Lloyds & Defaults on credit file.

dpallett88

I've just checked my credit file using Experian and (thinking it may show some more insight, Noddle, as well)

Looking at one of my old Lloyds accounts I notice that it has been marked as "Defaulted" in 2008.

I had unpaid fees of £1,393, though the entire amount was paid off in full by my Dad as a means to help me out.


It's my understanding that the account should be marked as "settled", but instead this account has been showing as defaulted every month for nearly 6 years now.

Is there anything I can do? The past 6 years I've been refused mobile phone contracts, credit cards and even on one occasion, a bank account, all because of Lloyds' mistake.

Tixy

If you defaulted on the debt but it was then paid in full then it should be marked as satisfied and show in the current balance field should show as no balance outstanding.

If it shows that there is still a balance outstanding then you would need to contact lloyds and ask them to correct the entry to show that the debt is paid off (the default will still stay on your file though).

The entry will drop off your file 6years from the date of the default as shown on your file.

With a default on file then regardless if satisfied or not you are certainly going to find it hard to get accepted for new credit.

dpallett88

Tixy wrote: »

If you defaulted on the debt but it was then paid in full then it should be marked as satisfied and show in the current balance field should show as no balance outstanding.

If it shows that there is still a balance outstanding then you would need to contact lloyds and ask them to correct the entry to show that the debt is paid off (the default will still stay on your file though).

The entry will drop off your file 6years from the date of the default as shown on your file.

With a default on file then regardless if satisfied or not you are certainly going to find it hard to get accepted for new credit.

Thank you for the response.

I wasn't aware it would make a difference should the debt have been cleared and showed as satisfied.

In that case default will clear by March, I'll probably wait for it to clear rather than try to contact Lloyds over a 6 year old account, I should have checked my credit file years ago.

Just have to wait out another couple of months before trying to get any type of credit, thank you again

climbingoutoftheabyss

I'd just wait it out now. I disputed a default with Lloyds and it took nearly a year to sort it out.