credit report worries.

jachowden

Hi i checked my credit report and have an old account were the reypayments are all u, as in un available, the account is settled and satisfactory, how would lenders see this, good or bad? help please.

JustinCredibleGillespie

How old is the account and when was it settled? Is it a default?

JCG

xx

camuk81

jachowden wrote: »

Hi i checked my credit report and have an old account were the reypayments are all u, as in un available, the account is settled and satisfactory, how would lenders see this, good or bad? help please.

A U is unused, or unavailable. Sometimes the account doesn't report or it may be you don't use it.

I.e. account with shopping company example Next, the account shows U when the credit line is open but unused.

You can still access it but have chosen not to. I personally would say this would be good, this is what I'm aiming for on my credit report. I have made errors where I have paid off my balance then shut the account straight away, if it's been very high then dropped suddenly I haven't wanted the temptation, however someone once told me at experian to leave it open as this looks better.

This proves you had the credit facility and chose not to use it.

Full circle to your circumstances

jachowden

How do i know if its open or closed, i cant find anything that says open or closed and it was last updated december 2009 so i have no idea if its open or not, it just says balance settled and satisfactory. should i just contact them, the thing is i dont remember opening it, its a catalogue and i feel i may have been a victim of fraud but if its a settled line of credit thats open showing i have it and dont need it, they may have done me a favour, i am feeling a little lost, help please lol,

camuk81

It it says settled and has a date, which agency are you using to see the report? Can I ask who was the credit for?

camuk81

Start Balance £ 0
Credit Limit £ 0 Default / Delinquent Balance £ 0
Start Date 22/10/2007 Date Updated 24/11/2009
Date Last Delinquent Date Satisfied 05/10/2009

If it is settled you need to see info like this.

jachowden

camuk81 wrote: »

It it says settled and has a date, which agency are you using to see the report? Can I ask who was the credit for?

creditexpert.co.uk and its studio catalogue so may not show a limit,

Date of birth: 17/11/1987
Account type: Mail order
Started: 03/11/2007
Current Balance: Settled
File updated: 06/12/2009
Settled On: 29/11/2009
Status history:
Last updated: 06/12/2009
0UUUUUUUUUUU
Summary of payment history: In the last 25 months of account activity, the number of status 1-2 is 0 and the number of status 3+ is 0

thats what i am able to see

jachowden

jachowden wrote: »

creditexpert.co.uk and its studio catalogue so may not show a limit,

Date of birth: 17/11/1987
Account type: Mail order
Started: 03/11/2007
Current Balance: Settled
File updated: 06/12/2009
Settled On: 29/11/2009
Status history:
Last updated: 06/12/2009
0UUUUUUUUUUU
Summary of payment history: In the last 25 months of account activity, the number of status 1-2 is 0 and the number of status 3+ is 0

thats what i am able to see

does anyone know if this would be an open account or what as i really dont know.

DorsetGirl_2

jachowden wrote: »

does anyone know if this would be an open account or what as i really dont know.

Its an open account that you havent used for 3 years with no balance. Its not a default.

amorge

I'd have said its a closed account as settled date is 2009, however you never used it...

Might be wrong though, sorry

camuk81

Account is settled according to credit expert, the account will remove in 2015. The company seems to be 24 studio