Credit report

lilherbz

Hi,

I was wondering if someone could tell me what a Fixed Term Deferred means? It is listed on my credit report but there is no information about the company.

I have copied and pasted the info below.

Many thanks in advance.


Account Type Fixed Term Deferred
Account Opened 17 August 2008
Last Updated 11 August 2009
Account Terms £32 Monthly for 4 yrs
Payments Started Not Recorded
Opening Balance £1,567
Lump Payment Not Recorded
Current Balance £1,537
Credit Limit Not Reported
Lifetime Change -£30
Monthly Change Not Available
Worst Status
NR
The lender has not reported the account status this month
Default Date Not Defaulted
Account Holder Status Not Available
Account Status Not Available
Reported Until 6 years after account closure
Lender Contacts Not Known

Tixy

That looks like a buy now pay later deal - something like a sofa or other furniture.

The deferred would typically refer to one of these 'pay nothing for a year' deals.

Its odd that its showing an outstanding balance, no payments since 2009 but not showing as deferred either - can you not think of anything it could relate to? perhaps an order that you later cancelled or an item you returned or anything?

If there are not details at all of who the credit agreement is with then I would contact the credit reference agency as they will be able to tell you who put the entry on there and provide an address for you to write to that company and if they cannot do that they should remove the entry.