does my credit report hold correct info

gem31

In july I paid off my 2 credit cards in full that had been referred to viking and mercers (debt collection). I have just checked my credit file and one of them has marked it as satified and not settled as well as each month from jan 2012 to july 2013 as a D in red for default, id have thought it should be down as settled and each month marked with AR for arrangement to pay the same as my other. Am i wrong and if not could someond please advise on my next steps? Thankyou x

fermi

Defaulted accounts are usually marked as satisfied rather than settled, so that is OK.

Also if that account has been formally defaulted, then the correct monthly status would be a D until paid off rather than an AP. An AP as a monthly status only applies on accounts that haven't been recorded as a default yet.

gem31

Thanks. I was just a little confused as I set up a monthly payment with each one and paid off the full balance on each one in july. I was told that if I paid in full it would be settled or if paid a reduced ammount to clear the debt it would be satisfied so i chose to wait until I had the whole ammount. So one is down as D on each month and satisfied and the other is AY each month and settled? Must be down to the debt collection agency then. If id have known id have paid less to clear it :-(

Top-ranking_Bug

I was told the same thing, and I have similar results on my report! I was paying via Stepchange and I paid off the whole amount as well. I did the same with 4 other creditors, and they all show "settled" and green on the monthly status except for Aktiv Capital ("settled" but red 8s for the entire history) and Capquest ("satisfied" and red 8s for the entire history).
Is there anything I can do?

fermi

Probably not, as a debt being referred or sold to a collection agency is one of the key possible indicators of a default (8 marker on Experian) under ICO guidelines. Tricky to argue against that status.

Small silver lining would be that those accounts will drop off 6 years from the original first default date, nuch sooner than the no defaulted ones that will linger on your report for 6 years from the settlement.