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Is this a satisfied default?

heg9
heg9 Posts: 20 Forumite
in Debt-free wannabe
Hello,

I got "O2 EX SINGLE... Communications Satisfactory Settled 18/02/2007" on my credit file. Is this a SATISFIED default? Or just my account was closed and they were happy with it.

thanks. really basic quesiton. sorry i am a newbie :beer:

Comments

  • BeautyandtheBeast_3
    BeautyandtheBeast_3 Posts: 1,027 Forumite
    did you keep up repayments on it? x
    O/S Debt: PL £[STRIKE]15207.34[/STRIKE] £9884.55; HSBC £4060.99; Tesco£1430.15; M&S £5990.17; Virgin [STRIKE]£5158.69[/STRIKE] £4210.14; Egg £4619.00; O/S = ££30,292.42 AIM - To Be Debt Free 56 months
  • heg9
    heg9 Posts: 20 Forumite
    The Experian guy said this is not a default, and settled means closed account, satisfactory means they were satisfied with the contract?

    But I just want to double confirm.Does anyone know what a satisfied default look like?
  • BeautyandtheBeast_3
    BeautyandtheBeast_3 Posts: 1,027 Forumite
    Never had one. but my CR lists an old CC which says Settled on it - that was just paid off and they didnt send me a new one (i became an unruly student!) I did make ALL repayments on that CC btw xx
    O/S Debt: PL £[STRIKE]15207.34[/STRIKE] £9884.55; HSBC £4060.99; Tesco£1430.15; M&S £5990.17; Virgin [STRIKE]£5158.69[/STRIKE] £4210.14; Egg £4619.00; O/S = ££30,292.42 AIM - To Be Debt Free 56 months
  • heg9
    heg9 Posts: 20 Forumite
    Thanks Beautyandthebeast =) so yours must have something like satisfactory as 'status'?
  • BeautyandtheBeast_3
    BeautyandtheBeast_3 Posts: 1,027 Forumite
    yes that it! xxx
    O/S Debt: PL £[STRIKE]15207.34[/STRIKE] £9884.55; HSBC £4060.99; Tesco£1430.15; M&S £5990.17; Virgin [STRIKE]£5158.69[/STRIKE] £4210.14; Egg £4619.00; O/S = ££30,292.42 AIM - To Be Debt Free 56 months
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