Experian report

SGrant90

Hi,

What does it mean when it says current status is default/ended but it also says the account has been settled?

I have accounts that say the status is default/ended but also have the settled date as over a year ago?

sourcrates

Well if you havent settled them, then those terms usully mean your debt has been sold by the orginal creditor, and they have washed their hands of it.
The new owner, will usually start reporting on your file, and as long as the default dates are the same all is well.

SGrant90

sourcrates wrote: »

Well if you havent settled them, then those terms usully mean your debt has been sold by the orginal creditor, and they have washed their hands of it.
The new owner, will usually start reporting on your file, and as long as the default dates are the same all is well.

The settled date is over a year ago (15 months), wouldn't whoever had taken over the debt have reported it on the file by now?

The report itself states I have no debt on file. (Well it actually says my debt is a low proportion of my income, but I have no income so..). Also my equifax report also states I have no debt, and that report also shows no accounts on there,

EDIT:

Also, I have checked my ClearScore report, and on there the account is in the closed section (this section also shows defaulted and settled accounts there). ClearScore also reports no short or long term debt,