credit reference post payment period

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Post by sonyse2t5 » Mon Aug 06, 2007 12:47 pm
I just got off the phone with Barclays. I mentioned that I have heard that in a DMP, the defaults stay in your Credit reference for 6 years after the last payment.

But they have now said it is 6 years from the day your account is closed/reduced payment starts.

I thought it was only in an iva that the defaults stop been entered into your account 6 years from tne date of the 1st payment.

This is really weird.


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Post by MelanieGiles » Mon Aug 06, 2007 1:12 pm
Not heard that one - Storm will be able to comment better if he is around. I do not think that the start of a DMP has any bearing on the length of time references stay on the credit files.

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

For further details contact me at and view my IVA blog at:
Regards, Melanie Giles, Insolvency Practitioner
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