Default removed but not adverse data

[saffir69]

Hi all - I have the following issue. I got into debt issues around 2005 and entered into a Payment Arrangement with my creditors in January 2006. I have not missed any of my agreed repayments. I checked my credit file and noticed that creditor number 1 had defaulted me on my loan in 2007 and creditor number 2 in 2010 for my loan and credit card. I complained via the Financial Ombudsman that the defaults were unfair in that the defaults should have been applied in 2006. Creditor number 1 agreed and back-dated the default to 2006 and have deleted my credit file. Creditor number 2 (part of the same group as creditor number 1) has agreed to remove the defaults but they are saying that they must continue reporting my Payment Arrangement and adverse data. I believe this is unfair - surely, if they have agreed to remove the defaults on the basis that they should have been applied in 2006, the credit file should be deleted? Any help would be greatly appreciated! Many thanks.

[Captain Haddock]

Re: Default removed but not adverse data

Well, the file can't be deleted for some time, as I understand it. I have a similar problem with a new default date being inserted into a credit card report on my credit file and all I want is that returned to its original default date. A debt can only be defaulted upon once and that is issued by the original creditor; no-one can adjust default dates but this seems to be a ploy tried on by DCAs. That said, it can be some time before a creditor marks an account as defaulted. They usually let you pay a reduced payment for a while and if/when you don't return to the original monthly payment they will default you. Then it's up to you to pay the arrears in 14 days, etc, etc.

Upshot is: you only need to make sure your reports detail the correct default date and that they show all your regular payments.