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Capital one default

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  • Capital one default

    Hi,

    I have a default from Capital One dating back to 2009. I'm in the process of attempting to re-build my credit rating. On both Experian and Equifax the payment status codes go from: 1,2,3,4,Default. Is this correct because I assumed it went from 1-8 where 8 is the default.

    Could anyone clear this up for me?

    Thanks

    Eagle
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  • #2
    Re: Capital one default

    Originally posted by Eagle1977 View Post
    Hi,

    I have a default from Capital One dating back to 2009. I'm in the process of attempting to re-build my credit rating. On both Experian and Equifax the payment status codes go from: 1,2,3,4,Default. Is this correct because I assumed it went from 1-8 where 8 is the default.
    It

    Could anyone clear this up for me?

    Thanks

    Eagle
    It really makes no difference much depends on the creditors style of reporting to the CRA's and their regime for defaulting delinquent accounts.

    nem

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