Response to how long does a default stay!!

Hi, a default stays on your file for 6 years. Apparantly the only person that can remove it is the company who lodged it. You can always add a note to your credit file to explain the default. However as the loan is due to finish in July, I would suggest that you contact your lender and ask them to remove the default. I take it that you have been up to date with your payments since the default was registered if so they may agree to it, if not then they may agree to removing the default when you have finished paying the loan if they do agree then make sure that you get this in writing. Be warned though, most companies don't like removing default notices. Good luck

[ Previous | Next ]