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default settled
kierze
Posts: 26 Forumite
Hi,
In the last 12 months I have started to pay off all my debts. ( I was very silly from the moment I could get credit). In the last 6 months I arranged to settle a debt which had defaulted. I know that the default stays for six years. I settled the debt 2 months ago. I did get a £111 discount as I payed it off in four months. i checked my credit file and the £ 111 is still on the balance of the default. I was under the impression that the default was settled and it would state that on my credit report. (even if I got a discount)
could someone give me some advice please.
:mad:
In the last 12 months I have started to pay off all my debts. ( I was very silly from the moment I could get credit). In the last 6 months I arranged to settle a debt which had defaulted. I know that the default stays for six years. I settled the debt 2 months ago. I did get a £111 discount as I payed it off in four months. i checked my credit file and the £ 111 is still on the balance of the default. I was under the impression that the default was settled and it would state that on my credit report. (even if I got a discount)
could someone give me some advice please.
:mad:
0
Comments
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bump - don't know the answer to this but someone else might.Achieve FIRE/Mortgage Neutrality
1) MFW Nov 21 £202K now £165K Equity 38.88% 6/9/26
2) £1.5K Net savings after CCs 29/8/26 (but owed £130) so £1.6K
3) 47/82K @29/8/26 = 57.31% AVC Goal by mid 20280 -
could someone give me some advice please.
:mad:
Did you receive written correspondence confirming the discount, you could raise a dispute through the Company that's showing your credit report, or direct with the creditor.Click here for Martins (MSE) advice on who to contact with Debt Issues - YOU HAVE NO REASON TO USE A FEE PAYING DEBT MANAGEMENT COMPANY- THEY CANNOT DO ANYMORE FOR YOU THAN THOSE LISTED IN MY LINK ABOVE.
All information given by myself is offered informally and without prejudice - if in doubt seek help from a qualified and insured professional0 -
Can you check the agreement of that discount to see if they say it is a full and final settlement or a partial settlement?
Companies usually send updates to the credit reference agencies once a month so 2 months is about the most it should take for the changes to be made and updated by the CRA.After falling off the gambling wagon (twice): £33,600 (24,000+ 9,600) - Original CC Debt: £7,885.91
Dad Gift 6k ¦ Savings & Inv Tst: £2,500
Loan 10k: £0 ¦ Dad 5.5k: £2,270 ¦ LTSB: £0 ¦ RBS: £0 ¦ Virgin £0 ¦ Egg £0
Total Owed: £2,270 (+6k) 11/08/20110 -
Just phoned aktiv capital, the guy on the phone told me that the account is closed and he would send an e - mail to his manager to update the credit file and I also asked him for a receipt and took his name. (fingers crossed).
Thanks for the advice.
:T0
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