paying off a debt through a monthly payment plan

lnm8

I owe around £400 to a company for an unpaid bill a few years ago (moved house and turned out i still owe money) and was notified of this in july.
I corresponded with the debt collection agency through letter and set up a payment plan of £20 per month as at the minute I can't afford to pay it all off at once. I have checked my credit report and it is still saying I am defaulting even though I have paid august and september's payments. Will this continue to come up as a default until I have paid all of the money off or should it not be appearing as this as I am paying it?

thanks in advance

double_mummy

once defaulted it will always show as defaulted until it is off your credit file

Puzzcat

A default will remain on file 6 years from the original default date.

sourcrates

lnm8 wrote: »

Will this continue to come up as a default until I have paid all of the money off or should it not be appearing as this as I am paying it?

It shows as default because you have defaulted on the contract by not paying the original amount specified in your agreement.


You have made an arrangement to pay, which I am assuming is less than the original contracted payment would of been, so your account will be recorded as defaulted or arrangement to pay, until you have paid off the debt, this information will remain on your file for 6 years, as the others have pointed out.