Repaying a defaulted debt

[Deleted User]

Hi,


My girlfriend had an old debt on a Natwest Current account. The debt showed as defaulted on her Noddle credit report.


We have set up a direct debit to repay the debt (£50/ month of a £1200 debt). The debt is still showing as defaulting every month on the report.


Should this be the case? Now that the debt is being repaid should the status of the default be changed?


Thanks

fermi

No, once defaulted the months status shows as a D/8 no matter what you are paying.

The monthly status codes show how you are paying against the original agreement, which once broken with the default can't be unbroken.

The status codes are NOT there to show how you are paying under any informal arrangement you come to to pay back once the original agreement was broken.

That's not wrong but just the way these things are shown on reports.

The balance owing should still be updated every so often though.

[Deleted User]

Thanks. The default value is still showing as the original amount but the amount owed is decreasing every month.

fermi

The "default balance" should stay the same, at that is a fixed amount, being simply the balanced that was owed when the account was defaulted.