Closed Accounts Confusion

Hi guys. 

I have got two accounts from RateSetter (for roughly £12k total) that are closing on my credit report which I am confused about what that means exactly?

These accounts are in default and have since been sold to a third-party who has been contacting me and I have ignored. 

The confusion is that I owe to other companies in the same situation (sold to third-parties) but their accounts are currently stated "in default" and have been for some time.

Can I ask what does it mean and is it preferred or detrimental? I have won a case with the Financial Ombudsman to have a separate loan disclosed on my credit report due to irresponsible lending, and plan to do the same with Ratesetter, but didn't know why it's closed.



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