Removing default marker.
Posted: February 22nd, 2017, 11:15 am
Does anybody know exactly when a lender is obliged to remove a default marker from the credit agencies given that the account is no longer in default?
I was in a default situation on a secured loan which reached three payments in arrears a few years ago. With hard work (and some sacrifices) I have now paid all the arrears - in fact I am roughly a quarter of a monthly payment ahead and have been so for more than a month now. But my Experian file still shows the account as "D" (in default). How long would you suggest I wait before I start to shout, scream and stamp my feet?
lefthanded
I was in a default situation on a secured loan which reached three payments in arrears a few years ago. With hard work (and some sacrifices) I have now paid all the arrears - in fact I am roughly a quarter of a monthly payment ahead and have been so for more than a month now. But my Experian file still shows the account as "D" (in default). How long would you suggest I wait before I start to shout, scream and stamp my feet?
lefthanded