credit card default

PamelaMc0

Hi, advise please! I had a capital one credit card and missed 4 months payments in a row, so they defaulted me, I paid it of the same month it was defaulted, can I argue the default, and what kind of impact will it have on my credit rating, the balance was only £500 - stupid me I kn ow.....:p

McKneff

What argument can you make. You missed 4 payments, you have no defence.

ONLY £500, I know someone with a default fo £30.

The default will be marked as settled on your credit file, but unfortunately it is there for 6 years, settled or not.

Impact - trouble getting credit, mortgage, mobile phone contract, etc, etc.

BugsyBrowne

As McKneff has said a default will defiantly have a negative effect..

Tixy

Have they definitely registered a default?
You say you paid within a month but did you pay within the time-scale given on the default notice to correct the account (usually 14 days). If you brought the account back in line with T&C within that time then they won't enter a default.

capitaine

I don't think you realise the severity of 4 months missed payments in a row