Credit report help please

Newtothis92

Good morning

I was hoping someone may be able to advise me a little. For starters my credit history is a bit of a catastrophe (I'm working on it). I really wish in school they taught more about debt, Credit history, council tax And mortgages :eek:

Anyway I've had a clearscore account for a while and check that monthly. I know everyone says credit rating (the number) is meaningless, but it is a bit of a personal boost to see it increasing.

Last night I set up a Noodle account and found their report to be a lot more revealing. So I have 4 mobile phone contracts that I didn't finish paying when i was a bit younger, I'm currently paying £20 p/m to Lowell in an attempt to pay this (I'm in a poor financial situation die to not being able to work as I care for disabled son)

So a few questions. Firstly in Lowells Q&A is states that a default is registered by the original company and they take this over. So e.g my 02 account first defaulted 12.08.13 however the balance history on Noodle shows as Jan 17 default and every month from here decreasing by the £5 I pay towards each account. So what confuses me is the date of the default and when the debt would be removed from my credit file in this example? Does the 6 years start from the first date of default or as I'm paying every month does this reset the clock?

Secondly; And this is more confusing for me. I can't understand why the original default balance is different from the amount Lowell have me due to pay however they say they don't add any fees?

E.G - the same 02 mentioned above shows a default balance of £210 however looking at the monthly balance history shows payments made from July 17 and a balance of £427 reducing by the £5 p/m I pay towards each account.

One account shows on noodle as no payments having ever been made toward it, however my Lowell account shows I have been paying this as I have the others

And finally a third account that shows default date 05.01.15, default balance £572. Balance history on noodle shows March 16 to January 17 balance was £572 increasing in February 17 to £748 and then begins deducting by the £5 in August 17 (when I set up my payment plan.

So am I misinterpreting my noodle credit report or is there a reason the default balance might change. Is this someyhing I need to take up with noodle or Lowell and if so which?

Of course I don't expect anyone to be able to mind read or answer anything impossible but I would love some advice before I do go trying to contact the above companies?

Many thanks I'm advance

[Deleted User]

Accounts will drop off 6 years from date of initial default.

The discrepancies in amounts is probably a timing issue.

Once you've cleared your debts, check that they are marked as settled.

As well as Noddle (not noodles) and Clearscore, check your Experian files.

And I know you like your score, but don't be upset when it drops when you clear the final debt. Credit scores hate change.

Newtothis92

Ah thank you zx81

Dobbibill

Your Experian report can be checked here free
https://www.moneysavingexpert.com/creditclub