after a year fighting I have an offer to settle the debt. when I pay them, how long til default gone from my report?
QLD Debt Collector just settled how long until default gone?
- Thread starter Broncos4ever
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Default listings and judgments last 5 years. Serious credit infringements last 7 years.
But when I pay now I have settlement offer, it can be removed? As it is full and final settlement offer?
Default listings should only be removed if they have been improperly recorded in the first place. They are not removed as a matter of course.
However, if the terms of the settlement deed provide the default listing will be removed then that's another matter. However, I will say that it is an offence to remove a default listing which is accurate, for which the person removing can facce a civil penalty (not your concern, and I've yet to hear of it actually being done).
However, if the terms of the settlement deed provide the default listing will be removed then that's another matter. However, I will say that it is an offence to remove a default listing which is accurate, for which the person removing can facce a civil penalty (not your concern, and I've yet to hear of it actually being done).
Ok thanks, yes debt collector said once details settled and paid in full, they will remove listing.
