Default Entry: Hillsden Securities - Equifax

mancdude

Hi all - I have a default placed on my Equifax report which states the following:

Name:Mr XX XX Date of Birth:XX/XX/XXXX
Terms:0 @ £ 0 (Monthly) Status:Defaulted
Current Balance: £ XX Start Balance: £ 0
Credit Limit:£ 0 Default / Delinquent Balance:£ XX
Start Date:22/07/2004 Date Updated:05/06/2007
Date Last Delinquent: Date Satisfied:
Default Date:02/05/2005

I was just wondering what 'delinquent' means, and also, if this default will drop off my report in a couple of weeks as the 2nd May signifies 6 years since the default date?

The rest of my report is excellent, this is the only blip as such, however it's made quite the impact on my score and I'm hoping to move properties soon and I'm concerned that I won't pass a credit reference because of this.

Thanks in advance for your help.

Gordon_Hose

The delinquent balance is what the balance was when you stopped paying/got defaulted.

The default will drop off in May sometime. It might not update straight away, so give it a couple of weeks before contacting Equifax.