Default & mortage

39 Posts
Hello, I defaulted an account back in 2009 which was promptly moved on to a debt collection agency. Now I have been paying them for the last 7years with no issues.
My question is this, the default for this account dropped off November 2015. Why has the account completely disappeared on my credit file?
Now I have no defaults yet still pay this company X a month (no fees or anything) will the fact I'm paying a debt agency so much a month still affect my mortgage chances? Technically no defaults and or anything to say on credit file I owe anything. Have I slipped into an unknown loophole?
My question is this, the default for this account dropped off November 2015. Why has the account completely disappeared on my credit file?
Now I have no defaults yet still pay this company X a month (no fees or anything) will the fact I'm paying a debt agency so much a month still affect my mortgage chances? Technically no defaults and or anything to say on credit file I owe anything. Have I slipped into an unknown loophole?
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Be sure to keep up any arrangement you have with the collections agency as they have been known to issue fresh defaults themselves and they, right or wrong, are notoriously difficult to have removed.
Yet and rightly so the debt is still payable (not disputing that)
Just worried any potential mortgage lender may find it odd I pay out X a month to basically an unknown... :eek:
My only other default is due to drop of in August. In your opinion do you think waiting until that one drops off will make a massive difference to interest?
Basically I don't know whether to wait until after August before applying or just do it now in the hope it won't make to much a difference.
Any help will be gratefully appreciated.
Hence why I said pay it off. As the fact that old debt still exists is a representation of you as a potential borrower. Lenders can pick and choose their customers along with the business they underwrite.