Also should added, the default date they have added 30/06/10, start date 01/06/14 and updated date 29/6/14. thanks

Hi sharon21.

If I'm reading this correctly, it looks like a default notice on this account was originally issued in June 2010?

If that's right, I think the whole account will fall off your credit report this summer as well as the trust deed.

Usual warning though - we've never claimed to be credit report experts.

Hi Sharon21

The Default Date of the account is the important date.

You say they added a Default Date. Do you mean they changed it from originally 2010 to 2014?

I found that each of the Credit Reference Agencies record slightly differently, so I found it invaluable to check them all.

Noddle, as you know is free.
Equifax and Callcredit can be checked via Checkmyfile for £7.99 per month.
Experian keeps to itself mainly and is around £15 per month as you will know.

As TDA says, the most important date is the Default Date. That should be the same as the Trust Deed signing date. It will fall off six years after that date. I don't know what the start date and up-dated dates are. I cannot recall seeing that with Experian.

You say you have been told you cannot get a mortgage until 3 years after this date (1/6/14 ?). I cannot speak for Mortgage companies, but if you wait until the Defaulted account dr#8203;op off you will have a better chance. Some mortgage lenders may check their own company/group records.

It could help to look at mortgage companies not connected with any of the lenders you defaulted on. As an example: Natwest is owned by HSBC. Halifax is owned by Bank of Scotland. Google "Who owns my credit card".

Or use an independent mortgage advisor who has access to the full market.

Good luck on

Thanks for getting back to me.

On my experian account it has default details as:
Default date:30/06/10
Default balance: xxxx
partial settlement
start date:01/06/14

At the side has updated:29/06/14 and current status as default.

So am I correct in saying after June this will dr#8203;op off my credit file? Sorry I am confused.

I was told by finianical advertise because had date of June 14 I would need to wait 3 years hence this being June next year, but my trust deed was sign 30/06/10- so thought by 30/06/16 this year it would eventually dr#8203;op off improving my chances of new mortgage?

Are you able to help firewalker?

Thanks

Sorry also is account is still saying default will still be removed after 6 years?

Max recovery also bought debt of MBNA and RBS but they are also showing on credit report with default dates after trust deed (30/6/10) they are showing 23/11/10 & 25/10/10 - so looks like have double defaults with max recovery as on twice - would this be the case then would probably need to wait to end of year before looking for mortgage? Any help would be appreciated. thanks

Hi Sharon21

I really am unsure what it means when they have added another start date.

The RBS and MBNA and Max Recovery should all have the date matching the Trust Deed. it is quite usual for them to be recorded incorrectly. You would write or call to RBS, MBNA, Max Recovery, and anyone else to ask them to update your Default Date to match the Trust Deed Signing Date. You use your Trust Deed and form 5 or Form 5 to highlight the signing date.

With regard to the other account showing the Start Date as you describe, you can write to Experian to ask them for an explanation of what it means and to ask when that record will dr#8203;op off your Credit File. You may have nothing to worry about. Or you may then need to contact the Creditor.

I have contacted Credit Reference Agencies in the past and they have responded quickly and helpfully. They have clarified for me in the past questions about Account Record - v - Payment Record.

There is usually a 'Contact Us' button on the Credit Reference Agency website. If it were me, I would contact them first to ask what the dates mean and when it will all disappear from your record.

I hope that is of some help Sharon. I do not know if there is much more I can help with in this case.

Thanks firewalker again for all your help. I have no idea what the start date means either but will context experian in the first instance to see if can explain and will keep you posted. Thank you

So. I am correct in thinking that the default dates shown on credit reports should be the same as the date I signed my trust deed?
If so then they are recorded incorrectly on my credit reports. Do they show as defaulted until 6 years after the signing date and after that date it should be cleared off the report?
I'm still confused as to how to deal with the incorrect information on the reports and how to deal with it..
Thanks for reading

Hi Amerififer

Yes. You are correct in your understanding.
All Default dates should match the Signing Date.

If they are only a few weeks out, you may find the effort to get them changed not worthwhile. However, if they are a few months out, then you may wish to contact the Creditor and request that they are updated to reflect the correct date.

My TD was August. The accounts varied from September to February.
I ignored the September and worked on the rest.

You can contact the Data Protection Officer; or the department that deals with defaulted accounts. I found the latter dealt with it in most cases.

You are likely to provide them with the Trust Deed and the Form 5 highlighting the signing date.

If you don't get the file updated, ask for their complaints procedure and state you wish to lodge a formal complaint. (I waited too long to do this).

My tips would be to:

Record the date time and name and telephone number when you spoke to anyone and briefly what was said.

Send anything recorded delivery and keep the details.

I used this information when raising my complaints and it was essential.

Hope that helps. Good luck.

Thanks firewalker for the information.. Will keep it all in mind.