Central Credit Register - Time active

letin

Registered User
Messages
26
Hi,
The Central Credit Register seems to hold "bad debt" in your report forever? Well, as long as the institute deems it still to be "active"? Regardless if statutory limitation of 6 years has passed they are still allowed to submit it against your credit report indefinitely? Surely this isn't right?

ICB use to keep a bad debt on your report upto 6years last payment was made, after which it falls off. Even bankruptcy has a expiry date? All other countries follow this logic, how can the Central Credit Register continue to hold thus information indefinitely?

Thoughts?

Thanks

Letin
 

Introuble83

Registered User
Messages
193
Yes seems unfair . Lenders are advised to disregard historical bad debts. I would imagine if a case was marginal the old bad debts may sway them towards a decline .
 
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