Credit Report - Is this right?

taffam

Hi there

I have just looked at my credit report and wondered if someone could give me some advice.

I defaulted on a Citifinancial loan a while ago and it was passed over to Direct Legal Collections/Hillesden. I have been paying regular payments of £112 a month for well over a year now and not missed one payment.

However, on my credit report is shows the default balance and the current balance are the same, and that the default was registered on the 1/6/06. Now to me this looks like I haven't paid anything for the last 2 years! The original default balance was over 5k by the way.

Also, in the payment history there is a big red 8 in brackets which means I have defaulted on the agreement, although I am paying them - it looks something like this:

Company name:HILLESDEN SECURITIES LIMITEDAccount type:LoanStarted:18/07/2005Default Balance:£4,624Current Balance:£4,624Defaulted On:01/07/2006File updated for period to:03/02/2008Status History:
(brackets indicate most recent status)IMG]https://www.creditexpert.co.uk/images/8.gif[/IMG:eek:

Is this right or should I query it?

Thanks everyone!

Burlesque_Babe

The 8 is correct if it is a defaulted account. Unfortunately, it will stay that way for 6 years, although when paid off, it will read 'satisfied'.

Not sure about the balance not changing......someone else might be able to help