Default added to report after 5 and half years.

JessePinkman26

Got myself a bit confused with this so I'll try explain best I can for now.

Had a loan in 2015 (not for a huge amount or anything). I believe I paid the first instalment back then Defaulted on this due to life circumstances (long story etc) and it was never added to any of  my credit files (Experian, Equifax and TransUnion) as far I know or could see from looking at the reports. I had completely forgotten about it over the years and only recently when checking an old e-mail address did I notice the e-mails in the junk folder. 
As of the 1st Feb this year, the company has added a default to my file. This hasn't showed up on Equifax or Experian as of yet but upon checking on CreditKarma I can now see the default has appeared on TransUnions report.

Last updated: 1st Feb 2021
Start date: 29 May 2015
Date of default: 21 July 2016

I called them as I originally thought the debt was statutory barred (I live in Scotland) however the agent on the phone said because I had paid one instalment this was not the case. Then I went through my reports and saved copies of my reports from through the years and not once on any of them has the account itself been reported on my file until this default was added at the start of Feb this year.  I then called them back and they said it was a continuation of a previous default however I never let on that this had never been recorded.

Is there anything I can do about this?  Thanks.

[Deleted User]

It's all fine. The default date seems to be appropriately dated and will drop off in 18 months.

You just got lucky for four and a half years - nothing to complain about!

Thrugelmir

JessePinkman26 said:

Is there anything I can do about this?  Thanks.

Rather than worry about the default. Concern yourself with the fact that recovery action may well follow. 

sourcrates

Never accept what you are told on the phone by an "agent", it could be right, but it could also be wrong.
The default date seems appropriate, however when did you last make payment to this account ?

The limitation period in Scotland is 5 years, and would start again immediately after your last payment.
Nothing you have done thus far has altered that, despite what the "agent" said.

JessePinkman26

sourcrates said:

Never accept what you are told on the phone by an "agent", it could be right, but it could also be wrong.
The default date seems appropriate, however when did you last make payment to this account ?

The limitation period in Scotland is 5 years, and would start again immediately after your last payment.
Nothing you have done thus far has altered that, despite what the "agent" said.

Truth be told I have no idea, can't even check previous bank statements as was so long ago.

Should I ask them to send me all the details of the loan and any payments made and dates?