default on credit file anyone explain?

tango

hi we have a default ( see debt / default) page 4
i have been looking through my credit file from call credit and it says that the regular payment value is £96, we pay £40 each month to debt company. it also says repayment period 126, i presume this is months. it also says account holder status normal , but the default date 09/05/2005 and original default balance £11561 balance now £11201
what does this mean how can we be 'normal' satus and how long will we have this debt- 126 months? and does the payment value of £96 mean anything against our £40??
sorry to rabbitt on any answers out there?????????????????? thanks

tango

know one any ideas?? :rolleyes: never mind i am on to this and will let you know

inmypocketnottheirs

Have you defaulted on a credit agreement and entered into an agreement with a creditor?

tango

we have defaulted on a loan to egg,interest frozen, paying £40 per month. debt company credit solutions, thanks.