Difference of Delinquent and Default accounts according to CRA's

[Ruby]

Hi all,

I have had a VERY long battle with a company who have marked my credit file as delinquent for years. This has had a huge financial impact on me and I have given up applying for credit due to all the refusals I have had because of this issue.

I have noticed in the past couple of days that there maybe a light at the end of the tunnel........

I have known all along that with defaulted accounts they automatically drop off your credit file after six years (paid off or not).

Is it true that with accounts that have been noted as delinquent for years they automatically eventually drop off the credit report too? Through a search engine some say it is 7 years from original delinquency date irrespective whether the account has been sold to another company or paid off or not.

It seems that a delinquent account is viewed more harsh than a defaulted account, which I always thought was the other way round.

Can anyone shed more light on this matter.

Many thanks xx

[EXC]

Re: Difference of Delinquent and Default accounts according to CRA's

Maybe [MENTION=551]pt2537[/MENTION] or [MENTION=1508]Nibbler[/MENTION] will know.

[pt2537]

Re: Difference of Delinquent and Default accounts according to CRA's

I think the important thing to think of when considering data which is being processed, is that under the Data Protection Act 1998 data must only be processed for as long as is necessary. I cannot see that a delinquent account is any different to a defaulted account, and i cannot see any reason why the data should stay past 6 years. Thats my view provisionally on this point,

[Ruby]

Re: Difference of Delinquent and Default accounts according to CRA's

I have just spoken to a manager at Experian and they have advised me that for as long as the account is not settled/closed a delinquent account can remain on file indefinitely !

At least with a defaulted account it (only?) stays on CRA records for six years ........

It appears on the surface of things that defaults are better than a delinquency.

The account in question is an unregulated secured loan that has been marked as delinquent for almost ten years. Whether we pay or not makes no difference to Credit Reference Record reporting .

Very frustrating!!!!