Status 6 on credit file

cmssbrie

Hi,

I kind of hijacked another thread with this question - so I thought I would ask it in the correct manner:

Hi,

I went on a DMP in August 2008. I had a total of 8 x accounts (all now settled by the way) - and 6 of which went to 'Default' status. the other 2 (Natwest Loans and CL Finance) did not default according to my file, and I now see a whole load of '6's' on my credit file up until when I paid off the debts in full.

CL Finance show that I have a 'status 6' from November 2008 up until I finished paying off the debt (September 2011) where it then goes to 'Satisified'. (N.B All entries have a 'DM' reference underneath each 'Status 6').

Natwest show that I have a 'Status 6' from June 2009 up until when I paid it off in April 2012. Interestingly, there is a mixture of 'DM' and 'AR' under each entry too.

Could somebody verify if:

1) Both of these should have been classed as 'Defaults'
2) If so, should they show as 'Defaults' from November 2008 for CL finance, and June 2009 for the NatWest one?

Thank you in advance - I can't tell you how useful this whole website is!

CKhalvashi

IME, it should be when you're 6 months behind, and to include interest.

I'm in meeting now, but I will get back to work it out when I'm free (about 3pm) if noone else helped before.

CK

Tixy

Hi

Repeated use of 6 payments late should not be used in place of a default (specifically mentioned in the ICO guidelines on filing a default - section 4). ICO Guidance - Filing defaults with credit reference agencies

Yes you have a good case to write to argue that these should have been defaulted.

CL - Yes Nov 08 appears reasonable
Natwest - June 09 is arguably too late. A default should usually be entered by the time you are 6months in arrears/behind with repayments (again mentioned in the ICO link above).

cmssbrie

Fantastic guys - thank you so much - I will get onto them both.

CKhalvashi

Tixy has answered it for me.

If you need help working it out, we're here to help.

CK