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  • FIRST POST
    • Heather2603
    • By Heather2603 14th Jun 17, 2:42 PM
    • 71Posts
    • 95Thanks
    Heather2603
    What impact will one default have on your credit file?
    • #1
    • 14th Jun 17, 2:42 PM
    What impact will one default have on your credit file? 14th Jun 17 at 2:42 PM
    Hi,

    My husband has been approached by lowell for a debt of £11.00 and they have registered a default on his credit file. We dispute the amount(lets be honest why would we be avoiding £11 in the grand scheme of things?) Lowell have refused to remove default when contacted via CRA. Where do we go from here? How much will this impact husbands credit score? He's obviously getting quite worked up about it.

    TIA
Page 1
    • zx81
    • By zx81 14th Jun 17, 2:44 PM
    • 13,221 Posts
    • 13,533 Thanks
    zx81
    • #2
    • 14th Jun 17, 2:44 PM
    • #2
    • 14th Jun 17, 2:44 PM
    It's not about the score - that's just a gimmick with no real meaning.

    Any given lender will take their own view on the default. The older it gets, the less negative it will be. And obviously settled is better than unsettled.
    • anna_1977
    • By anna_1977 14th Jun 17, 2:47 PM
    • 590 Posts
    • 829 Thanks
    anna_1977
    • #3
    • 14th Jun 17, 2:47 PM
    • #3
    • 14th Jun 17, 2:47 PM
    It will be quite an impact on his file - credit card, loan and mortgage companies will frown on it - especially being recent I don't think the amount will make a difference...a default is a default

    I may be corrected by someone with far more knowledge
    • Heather2603
    • By Heather2603 14th Jun 17, 2:53 PM
    • 71 Posts
    • 95 Thanks
    Heather2603
    • #4
    • 14th Jun 17, 2:53 PM
    • #4
    • 14th Jun 17, 2:53 PM
    That's the thing Anna it isn't recent, if they are to be believed it relates to a 3 mobile account which was closed the best part of 4 years ago but they've logged the default for May this year!
    • anna_1977
    • By anna_1977 14th Jun 17, 3:06 PM
    • 590 Posts
    • 829 Thanks
    anna_1977
    • #5
    • 14th Jun 17, 3:06 PM
    • #5
    • 14th Jun 17, 3:06 PM
    That's the thing Anna it isn't recent, if they are to be believed it relates to a 3 mobile account which was closed the best part of 4 years ago but they've logged the default for May this year!
    Originally posted by Heather2603
    Hi Heather,
    i'm sure you have contacted three but do it again and ask for proof of the debt. Have you moved at all during those 4 years as you should have received letters - maybe ask them for copies of those letters.
    I believe that defaults are meant to be logged between 3-6months of non payment on account - might be worth googling for accurate information tho
    • sourcrates
    • By sourcrates 14th Jun 17, 3:20 PM
    • 11,973 Posts
    • 11,460 Thanks
    sourcrates
    • #6
    • 14th Jun 17, 3:20 PM
    • #6
    • 14th Jun 17, 3:20 PM
    Complain about the inaccurate default date.
    I'm a Board Guide on the Debt-Free Wannabe, Credit File And Ratings, and
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