Help - Is this Default Correct? Confused..

westminstergirl

Just thought i'd update. I completed the orange contract i mentioned in my earlier posts, in fact continued with the line rental 2 months out of contract. In july orange still hadnt updated my credit file to show the default as settled (contract expired end of April 2011)

Anyway, i gave notice and switched the account over into my oh's name. Still they didnt update the default to settled. In early August i wrote to orange and asked them very nicely if they would consider removing this default.....i couldnt believe it when 2 weeks later i checked my credit report and the default has now gone, although it has been replaced with 12345000000000000.

Am i correct in thinking that its better to have a late payment marker no 5 (also in red) as opposed to a default. I recently spoke to my mortgage lender (woolwich/barclays) with a view to remortgaging/moving home, they basically said "not a chance" because of the no. 5 marker.

Thanks in advance for any help/replies.

bikerboi87

westminstergirl wrote: »

Just thought i'd update. I completed the orange contract i mentioned in my earlier posts, in fact continued with the line rental 2 months out of contract. In july orange still hadnt updated my credit file to show the default as settled (contract expired end of April 2011)

Anyway, i gave notice and switched the account over into my oh's name. Still they didnt update the default to settled. In early August i wrote to orange and asked them very nicely if they would consider removing this default.....i couldnt believe it when 2 weeks later i checked my credit report and the default has now gone, although it has been replaced with 12345000000000000.

Am i correct in thinking that its better to have a late payment marker no 5 (also in red) as opposed to a default. I recently spoke to my mortgage lender (woolwich/barclays) with a view to remortgaging/moving home, they basically said "not a chance" because of the no. 5 marker.

Thanks in advance for any help/replies.

i believe that it is slightly better than a default, but not by much. it's red for a reason :P