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need help understanding default account
mollie15
Posts: 1 Newbie
Hi there
I've just checked my credit account for the first time and got a score of 'fair' due to two things: The first being that i don't have have enough historic revolving credit account data available to calculate a balance trend. And the second being from a default account which I had no idea about. It stems from 5 years ago when I was a sales representative for a cosmetics company, my credit check says that a balance of £94 was defaulted in 2011, around the time I stopped working for the company due to becoming very ill. I don't ever recall receiving any letters informing me I owed them money and have today trawled through my emails from them from 2010 and 2011 but have found nothing stating that I owed £94. My question is what should I do for the best? Do I still need to contact the company and pay them the £94 or will the default account leave my credit score eventually on its own?
Apologies for sounding so dozy, I'm just a young'un starting out and worried that this will have an impact on me getting a mortgage etc. thanks for any advice:(
I've just checked my credit account for the first time and got a score of 'fair' due to two things: The first being that i don't have have enough historic revolving credit account data available to calculate a balance trend. And the second being from a default account which I had no idea about. It stems from 5 years ago when I was a sales representative for a cosmetics company, my credit check says that a balance of £94 was defaulted in 2011, around the time I stopped working for the company due to becoming very ill. I don't ever recall receiving any letters informing me I owed them money and have today trawled through my emails from them from 2010 and 2011 but have found nothing stating that I owed £94. My question is what should I do for the best? Do I still need to contact the company and pay them the £94 or will the default account leave my credit score eventually on its own?
Apologies for sounding so dozy, I'm just a young'un starting out and worried that this will have an impact on me getting a mortgage etc. thanks for any advice:(
0
Comments
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The default will come off your credit report after 6 years, so in 2016, whether you pay it or not. Once gone it will not have an impact.Free/impartial debt advice: National Debtline | StepChange Debt Charity | Find your local CAB
IVA & fee charging DMP companies: Profits from misery, motivated ONLY by greed0
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