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  • FIRST POST
    • in_a_noodle
    • By in_a_noodle 11th Nov 19, 2:11 AM
    • 16Posts
    • 73Thanks
    in_a_noodle
    Missed payments via a default
    • #1
    • 11th Nov 19, 2:11 AM
    Missed payments via a default 11th Nov 19 at 2:11 AM
    Hi all,

    I have had 2 defaults, both issued in late 2015, one of which was satisfied in April 2018 and the other in August 2019. Both of these show as missed payments from the day they were transferred to a DCA (Cabot and PRA) up until their satisfied date on my totallymoney report.

    I understand that the defaults will drop off after 6 years (2 to go), but will the missed payment markers go with them too at that time? I ask because I calculated that at the 6 year mark there will still be 36 missed payments being recorded.

    Thanks in advance
    LBM 8th August 2014 21,200 | 0 | Debt Free Date - 23rd August 2019
Page 1
    • zx81
    • By zx81 11th Nov 19, 5:21 AM
    • 24,092 Posts
    • 26,802 Thanks
    zx81
    • #2
    • 11th Nov 19, 5:21 AM
    • #2
    • 11th Nov 19, 5:21 AM
    The whole account drops off 6 years from default.
    • Willing2Learn
    • By Willing2Learn 11th Nov 19, 9:08 AM
    • 4,604 Posts
    • 4,163 Thanks
    Willing2Learn
    • #3
    • 11th Nov 19, 9:08 AM
    • #3
    • 11th Nov 19, 9:08 AM
    @ in_a_noodle,

    First, congratulations on being debt-free!!!

    What do you mean by 'missed payment markers'? Surely the accounts are just marked with continuous 'Default' markers?
    Last edited by Willing2Learn; 11-11-2019 at 9:11 AM.
    I work within the voluntary sector, supporting vulnerable people to rebuild their lives.

    I love my job

    • in_a_noodle
    • By in_a_noodle 11th Nov 19, 1:28 PM
    • 16 Posts
    • 73 Thanks
    in_a_noodle
    • #4
    • 11th Nov 19, 1:28 PM
    • #4
    • 11th Nov 19, 1:28 PM
    Thanks, now that I'm finally debt free I'm looking to repair the damaged it caused.

    On the totally money credit report, and only them as far as I can see, there is a section on the Analysis page under "Your payment history" called "Missed Payments".

    It breaks them down into various time frames (1 to 6 month, 7 to 12 months etc) and it is listed as "high impact".

    And thanks zx81, that's exactly what I was hoping
    LBM 8th August 2014 21,200 | 0 | Debt Free Date - 23rd August 2019
    • Willing2Learn
    • By Willing2Learn 11th Nov 19, 1:41 PM
    • 4,604 Posts
    • 4,163 Thanks
    Willing2Learn
    • #5
    • 11th Nov 19, 1:41 PM
    • #5
    • 11th Nov 19, 1:41 PM
    On the totally money credit report, and only them as far as I can see, there is a section on the Analysis page under "Your payment history" called "Missed Payments".

    It breaks them down into various time frames (1 to 6 month, 7 to 12 months etc) and it is listed as "high impact".
    Originally posted by in_a_noodle
    Totally Money use TransUnion data. Have you looked at your free TransUnion statutory report to confirm exactly how the account data is being recorded?

    https://www.transunionstatreport.co.uk/CreditReport/AboutYou This link asks for either your credit or debit card details to verify your identity. (No money is debited from your account).
    I work within the voluntary sector, supporting vulnerable people to rebuild their lives.

    I love my job

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