Jason,(posted 7368 days ago)The following comes from a solicitor.....
"I think that debts usually come off the file 6 years after they have been registered, but this is just practice rather than any legal thing. I would have thought that this would apply to CCJs as well as defaults
I don't think limitations has anything to do with it.
To the best of my knowledge, CCJs are removed from Registry Trust at the end of the 6th year after they were registered. There is also a (repo)possession register and I imagine it would be six years as well.
Someone would have to declare a repo on a mortgage application if the question was asked. Not to be truthful is technically 'obtaining by deception'. If the question is not asked, no problem."
Jason, of course freelance recovery may be able to give you a more precise answer ? Anyway, the question I ask myself is when do they register the debt, on sale of the repo'd property ? Perhaps someone else out there knows ? The CML do keep a possessions register and the debt is supposed to drop off after 6 years, however, of course the same question applies, when do they register it ? Even if they say 6 years I would not trust them to honour this, you should check it out when the time is right. If the debt is still registered then it will have an adverse effect on your ability to obtain credit. If you try checking your credit file before the debt is statute barred this action, I personally believe, flags it up and attracts debt collectors like wasps round a honey pot.
Mark.