Credit report and debt collection query

dutchhutch

I have a default from a credit card from 3 years ago. This debt shows up on my Equifax but bot on my Experian. I have recieved a letter from a debt collection agency and I intend to oay this off. My question is this, since the original account never showed up on my Experian, what are the chance of this debt company reporting it to Experian and it showing up as a default?

fermi

They "should" not be adding one in their own right, but simply have any existing defaults changed into their name. But never say never with collection agencies.

dutchhutch

Thank you.

I have my fingers crossed as I only have one default on my Experian report which is 5 years old and un-enforcable so i'm not concerned about that one. I have the same one on my Equifax as well as the debt I'm being chased for. I have arranged a payment plan for the second debt as it is genuine.

So by your reckoning they should only be able to change the existing default on Equifax into their name and be unable to add one to Experian?

izools

Ahh not quite.

They are entitled to add one to experian.

What they aren't entitled to do is add one in their name alongside the original one from the lender they bought the debt off.

dutchhutch

So I should expect a default to appear on my Experian report within the next few weeks?

If so,any idea how much this would affect my score?

I only have one default on at the minute.

Is there any chance they wont add a default if I've already agreed a payment plan?