How long will information stay on my credit file?
Information about missed payments, defaults or court judgments will stay on your credit file for six years. These details will be removed from your credit file after six years, even if the debt itself is still outstanding.
For example, if you missed a payment to a debt in 2010, the record of the missed payment would be removed from your credit file in 2016, even if you‘re paying it off.
All details of a debt will be removed from your credit file six years after any of the following:
- The account has defaulted
- You’ve gone bankrupt, or had a DRO, IVA or trust deed approved
- You’ve paid off or ‘settled’ the debt in full
- Your creditor has agreed to accept a reduced amount and write off the remainder of a debt (a ‘partial settlement’)
If a debt has defaulted, it’ll be removed entirely from your credit file after six years even if you’re still paying it off.
There are some exceptions to this, where a debt can appear on your credit file from more than six years, but these are not common. For example bankruptcy can stay on your credit file for up to 15 years if you’re found to have acted dishonestly or negligently.
Worried about debt and your credit file?