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Default, or not?
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HarryIb
Posts: 33 Forumite
Just looking at a credit report generated via ClearScore and there's a default reported by Cabot. However, there's been an arrangement to pay in place for six months and all payments have been made in connection with it. Is it normal for this still to be flagged as 'default'? Thanks.
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Comments
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Not sure it's normal but it's to your advantage. The whole entry will now drop off 6 years after the default, whereas with an AP it would have stayed till 6 years after the debt was cleared, all the time showing a negative marker.1
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