Property repossession

Duckie2019

My husband had a property repossessed in January 2020 however the first missed mortgage payment was January 2019. On his recent Experian report it details that the default date in January 2020. Our understanding is that the date on the credit report should be the first missed payment which lead to the repossession, therefore it should detail January 2019 not January 2020. 

The debt has all been settled and is marked as satisfied on the report. 

We’ve contacted the mortgage company to advise the above but they have written back to say it’s correct, repossession date of January 2020 is correct on your credit report! 

Any help or advice would be great! 

Thanks 

ACG

You do not default on the first missed payment, that is just a late/missed payment. Usually it would show 1, 2, 3 etc on your credit report. If you were making partial payments it might show as 1, 2, 2, 2, 3, 3, 4 etc and that might explain why it took 12 months to default.