Default that's not a default :|

MrSilk

Hi Guys,

On all three credit files, I have an old Lloyds TSB account from 2008, which since recently I didn't pay, it was an old overdraft with £1000 bank charges, anywho I recently started to pay it off via monthly payment to Lowel (Eurgh)... it's on my file under Lloyds TSB settled and it wasn't in default.

It has been like that since last August, and no new entry has been added by Lowel to reflect the payments I'm making.

As it's not a default, would it still be seen by lenders? and if so, would it be as bad as a default?

Thanks!

Tixy

Yes the account will still be seen by other lenders.

How does it actually show on your credit file? is it showing with missed payment markers? or showing as though the account has been run within terms (i.e. green ticks/green 0s on your file).