Defaults question

[Deleted User]

Could someone confirm why an account that I settled in 2012 would still be showing up as defaulted every month for the past 4 months? I have posted a screengrab below (with personal details removed).

I understand that a settled default is still a default, but it's not recorded any monthly defaults since 2012 and now suddenly they've popped up in the 'last 1-12 months' section (although does the 'last 1-12 months just refer from when the account was settled?). Also should it not say 'settled' somewhere?

fermi

Yes, it is the last x months on the account, not the last x months from now.

Defaulted accounts get marked as 'satisfied' instead of 'settled'.

[Deleted User]

Thanks fermi- I was hoping that was the case!

Where would it be marked as 'satisfied'? Or is that just where it lists 'default satisfaction date'?

fermi

Yes, that is where it should say that. Any potential creditor would pick that up for the account status.

Experian still show the last entry in the history as a 8, even when satisfied. That is just how they show these things on their reports, and that is what anyone checking would expect on a satisfied debt on Experian.

Other CRAs display things a little differently, but that is again just their convention.

[Deleted User]

Thanks for confirming fermi- very helpful.