Default help and advice needed.

thecoldstreamer_2

Needless to say I got in a lot of debt around 2003 after a bad marriage and going t war at the time left the ex with the chance to run up some hefty credit card debts on my cards.

Ex is gone now and I've moved on, had a few debts with lloyds and egg credit card. Also a dfs sofa which I can't ever remember having.

Now all the debts have defaulted since 2003 and all of them have now disappeared from all my credit files except 1 from lloyds.

My question is this, the lloyds credit card is for around 5k and I've been paying it since 2003 except for 1 month when changing jobs they defaulted the payment arrangement so it is on my file until 2016.

When I check noodle, experian and equifax although they all have my address the default doesn't show on experian although it did a while ago. ?? Any ideas

I've recently been able to get a barclaycard cash back card and a nationwide credit card both at very good rates.

Also I've noticed my experian credit score is 998 so definitely not bad although noodle rates me 1 out of 5 for credit worthiness.

Another question? The other defaults are not fully paid although I pay a nominal fee every month. Do I have to continue paying until they are paid back? Because I'm sure they cannot add defaults again for the same debt

Moneymash

Even if the default has fallen off your credit file because 6 years have passed, you are still liable for the debt, therefore, you need to keep paying it.

If a company sells the debt on they stop reporting it to the CRA(credit ref agencies), and the company that has bought the debt usually doesn't start reporting it to the CRAs for 28 days.

As far as I know you cannot be defaulted twice for the same debt, but they may be able to get a CCJ to enforce payment.

Hopefully someone with more knowledge will come along and answer your questions better.

thecoldstreamer_2

Moneymash wrote: »

Even if the default has fallen off your credit file because 6 years have passed, you are still liable for the debt, therefore, you need to keep paying it.

If a company sells the debt on they stop reporting it to the CRA(credit ref agencies), and the company that has bought the debt usually doesn't start reporting it to the CRAs for 28 days.

As far as I know you cannot be defaulted twice for the same debt, but they may be able to get a CCJ to enforce payment.

Hopefully someone with more knowledge will come along and answer your questions better.

All the debts have been sold on years ago and I've been paying what I can and settling what I can but these debt collection companies haven't added to my credit reports.

Lloyds I've dealt with for 10 years now but will carry on paying them as I don't want a CCJ.

Any idea why the defaults disappeared from experian 3 years early and still on the other credit ref files?

Moneymash

thecoldstreamer wrote: »

Any idea why the defaults disappeared from experian 3 years early and still on the other credit ref files?

Defaults? or Default? It may be something as simple as the DCA that owns the debt(s) doesn't report to Experian. Not all DCAs' report to all of the CRAs'

thecoldstreamer_2

Moneymash wrote: »

Defaults? or Default? It may be something as simple as the DCA that owns the debt(s) doesn't report to Experian. Not all DCAs' report to all of the CRAs'

Yes but up til a couple of months ago lloyds credit card showed on all credit files now its gone from my experian file and don't know why. It's good though last 1 default

Moneymash

When did the Lloyds account actually default?

thecoldstreamer_2

Moneymash wrote: »

When did the Lloyds account actually default?

May 2010 after being on a payment arrangement since 2004