All active (open) SHARE accounts will appear on your credit file whilst the account remains active, as long as lender remains a member of SHARE. This is the case whether the account is up to date or in arrears (but not default). Once a SHARE account is closed/settled, the record will remain on your credit file for a period of 6 years from the date of closure/settlement. If any of your SHARE accounts are defaulted by the lender (this usually occurs when an account is in serious arrears and the lender issues a default notice to you) the record of the account will remain on your credit file for 6 years from the date of default. The date of default is confirmed to us by the lender.



Next FAQ:  I have closed/repaid/settled one of my SHARE credit accounts. Why does it still appear on my credit file?