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Late Payments on Credit Report

I made a mistake of defaulting on a Credit Card at my previous address 3 years ago
Or at least I thought it had defaulted.

The Card had a credit limit of £650 and the balance on it stood at £660.
I have not used the card for over 3 years nor made any payment.

Having looked at my Experian Credit Report recently, I have noticed that this card is showing as 'in use' and not in default. The balance still stands at £660.

The last 27 months are showing as -6 late payments markers.

Also, on the report the credit limit is showing as being increased to £900 24 months ago, then increased again to £1,200 12 months ago.

Does anyone know why Late Payment Markers are showing rather than a Default?

Thanks.

Comments

  • sourcrates
    sourcrates Posts: 31,833 Ambassador
    Part of the Furniture 10,000 Posts I've been Money Tipped! Name Dropper
    It’s entirely at the companies discretion, they should of defaulted you, but maybe they still want you as a customer, hence the limit increases.

    Or they may just be lazy and have forgotten about you.
    I’m a Forum Ambassador and I support the Forum Team on the Debt free wannabe, Credit file and ratings, and Bankruptcy and living with it boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.For free non-judgemental debt advice, contact either Stepchange, National Debtline, or CitizensAdviceBureaux.Link to SOA Calculator- https://www.stoozing.com/soa.php The "provit letter" is here-https://forums.moneysavingexpert.com/discussion/2607247/letter-when-you-know-nothing-about-about-the-debt-aka-prove-it-letter
  • sourcrates wrote: »
    It’s entirely at the companies discretion, they should of defaulted you, but maybe they still want you as a customer, hence the limit increases.

    Or they may just be lazy and have forgotten about you.
    Thanks for your reply.

    I remember receiving a default letter from them about 3 years ago at my previous address.
    They blocked the card, then closed the account and I stupidly never took any action to rectify the debt and moved away.
    I don't have the card anymore.

    Only thing that puzzles me is why they are increasing the credit limit whilst I have no access to the account now?
  • Why don't you 'phone your creditor and enquire as to the status of your account?
    I work within the voluntary sector, supporting vulnerable people to rebuild their lives.

    I love my job

    :smiley:
  • Exodi
    Exodi Posts: 4,156 Forumite
    Eighth Anniversary 1,000 Posts Wedding Day Wonder Name Dropper
    Mr_Majeika wrote: »
    Only thing that puzzles me is why they are increasing the credit limit whilst I have no access to the account now?

    Likely to add the interest and fees to it...
    Know what you don't
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