Hi all
Is a 'default notice' from a creditor different to a 'defaulted credit account'?
Just had a look at my rather colourful(as it is now!) credit report and it states that I have 'no defaults' registered, although when it goes into my credit agreement history it does show my current situation with regards my account going into arrears just recently.
Just wondering if there is a difference - I think there may be but cant be sure of the detail.
cheers
I don't know either, but will just bump this back up so one of the experts can see it.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
A defualt notice is something your creditors has to send to you when you have defualted on the account, they will then report this to the credit agences (they ussually up date every 28 days but may be longer in some case) this should then show as a defualt on your credit file.
Bridgewood specialise in helping people deal with their debts and make the most of their financial situation - providing free, no obligation debt advice.
We can also setup a complete range of solutions including debt management plans, IVA and bankruptcy support.
No need to worry about defaults on your record until after the IVA has finished, then you can get any removed which were placed on after IVA approval.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
