Credit report...

RedTulip

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

RedTulip

quick bump, can anyone help pls?
Thanks

Tixy

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.

RedTulip

Thanks for that Tixy - I did think that would be the case but wanted to double check :beer: