Default

johnboy13

Hello, I have a default on my credit file from Cabot financial. It's from a old Likely Loans account. It was my top up loan from May 2018
I missed my first payment on Oct 2018 and I didn't pay for 6 months so it defaulted (long story). Cabot Financial took over the account and it went into default on April 2019.
On my credit file it states the default starts in April 2019 but I thought the default date starts from when you miss your first payment which would then be Oct 2018, or am I wrong.

fatbelly

They are supposed to register a default after 3-6 missed payments so they are just about within the guidance

Nasqueron

fatbelly said:

They are supposed to register a default after 3-6 missed payments so they are just about within the guidance

The guidance is 2-3 missed contractual payments, but it is just guidance, their policy might be to help a customer catch up before defaulting (or to delay doing it to keep the debt on record as long as possible!)

fatbelly

It's section 4 of this document

https://www.scoronline.co.uk/key-documents/

3-6 months in arrears

johnboy13

Hi and thanks for your responses. The link above doesn't work?
Im just trying to get my default removed quicker from April next year to Oct this year so I can get a mortgage.

fatbelly

johnboy13 said:

Hi and thanks for your responses. The link above doesn't work?
Im just trying to get my default removed quicker from April next year to Oct this year so I can get a mortgage.

You can ask them if they will move the default forward. Link works fine for me.

It's the second document and opens as a pdf