How Long Does a Payment Default Remain on File?

  • Updated

Registering a default is one of the last steps taken in recovering debt. A payment default can be registered if the debt is overdue (past payment terms) and above $100.


Once a payment default has been lodged and approved, it will remain on the company's credit file to be viewed for 5 years.


Payment defaults cannot otherwise be removed after being successfully lodged. However, defaults can be marked as Settled once paid.

Was this article helpful?

0 out of 0 found this helpful

Have more questions? Submit a request



Article is closed for comments.