Missed payment on old account

Moobert

Moobert

Moobert

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Looking at my credit report on checkmyfile.com I notice that I have a missed payment on an old account back in 2010 that was closed in 2014. After querying this I was told that the full 6 year history can typically remain on your report for 6 years from the date of account closure, ie up to 12 years.

Surely this cant be right, can it? As it seems to penalise you from closing any account that has had any missed or arrears within 6 years.
 
Brizzles said:
Isn't that the idea of a history ?

You can't just close an account and forget it happened :confused:
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I don't think you are realising what I am getting at or did not read the initial post, for instance, if I had a missed payment in say Nov 2007 and closed that account in Oct 2013, this will show on my credit report until Oct 2019.

However if I closed said account in Dec 2013 the missed payment would no longer be an issue.
 
Moobert said:
I don't think you are realising what I am getting at or did not read the initial post, for instance, if I had a missed payment in say Nov 2007 and closed that account in Oct 2013, this will show on my credit report until Oct 2019.

However if I closed said account in Dec 2013 the missed payment would no longer be an issue.
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I don't think you are making sense...do you mean to say if you closed the account in December 2007 it woudn't show now?

1 missed payment (non-default) 9 years ago will make little difference overall.
 
Yes, as 6 years would have passed by then meaning that it would have dropped off the report.

I just found it a little concerning as in my case, this missed payment from my initial post that occurred in 2010 will be visible until 2020, due to the fact that the account was closed in 2014.
 
I think what they are saying is :

They keep a full 6 years history of ANY account opened regardless of time it was active.

This record of ANY account is kept for 6 years.

So this account you closed in 2014 is part of their records
 
Moobert said:
Yes, as 6 years would have passed by then meaning that it would have dropped off the report.
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See my above post.

Your account was active until it closed in 2014 - the 6 years starts then , and they would include upto 6 years of that account.
 
Moobert said:
Yes, as 6 years would have passed by then meaning that it would have dropped off the report.

I just found it a little concerning as in my case, this missed payment from my initial post that occurred in 2010 will be visible until 2020, due to the fact that the account was closed in 2014.
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That's the correct behaviour.

Financial accounts are deemed relevant up to 6 years after closing. Truth is, most will just see the settled status and be fine with it, rarely trawling through individual payments. Particularly if you didn't make it to default.
 
As it was just over 6 years from the missed payment I was having a quick look to check to see if it had dropped off. If I had known that this would have been the case I would have just kept the account open and closed it this month.

I know a small issue like that will have no real consequences going forward, however I have recently become quite a stickler about having everything in order and its a bit of a minor niggle lol.
 
If the account is settled and closed, then why don't you just write a letter to them informing them of the "limitation ACT" and request for it to be removed from your file?
They will soon update it once they know that you know you can sue them.
 
I don't think that's right, in Noddle, it doesn't matter when the account was closed you just see 6 years worth of activity so the missed payment should have disappeared last August (or the following month) if it occurred in August 2010.
 
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