Settled accoutn - why default??????

winks_2

Hi,

After checking my credit report i have found that i have a default from Capital one! i had a credit card a few years ago, and there was an outstanding balance of £346 which i paid in full, so i was surprised to see a default, when it also states that its been settled!

is there anyway of having this removed? i would like to go for another mortgage this year and dont want this to affect my chances!

thanks

:rolleyes:

Innocent_Guy

Please follow the steps on the below thread

http://forums.moneysavingexpert.com/showthread.html?t=1674391

agsnu

The default records the fact that you defaulted. The fact that you settled it doesn't erase your prior actions from history.

Robert_Sterling

Suppose one applicant for a mortgage has never defaulted and another applicant has defaulted and later repaid the defaulted amount. Which one would you choose to give a mortgage to?