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Credit report...

edited 30 November -1 at 1:00AM in Debt-Free Wannabe
3 replies 667 views
RedTulipRedTulip Forumite
103 Posts
edited 30 November -1 at 1:00AM in Debt-Free Wannabe
Hi all,

Just having another scan through my credit report on Equifax and notice that although all my credit agreement that were included in my DMP are showing as 'settled' with £0 in each box, one of them has a balance showing under the "Default / Delinquent Balance"

Also, there's an o2 account of an ex's opened in my name on there, I forgot about it when I left (stupid i know) and he failed to pay. It was passed to Lowells for collection, and was paid in full by myself when they got back in touch with me - still have all the paperwork. That too has a balance under the "Default / Delinquent Balance" box even though it is showing as settled. Strangely this is showing as satisfied on 08/06/08 but was last updated last year...??

Is this correct? I understand the defaults will stay there (although I have no recollection of getting the default notices) but should a balance still show on the account when they were settled on a f&f or paid in full, or do they mark the accounts as satisfied but leave the balance on there?

Thanks
Here to offer help and advice, and maybe take a little in return.

Whilst I am happy to share my knowledge, I am in no way a professional... I can not therefore accept responsibility for inaccurate info, I ask that you take professional advice rather than rely totally the info provided by myself :beer:

Replies

  • RedTulipRedTulip Forumite
    103 Posts
    quick bump, can anyone help pls?
    Thanks
    Here to offer help and advice, and maybe take a little in return.

    Whilst I am happy to share my knowledge, I am in no way a professional... I can not therefore accept responsibility for inaccurate info, I ask that you take professional advice rather than rely totally the info provided by myself :beer:
  • TixyTixy Forumite
    31.5K Posts
    ✭✭✭✭✭
    Hi Red

    It should show that the current balance is zero but the balance when you defaulted was X (whatever the balance was at that time), this allows a potential new lender etc to see the size of the debt you defaulted on.
    A smile enriches those who receive without making poorer those who give
    or "It costs nowt to be nice"
  • RedTulipRedTulip Forumite
    103 Posts
    Thanks for that Tixy - I did think that would be the case but wanted to double check :beer:
    Here to offer help and advice, and maybe take a little in return.

    Whilst I am happy to share my knowledge, I am in no way a professional... I can not therefore accept responsibility for inaccurate info, I ask that you take professional advice rather than rely totally the info provided by myself :beer:
This discussion has been closed.
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