- Tue Dec 22, 2009 1:19 pm
There are various methods of getting defaults removed, some are clear cut in law and some rely on an element of 'giving up' by the creditors, but all have advantages and disadvantages.
The first thing to remember is that an entry on a CRF is removed on the six year point of the default date, setllement date, etc, but it is six years form the date of which ever occured first, so if you have an account with a default date of Jan 2004, and is marked as settled in Nov 2009, as it stands the account will come off the CRFs in Jan 2010.
However if you insist that they remove the default then the accoutn will not fall off the CRFs until Nov 2016, which then beggers the question why have the defuault removed in the first palce, as you would only mess up your CRFs for a longer period!
However, all debts that have been satisfied by either bankrupcy or IVA, should be marked as satisfied, rather than default, but the catch 22 is that the Information commiosner now allows them to mark the satisfied date as being the discahrge date, so in some instances it pays to let the defualt remain!!
The other aspect of this is that in the last couple of months a test case has been heard that allows creditors to record negative entries on a CRF even if they cannot produce the CCA, thsi was never the case before these 'we'll get your debts written off, companies becasme greedy, this is another case fo them mucking it up for us all, so they can make a few quid.