Some creditors will refuse your application when they see the default on your credit file. They'll take this into account if you apply for other credit.Īfter six years, the defaulted debt will be removed from your credit file, even if you haven’t finished paying it off. You'll also find other types of credit such as mortgages and even mobile phone contracts may be harder to get.Īny creditor who checks your credit file in this time will see the default. This means it’ll be harder to get credit cards, loans or bank accounts because the default tells the creditor there’s a greater risk of you not paying. The wording of default notices was set in a 1983 law, before free debt help from charities like us was widely available.Ī default will appear on your credit file for six years, even if you pay off the debt in full.
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