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how much a default affects your credit score


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Thank you Lee - one of them is actually. She's dealing with it herself, but I will certainly pass on the information.

"Then they came for me--and there was no one left to speak for me". Martin Niemöller

 

"A vital ingredient of success is not knowing that what you're attempting can't be done. A person ignorant of the possibility of failure can be a half-brick in the path of the bicycle of history". - Terry Pratchett

 

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  • 4 years later...

In case anybody want to find out how much it affects your score...

 

I had one on my credit file - It was classed as 5 missed payments (Default/Delinquent) It was from a mobile phone company on a bill I did not receive and as it was on a dongle a phone that I did use , First I knew about it was a few months after it appeard and I went to apply for a car and got refused.

 

That default was put on my credit file in Mar 2011, and it has affect every (EVERY) credit decision I made. I have been refused for store cards, car loans, personal loans for the last 6 years. Its really is as bad as a CCJ. I paid it off as soon as I knew about it.

 

Yesterday my credit rating was classed as VERY POOR . Today it is classed as GOOD - only a few points away from Excellent.

 

This is with Experian.

 

Even 6 years on it was affecting by over 300 points. all for a £35 bill !!!!

 

Today it came off and I am back in the early 900's (on experian)

 

Its been a vary bad experience the last 6 years. No matter how clean i kept my record it didnt effect it

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Hello and Welcome Domestos,

 

As you have learned even one default can completely destroy your credit file, you say you never received a bill for your defaulted account, how were you paying it at the time.

Any advice I give is honest and in good faith.:)

If in doubt, you should seek the opinion of a Qualified Professional.

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Help keep it up and active, helping people like you.

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It was set up as a Pay as you GoMobile internet dongle in 2011.

 

I do not ever recall setting up a credit agreement for it.

 

I think I may have breached the data usage limit. After a month I no longer needed it and cancelled.

 

When I cancelled the device over the phone I did not have anything to pay.

 

But somehow this appeared on my credit file.

 

When I tried to chase the mobile company in question they could never find my file.

 

When it got to got 5 months it was a debt recovery agency that contacted me - which I paid promptly but this was already on my credit file as five missed payments

 

I could never get it removed no matter who i spoke too.

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