From: "Neaco" 
Newsgroups: uk.finance
Subject: Declaring cleared credit defaults
Date: Sun, 16 Jan 2005 14:43:01 GMT

Can somebody please settle an argument for me - if somebody has had 
defaults/CCJs registered on their credit file and they've now gone, do they 
still need to declared when applying for credit or a mortgage?  My mate 
(who's an over eager estate agent who knows everything!) reckons that once 
they've been cleared, either by full settlement or they've gone because 
they're over 6 years old, then they no longer need to be declared because 
there is no way anybody would ever know they existed because they've been 
wiped off a persons credit file.  My estate agent friend (who also does 
mortgage brokering) reckons he's done 100s of mortgage applications where 
somebody has had a default or CCJs, but because they are cleared from the 
applicants file, they just ticked the "No previous adverse credit" box on 
the applications forms.  He's never had an application refused where 
something's been found.   I said he was committing fraud - he just laughed. 
Surely the search performed by the solicitors would uncover something.