Defaulted account.

Huddy776 · 13 November 2019 at 10:44PM

In Apr 2018 I had a default on a car finance account. I brought all payments up to date and have never missed a payment since. On ClearScore it is showing that the account is still in default with no payment history since even though all payments are up to date. I raised the issue with Equifax who got a response from the finance company saying that the account was brought up to date and had been maintained but my payment history is still not updated. Surely the account showing as in default is doing my score no good! I have no issue with the default being on there but payments since should also be updated. Any ideas on how I can sort this out? Thanks.

Ben8282 · 13 November 2019 at 10:53PM

Are you sure the account was actually defaulted because once an account is defaulted it means the relationship has irretrievably broken down. I don't think a defaulted account can go back to being in order again even if the default is settled.

Willing2Learn · 13 November 2019 at 10:55PM

hi Huddy776 and welcome to the forum

What do you mean when you said you 'brought all payments up to date'? If the account was defaulted by the creditor, this means that your relationship with the lender had totally broken down. I do not think it is possible to bring payments back 'up to date'.

Edit: Darn it. My stupid fat fingers are so slow in typing. I have basically repeated what Ben has said lol

[Deleted User] · 13 November 2019 at 11:03PM

Once an account is in default it will remain defaulted.

Nothing does “your score” any good since it’s not a real thing used by lenders.

nic_c · 13 November 2019 at 11:41PM

Was it a late payment rather than default?

Huddy776 · 14 November 2019 at 12:20AM

Thanks for the replies. It was recoded as a default but I still have the car and have maintained all payments. They have never chased or tried to recover the car.

Defaulted account.

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