Closed accounts

Bexx1234

Hi All,

Please can someone help me!! Are closed accounts classed as defaults? I have a closed account that shows i went into arrears, then settled then closed.

Im so worried about this being on my credit file.

If anyone can give me some advice i would be really grateful:).

[Deleted User]

Closed accounts aren't defaults. Defaults are defaults - you would have received notification of it.

Arrears are not good either, but not as bad as a default.

Bexx1234

Hi ZX81,

Thank you so much for your reply, ive been looking online and there is some very confusing information, one website stated that closed accounts are looked at as defaulted.

If i was thinking of getting a mortgage would this be looked at in a bad light due to the passed arrears, even if its from 2012?

Thank you again.

[Deleted User]

4 years on, it won't be so bad, but you might not have a free choice of lenders.

Best to use a broker to help place the mortgage.

Bexx1234

Thank you zx81, much appropriated