Equifax Credit Report Showing Reed for DMP Payments

abi3009

Hi there...am new to the forum, so please forgive me if I'm repeating other people's questions!

I have just signed up to Equifax to get my free credit report and was concerned to see that two of my accounts were in red, when I had expected them to be green.

These are both credit cards which I included in a Debt Management Plan set up in September 2008. Since then I have been making payments as agreed and have never missed one. Yet these payments are in red on my file with the code "AP" (Arrangement to Pay). Other accounts also on the DMP are in green as I've been paying ontime and to the agreement. For the credit cards - do I have a case to ask for a notice of correction to be added to my account?

As well as this, there are two other credit cards which were defaulted in September 2008 and although I've been paying against them as agreed with the DMP ever since, and one was recently compltely paid off, they haven't been updated at all since the default was placed on the account.

I think here at least I have a bigger case for asking for a notice of correction? As I've been paying the amounts agreed, but without the benefit of this against my credit report...

Other than that, everything's looking rather green, even the new credit cards I've since applied for and been granted which I'm using to show good credit history, using once a month and paying off in full each time the bill comes through...

If anyone has any experience of Equifax or notices of correction, I'd really appreciate your advice!

Tixy

Once you are in a DMP its usual for either a default to be registered on your account or an arrangement to pay - this is to indicate to anyone else looking at your file that you are not making the originally contracted minimum payments.

On entering a DMP is pretty much guaranteed that your credit rating will be wrecked for 6years.

Once a debt is paid off then it should be marked as as a satisfied default to show the account is settled. How recently did you pay the account off? it can take a month to 6 weeks to be updated, but if its not updated after that time then chase up the creditor(or debt collector) and insist they update your credit file.