Credit file information changed - help

moongarden

incidentally - when you are being evaluated for credit and you have paid everything on time for the past 3-4 years they will take that into account

maximus999

I feel as though i might have came across wrong in what I said, I know that there is a need for previous addresses in credit files, what I am saying is that I think it should have stayed in my previous address not my new one as it looks as though i have defaulted in this address

sistafromanothermista

maximus999 wrote: »

I feel as though i might have came across wrong in what I said, I know that there is a need for previous addresses in credit files, what I am saying is that I think it should have stayed in my previous address not my new one as it looks as though i have defaulted in this address

:wall: It makes NO difference what the address says.

THE FACTS;

It is showing YOU have defaulted.
It is showing YOU have moved house.

maximus999

Wow, what a site. Con-try to what you say, Equifax has confirmed to me that it should be logged in my previous address on my credit file, the agreement/account with them i defaulted on so the agreement DOES NOT EXIST and cant be moved to my new address unless it was an ongoing live account, i broke the contract and that has to show in my previous address as prospective lenders or organisations look at it as though I have defaulted in the address currently which I have been in for 3 1/2 years and is not the case.

Saying goes PUT IT IN YOUR PIPE AND SMOKE IT springs to mind.

1StepDebt

What exactly are you trying to achieve by getting it changed back to the old address? You are getting worked up over nothing.

At the end of the day, it won't make a blind bit of difference whether the default is registered against your old address or your new address.

Each lender has their own criteria for accepting and denying applications. None of these criteria will place less emphasis on a default just because that default happened when you lived at a particular address. It is the varying criteria between lenders that is causing you to be accepted at times and rejected at others - not the fact that this default is now attached to your new address.

Why not spend your time more productively by coming up with a plan to get rid of all but one credit cards? Noone should have more than one credit card unless, of course, their finances are well under control and the purpose of the additional card(s) are to avail of the benefits attached to that card. This is particularly true for those who have defaulted on credit agreements in the past.

Heffi1

If you take out a credit agreement and then decide for one reason or another not necessarily your own fault you WILL be defaulted by that company, this default will stay on YOUR CREDIT FILE for 6 years and then it will disappear.

If you decide to move house 17 times in that 6 year period the default will follow you each and every time you move, because future lenders need to know that YOU DID NOT keep to the agreement you originally took out.

There is no other way to explain it.

THE ONLY WAY TO NOT GET A DEFAULT IS TO PAY YOUR BILLS ON TIME EACH MONTH UNTIL THE ACCOUNT IS CLOSED.

That may be a very harsh lesson for you to learn, but after 5 years I think you should know this by now. You have one more year and it will drop off your credit file and you will not be bothered about it anymore.

sistafromanothermista

The saying 'banging my head against a brick wall' springs to my mind......

maximus999

I know guys, it just bugs me how they can change things willy nilly to suit themselves, there was no need to change to my new address as stated previous addresses are on credit files.

Anyways i have learnt a lesson, a one out of my control to speak but a lesson learnt.

Many thanks guys, i didnt mean to wind anyone up as I think I was doing that to myself.

One more year to go!!

Giraffeseeker

maximus999 wrote: »

the agreement/account with them i defaulted on so the agreement DOES NOT EXIST and cant be moved to my new address unless it was an ongoing live account,

This may be true if they have sold it on to a DCA. But you said:

maximus999 wrote: »

Hi all,
I defaulted on a loan in 2007 and currently paying it off with the last payment next month,

So, while you still pay them a monthly amount it IS still a live account, and as such should be reported at your current address.

And in any event it makes no difference whatsoever to your credit file or ability to get credit, because the default belongs to a debt which belongs to YOU, not your address.

A lender who will not lend to you today, will still not lend to you tomorrow, even if the address on the defaulted account is changed. But they may well lend to you in 12 months time :-)