Experian File - score dropped 716

m4rc

pvt wrote: »

But the words you quoted are "a defaulted or delinquent account". Your account is certainly delinquent by the sounds of it.

And stop trying to rationalise these made up scores - they're nonsense designed to make you feel there's something you need to fix and hook you into buying their snake oil.

A formal default being registered against them is different to an account be delinquent. I had a 'delinquent' account when I moved a few years back, I changed utility suppliers and cleared the outstanding amounts and closed the accounts. Or so I thought.

I actually owed British Gas around £35, but they didn't tell me for 6 months. I cleared it and I checked my credit history and was told I had a defaulted or delinquent account with lots of non payment markers. A couple of months later it was shown as a settled and closed account, although it had some late payment markers. I'm pretty sure that hasn't had the same impact as a defaulted account would have, settled and closed or otherwise.

kimi1977

m4rc wrote: »

The best advice is to cancel the £14.99 a month you are paying them to make a number up for you, save the nearly £180 a year and forget about it. Pay your bills on time, don't apply for too much credit and you will find over the next year or so your credit history (not score) benefits, so when you next apply for credit things should be a little easier.

Your score went up 14 points, it could go down 50 next week and up 200 the week after, it honestly makes no difference at all and won't help or prevent you getting credit. The number has to change fairly often or you wouldn't keep checking and they wouldn't keep you interested, and they really want your money each month. The only person who can see that number is you.

If it helps I have moved recently so am not yet showing on the electoral roll and I have some fairly new credit, I get the free check with Barclaycard so I had a look out of interest and apparantly my credit rating is actually zero! That was he week before last, last week I had a credit limit increase on a card and upon opening a new bank account was given an overdraft. Not really something that should happen with zero credit rating - just shows its all rubbish. Equally there are people on here with a score of 999 who get declined for credit, so it matters not.

The important thing is to save the money, over a few years that's a holiday!

Good post thanks, like I said with the weather vane it is constantly moving.

I spoke to them today - it is indeed 7

"Your account will default after seven missed payments. Because of your financial position, we are unable to prevent your account from defaulting. If a Default is registered, your account will be closed and any outstanding debt may be referred to a third party for further action. You are currently four payments in arrears."

kimi1977

m4rc wrote: »

A formal default being registered against them is different to an account be delinquent. I had a 'delinquent' account when I moved a few years back, I changed utility suppliers and cleared the outstanding amounts and closed the accounts. Or so I thought.

I actually owed British Gas around £35, but they didn't tell me for 6 months. I cleared it and I checked my credit history and was told I had a defaulted or delinquent account with lots of non payment markers. A couple of months later it was shown as a settled and closed account, although it had some late payment markers. I'm pretty sure that hasn't had the same impact as a defaulted account would have, settled and closed or otherwise.

delinquent' is when they try to settle the debt themselves? default is when they pass the debt onto a collection company? is that correct.

m4rc

A default doesn't have to be passed to a DCA it just means they have gone through the formal process of issuing a default - you get notice it might happen, you get notice it will happen, it happens.

Delinquent means it isn't being paid properly - below minimum amount or no payment. From what I can find it isn't a huge deal if it's settled, as time ticks by the late pay,went markers slide down the time line and the account of course shows as settled and closed or up to date.