Hi Nearlydone

I am not 100% sure what information you referring to, however, perhaps I can guess what you are referring to and give you some information.

There are two parts that relate to dates.

Default date - which should match the date your Trust Deed was signed.

The payment record for each creditors (usually shown in circles and showing the past six years).

Ideally the circle will show S or PS in the month the Trust Deed was signed - however, in reality it does not matter. It is the Default date that is important. That date triggers the account to 'dr#8203;op off' after six years and the payment circles disappear at the same time as part of the creditor record.

So you are asking the Credit Company to correct your Default date to match the Trust Deed signing date - and have the account marked as Satisfied or Partially Satisfied.

Does that answer your point?

Another great answer Firewalker - about time we subcontracted all credit rating question responses into your capable hands!

nearlydone - I think Firewalker is correct. Get the default date backdated and you can expect the account to disappear six years after the corrected default date.

Hello

just to clarify there is no default date recorded it is only a settlement date of november 2012 and the entry shows payment history dating back 5 years from this date. so when it dr#8203;ops off in 2018 the entry will still show missed payments from 10 years previous. it was my understanding that my credit file should only show information going back 6 years from present date.

thanks

Was this loan included in your trust deed nearlydone? Or had it been paid off?

I'm trying to ascertain what is meant by "settlement".

Sadly, TDA, the knowledge comes from learning through experience with the Trust Deed and trial and error. I am only too happy to share if it makes it quicker and easier for others.

Hi NearlyDone

Where are you seeing this information? Which Credit Reference Company?

I had that with one of my accounts with Barclaycard. They showed it as settled rather than default. It was included in the Trust Deed and so I requested they amend the record to the Default date.

However, I am unsure that they would show defaulted payments for 10 years? May I ask how you know that?

From my own experience and record, the payment record circles only show for six years. So if you take the date Trust Deed is due to fall off in 2018 - unless you get it changed to a default with correct date, it will show payments back to 2012. As each month moves on the 'circles' dr#8203;op off.

I have not seen more than 6 years payment records on any of mine which is why I am asking where you are seeing more than 10 years of 'circles' of payment records.

TDA has already asked about whether the account was included in the Trust Deed.

Sorry if I am not understanding fully what you are meaning.

Hi firewalker

the report is from equifax. My loan in question was with northen rock now NRAM and was included in my trust deed. this was signed and protected on Aug 1st 2012. and This loan shows as satisfied on the 14th November 2012, and there is no default date. the problem seems to be as it was last updated in Jan 2013 it shows the previous 5 years payment history prior which dates back to 2008.
what i am trying to ask is should my payment history for said loan not only go back as far as 2010 ? 6 years ago this month.
the 10years on payment history comes from the fact this particular entry on my credit file is due to fall off in 2018. but if its is not being updated monthly in 2018 it will still look the same. in as much as it will still show missed payments from 2008.

regards

I truly am unsure Nearlydone.

All I know is that if an account is closed, it states the date the account was closed, and it remains on the credit file for six years from that date.

Similarly, I understood the payment record only shows monthly 'circles / payments' for six years. As each month moves on, circle dr#8203;ops off.

I am not in any way an expert in this nearlydone and others may know more information about this.

Barclaycard showed Satisfied for me and had no Default date.
I got them to change the record to reflect the correct status, and it automatically fell off. It did take a few communications and I also received compensation from them when I raised a complaint.

My suggestion would be to contact NRAM, advise them it is incorrectly recorded; that it was a Trust Deed with a Default Date of XXXX (Trust Deed signing Date) and ask them to correct the record.

Sorry I cannot be much more help. I think the key here is to get them to have it recorded as a Default with correct date and link to Trust Deed.

Let us know how you get on.