years and completed IVA. I have already passed one credit check for renting a property but I am not sure how much detail that credit score check went into.

I wish I could find that previous post I entered here on the forum, I am finding it difficult to find things again here sometimes.

Maz

Was it on this thread, Maz ?

http://www.iva.co.uk/forum/topic.asp?TOPIC_ID=55897

Hi, not sure where it was under but it was in response to someone somewhere here!! I know i have done this before. Maybe it's just me can't remember where I put things [:D]

Maz

If it was only due to drop off on the 12th I'd allow about 2 weeks after that for things to drop off before chasing things up.

Paul

Defaults do not necessarily fall off after 6 years to the day, as the Credit reference agencies will do bulk updates of files every so often.
If you notice a default several weeks or months after they should drop off, you can call the CRA and they often will run an update of your file overnight.

Hmm...I phoned Equifax last night and was told it was done every 31 days and I'd have to wait.

I guess that's there decision but I have known cases where they have run an update for old defaults remaining on the credit file.

Fingers crossed you will not have long to wait now

thanks for all the comments/advice I will leave it a while longer and see what happens. I also noticed a couple of credit accounts which have never been in default and are shown as settled a nil balance and they date back to 2005/6 does the same rule apply to such accounts even though there is no default??

Anyone who checked their Experian to find accounts showing as red (Default) on the headers and when you click into them they are shown as satisfied????...Im not sure if that is an error on the part of Experian or what??