Incorrect Default On Credit File

Adam_Laing

In 2014 i got a default because I was young and stupid with money! it has been on my credit report since then, however, I paid the total amount in 2017 and the default should have been classed as "Settled". I only recently noticed that the default is still on my credit report and not settled! I contacted the company I have the default with and they are now settling the default but this has been on my report for 2 years unnecessarily, during this time I have got a credit card and a car on finance, The only reason I noticed this is because I'm now going for a mortgage! having this default has meant that I have got higher interest rates and fewer options when getting credit. Is there anything I can do as any kind of compensation or anything like that as this has massively affected my credit report!

jjames1985

settling a default doesn't mean it gets removed from your credit file.  you don't have any claim here.

Adam_Laing

jjames1985 said:

settling a default doesn't mean it gets removed from your credit file.  you don't have any claim here.

Yeah i understand it stays on my report for 6 years, however, having it settled is a lot better than showing as left for 6 years 

tommyedinburgh

Adam_Laing said:

jjames1985 said:

settling a default doesn't mean it gets removed from your credit file.  you don't have any claim here.

Yeah i understand it stays on my report for 6 years, however, having it settled is a lot better than showing as left for 6 years 

Could you provide an insight into how this is the case? 

jjames1985

Adam_Laing said:

jjames1985 said:

settling a default doesn't mean it gets removed from your credit file.  you don't have any claim here.

Yeah i understand it stays on my report for 6 years, however, having it settled is a lot better than showing as left for 6 years 

the difference will be negligible.

D3xt3r5L4b

With it due to drop off this year, are you really that bothered about it?

Emmerdale7

Default Removal time frame info
Got one due off April 16
Is it actually removed that day
I successfully got this default backdated

D3xt3r5L4b

Emmerdale7 said:

Default Removal time frame info
Got one due off April 16
Is it actually removed that day
I successfully got this default backdated

How is this related to this post?