Defaulted credit

kentchicken

Hi guys & girls i need help if possible: i have an account with equifax and i have some files stated defaulted but im and making weekly/monthly repayments but this doesn't state this on the check and also in which balance is also nearly clear. Should i be in the green with this as im making regular repayments now? How/who can change this?

Thanks all that can reply & give me answers

rizla_king

You don't get green on a defaulted debt. It stays a default from then on. All that should change is the balance going down.

Tixy

Hi

No the account should not been green and it should still show that the account is in default.

What should be happening is the current/outstanding balance should be regularly updated to show that the amount you owe is reducing.

kentchicken

Ahhh i see so once balance is all clear i will still be in te red for 6years isnt it? thanks u lot

CKhalvashi

kentchicken wrote: »

Ahhh i see so once balance is all clear i will still be in te red for 6years isnt it? thanks u lot

It will be 6 years from the date of default.

CK

sirwiggum

The red/default markers are just updates of the existing default.

The important thing is the Default Date.

6 years from that and the account will drop off.

rizla_king

kentchicken wrote: »

Ahhh i see so once balance is all clear i will still be in te red for 6years isnt it? thanks u lot

No. 6 years from the default.