Late Payments on Credit Report

Mr_Majeika

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.

sourcrates

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.

Mr_Majeika

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?

Willing2Learn

Why don't you 'phone your creditor and enquire as to the status of your account?

Exodi

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...