Defaulted accounts help

bringingit

Hi, I've been trying to sort out my debts and have started looking at my credit files. I have a lot of debts and defaults and I'm trying to work through them. I've got my report from Noddle and Equifax and I'm waiting to receive it from Experian.

I've noticed some of the account are reported differently and I wonder if one way if correct and the other is not.

For example, I had a debt with Barclaycard where payments were stopped last year and it has been passed on to Capquest.

On Equifax, it shows as 1, 2, 3, 4, 5, 6 months behind last year, defaulting in February 2013 then settled in March 2013 with Barclaycard then nothing after that. It then shows as a new arrangement with Capquest with a default in February 2013 and nothing after that.

I believe that is the correct way it should be shown and that represents what has happened with the account. However, on Noddle it shows nothing for Bayclaycard but a default with Capquest in September 2013 then the default is repeated in October 2013 and November 2013.

Is this correct/allowed?

I am have an account with PaydayUK which is showing as a default in November 2012 then as a default in each subsequent month. Is that correct/allowed? That debt has been passed around a few agencies - will it be difficult to get that fixed?

Any advice much appreciated.

Jason_Bourne_2

Yes, it will be updated every month with a default until settled/satisfied.

It's the default date which is the important one. It will drop off the file 6 years from then.

fermi

The D s every month are not new defaults. Just status updates on the original. Basically just saying still defaulted and not satisfied each month.

It is the way they should should show on the CRAs who show status histories like that..

bringingit

Thanks Jason, so for the account with a default from November 2012 - that will drop off after November 2018 even those it will still have default entries up until...when it gets arranged/settled.

I guess the only thing is then the difference in the Capquest default dates - one starting in February 2013 and one starting in September 2013.

fermi

Yes, it will drop off 6 years from the original default.

Please see the board sticky at the top of the forum ---> How long do accounts/defaults remain on your credit file?

bringingit

Thanks fermi

Jason_Bourne_2

Yeh, even if you settle it tomorrow it will still show as a default for 6 years from default date.

fermi

No probs.

I really wish the CRAs would not show account statuses like that, as it is very confusing and quite understandably people get the wrong end of the stick regarding what those markers mean. Or at least put a footnote on the report entry explaining them.