Some help with repeat post in Credit File.

Blackhat_2

I have just started to get a grip of a huge debt problem that I buried my head in the sand about a few years back. As part of this process I had signed up with Experian to get a copy of my Credit File. (found it amazing what counts and what doesnt).

Anyway. I defaulted on a HBOS Preference Card Account at the start of 2007, with a credit limit of around 10k. (all three have the start date of 18/4/97) so I know they are the same account.

looking at my credit file I have three entries for the account, Two are marked as Settled, with the third being in default.

The first two entries are at my previous address, with the third (defaulted) entry at my current address.

First two have settled dates of the 3/9/2006 & 14/5/2006 accordingly. Credit limit and everything else is the same.

the last entry, has credit limit (history) of 10k, current balance at 11k, and the default date of 3/4/07 (which is correct).

Can anyone explain why I have multiple entries? is it a good or bad thing on my rating / history? Other than pay the one in default should I do anything?

Thanks
Kev

Experian_company_representative

The settled entries suggest to me you might have been issued new cards prior to the default, perhaps because the originals were lost or stolen. I know that this can create a new record on your credit report and cause the existing one to be closed.

Anyway, those settled accounts aren't going to be a problem. If they contain no late payments they can only help your credit rating.

Until the default disappears in 2013, paying it off will certainly help you.

James Jones

pmf63

Experian_company_representative wrote: »

The settled entries suggest to me you might have been issued new cards prior to the default, perhaps because the originals were lost or stolen. I know that this can create a new record on your credit report and cause the existing one to be closed.

Anyway, those settled accounts aren't going to be a problem. If they contain no late payments they can only help your credit rating.

Until the default disappears in 2013, paying it off will certainly help you.

James Jones

James, I have been trying to get an issue on my experian file sorted. So that i don't hijack this thread, can I pm you?

Ah! ... it appears I can't. Never mind.

fermi

pmf63: If you look on their profile, it has this.

About Experian company representative

Biography:

Experian consumer affairs spokesman.

Forum follow-up queries: [EMAIL="customer-relations@uk.experian.com"]customer-relations@uk.experian.com[/EMAIL]

pmf63

fermi wrote: »

pmf63: If you look on their profile, it has this.

Thanks fermi ... saved the day yet again. You deserve a promotion! lol