Default marker
Debt, arrears & collectionsA credit file entry showing an account has been defaulted.
Overview
Defaults are recorded after sustained missed payments.
They remain on your report for a fixed period.
Why it matters
- It is one of the most negative credit markers.
- It can reduce access to credit.
- It affects loan pricing and eligibility.
FAQs
How long does a default marker stay?
Typically several years from the default date.
Does paying remove a default marker?
No, but it changes the status to settled.
Related terms
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