AR Status on Credit Report

cmssbrie

Hi,

Should an 'AR' (Arrangement to Pay) status show on your credit report until the debt is paid off in full? - or would this fall into the same category in the ICO guidelines stated in other posts:

Accounts should not be routinely filed as being in default where full payments or those due under a rescheduled agreement are fewer than three consecutive months in arrears.
Accounts should normally be filed as being in default where those payments due have not been received for six months.

My debt was paid off in full in 2011, but as this will show on my credit report until 2017 - I was wondering if the lender should have treated this as a default in the first place?

sirwiggum

Ideally yes, they should've defaulted you.

I was in a similar situation and complained that I was at a disadvantage by offering to pay reduced amounts, against not paying and defaulting which would've wiped the account from my file after 6 years regardless.

The creditor agreed and removed the account from my credit files.

cmssbrie

Will get onto the lender - thanks!