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Settled accoutn - why default??????
winks_2
Posts: 1 Newbie
in Credit cards
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:
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:
0
Comments
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Please follow the steps on the below thread
http://forums.moneysavingexpert.com/showthread.html?t=1674391Bank Accounts - Barlcays Premier[/B] - £1000 o/d, HSBC - £200 o/d- First Direct - £500
Credit Cards - Barclaycard £2000 - Silver Card £1300 - Flybe £7500 - HSBC £1000 - First Direct £2500 First Direct Gold £3000
6 credit accounts closed in 2010!
Official SOS Club number 001 - Dry until 01.07.100 -
The default records the fact that you defaulted. The fact that you settled it doesn't erase your prior actions from history.0
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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?..0
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