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Old Nov 29th, 2012, 04:02 AM   11
suzib76
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Regular payments will only make it healthy once all the bad stuff drops off

I had 2 cards and a catalogue, plus a mobile contract running on mine for 2 years but it wasn't until the bad things finally dropped off my file that I was able to be accepted for anything 'bigger'



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Old Nov 29th, 2012, 12:53 PM   12
superbecks
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Regular payments will only make it healthy once all the bad stuff drops off

I had 2 cards and a catalogue, plus a mobile contract running on mine for 2 years but it wasn't until the bad things finally dropped off my file that I was able to be accepted for anything 'bigger'

I think I make it sound worse than what it actually is. We have a mortgage, payments never missed, loans where payments are never missed, hubby has a barclaycard platinum cc, payment never missed. We both have phone contracts, payments sometimes a bit late and then i always forget to pay very and my credit card. So what do you mean it will take till they have dropped off? What do you mean dropped off? I know when i have looked at credit file online it shows about 2 years worth of payments, so surely 48 months of clearing debt and paying things on time should be enough?



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Old Nov 29th, 2012, 14:16 PM   13
suzib76
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I wasn't posting specifically to you, but it is 6 years credit history that is on your file, not 2.



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Old Nov 29th, 2012, 15:39 PM   14
superbecks
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I wasn't posting specifically to you, but it is 6 years credit history that is on your file, not 2.
Oh sorry i misunderstood. I know ccj's n defaults etc take 6 years but a couple of late payments i know for a fact don't take 6 years to come off



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Old Nov 29th, 2012, 15:44 PM   15
suzib76
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Quote:
Originally Posted by suzib76 View Post
I wasn't posting specifically to you, but it is 6 years credit history that is on your file, not 2.
Oh sorry i misunderstood. I know ccj's n defaults etc take 6 years but a couple of late payments i know for a fact don't take 6 years to come off
how do you know for a fact? can you link me to it please as i have never come across it

credit history runs for 6 years, a late payment or 2 wont be detrimental after a couple of years, but they are still part of your history



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Old Nov 30th, 2012, 03:46 AM   16
superbecks
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On my own credit file. Experian, equifax etc don't show 6 years worth of payments on mine, only the last 48 months for some reason. We went through a phase when i first started uni of making some late payments and within 12 months they weren't detrimental. Sorry you feel this has turned into some sort of debate but i was simply asking what a default was is all.



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Old Nov 30th, 2012, 03:47 AM   17
superbecks
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Oh and these no longer show on my credit file that comes up as it was over three years ago?!



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Old Nov 30th, 2012, 04:21 AM   18
suzib76
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Originally Posted by superbecks View Post
On my own credit file. Experian, equifax etc don't show 6 years worth of payments on mine, only the last 48 months for some reason. We went through a phase when i first started uni of making some late payments and within 12 months they weren't detrimental. Sorry you feel this has turned into some sort of debate but i was simply asking what a default was is all.
I didn't feel anything had turned into a debate I was merely asking how you knew for a fact as credit history runs for 6 years and not 2. That is a fact, but you said you knew otherwise so I was asking how. As it is only your own personal experience I will not take it as fact, because credit files and history run for 6 years.



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Old Nov 30th, 2012, 10:35 AM   19
superbecks
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I went away and looked this up again. Credit files show 3 years worth of payments of active accounts. If you have however closed an account it remains on file for 6 years. So The payments that have been missed do not show on active accounts after 36 months apparantley.



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Old Dec 2nd, 2012, 13:33 PM   20
My_First
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All details on your credit files for six years active or not will show on your credit report.
This is a great document for showing what's on a credit report.

http://www.experian.co.uk/assets/con...xpert-YCRE.pdf

Oh and it may only show two years on your own report due to the address. The main address you register with. Did you move house approx. 2 years ago?

I also edit, by reading back, if you are always a late payer, these will always show on your report and will continue to so so until you pay on time. These late payments will also show and be taken into account for six years. What this means though is not necessarily not getting a mortgage but you may get one with over inflated interest rates to balance their risk.



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