Removing a default

Halfway_There

Hello all im new on the forum,i have been on a DMP since early 2010.The question i have is i recently joined experian to see what my credit score is and on there i have a defaulted account dated 17-02-2011 how is this possible as i was and still am on a DMP .Even in my dark days of overwhelming debt i never had a defaulted account i would like to know if i can do anything about it .Regards Jon

glentoran99

The fact you are on a DMP is why you have a defaulted account, a DMP means you aren't meeting contractual payments so have defaulted on the arrangement

National_Debtline

Hi Jon and welcome to the forum.


Yes glentoran hits the nail on the head. The default reflects the fact that the original terms of the agreement i.e. paying a specified amount/minimum payment each month - have been definitively broken. This has usually happened, or is close to happening, by the time a DMP is set up.


If anything, it is arguably a good thing that the default was registered as long ago as it was - it will drop off your file altogether after six years i.e. February 2017.


Dennis
@natdebtline

Halfway_There

Thanks for your replies regards Jon

North37

Just a note - make sure the default dates are correct and coincide with when the DMP started. I have be contesting mine. You can try this and it worked for me but it might not work for everyone so be sure - if you have a default which is a late payment try your best to clear that debt first and get them to remove the entry from your credit file. Some may do it. I got upset about it all and they helped me out.