What does marking a payment as "Satisfied" on my credit record mean?

jtownson

Hi All,

Accessed my credit record for the first time a few months ago and noticed a default i didn't know about.

I wrote to the energy company who put the default on (using a template i found) and they sent me the original bill. I may not have paid this bill as it was during a period when i was moving companies and i wrongly assumed it would be dealt with by the new company.

The old company have said that if I pay the amount now they will mark it as "Satisfied" on my credit account. Is marking it "Satisfied" good or bad??

Annoying although they sent me that bill ages ago, they never sent any other letters or correspondence stating that i had to pay or it would be marked as default - is this normal / allowed?

Thanks all

Godiva500

Satisfied means that you have paid in full - that is good.