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Delinquent and Default - Credit report
![[Deleted User]](https://us-noi.v-cdn.net/6031891/uploads/defaultavatar/nFA7H6UNOO0N5.jpg)
[Deleted User]
Posts: 0 Newbie
Hello
I’m in process of reducing my debts myself rather than going through a DMP.
i have a number of accounts that are showing as delinquent and a few showing as default. Having don a quick Google search is it right in assuming default is worse that delinquent?
Any advice would be really appreciated.
If I could please ask that any abbreviations are explained as being. A menus to this I don’t understand what they mean.
Many thanks
I’m in process of reducing my debts myself rather than going through a DMP.
i have a number of accounts that are showing as delinquent and a few showing as default. Having don a quick Google search is it right in assuming default is worse that delinquent?
Any advice would be really appreciated.
If I could please ask that any abbreviations are explained as being. A menus to this I don’t understand what they mean.
Many thanks
0
Comments
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Delinquent can be used to describe an accounts status prior to default, yes.
Worse in what way though?
An account can remain delinquent for many years, wear as a default will be gone and off your file in 6 guaranteed.I’m a Forum Ambassador and I support the Forum Team on the Debt free wannabe, Credit file and ratings, and Bankruptcy and living with it boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.For free non-judgemental debt advice, contact either Stepchange, National Debtline, or CitizensAdviceBureaux.Link to SOA Calculator- https://www.stoozing.com/soa.php The "provit letter" is here-https://forums.moneysavingexpert.com/discussion/2607247/letter-when-you-know-nothing-about-about-the-debt-aka-prove-it-letter0
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