equifax....

readerk

bit odd... me and my other half are applying for a mortgage so bought out statutory credit report from equifax.

I had an account that was badly over drawn back in 2007 and the final payment was made 2 months ago and it was cleared.

BUT

why on my report does it not say it's been satisfied? it's under santandar and not wescot. I had an o2 bill that was paid off a few yrs ago and that says satisfied?

help!! who do i contact - the bank or wescot? the bank are unlikely to be able to help as they are possibly the worst bank in the world

whatatwit

From personal experience, it does take a while for the credit report to be updated.
I had to phone the debt company for written confirmation that the balance had been paid and it was now settled in full.

If you made the payment to wescot, I would contact them.

readerk

great thanks, the report says last updated in may and i think it might have been paid at the end of may. will give them a ring 2mo. i did ask them for conf that it was settled but didn't receive anything which doesn't suprise me!!

DarkConvict

Credit files can take upto 60 days to update, 30 for the lender and 30 for the credit agency to update the report, although generally it all happens alot faster than this.

Information stays on your file for 6 years, and 3 years for late payments. You have to contact whoever is listed on the credit report as they will be controlling that data.