Defaults

[NotPPIsavy]

Can some one please explain this?

 

As I understand – in 2011 Jan-March has late payments between 3-4 and April put on a Default. Is this normal?

Thought you need to have 8 late payments.

 

2010 has late payments as being in April, July, Aug, Oct, Nov and December.

 

2011 – Jan (4), Feb (3), March (4) April (D)

 

2010 – Jan-March (Green), April (1) May-June Green, July (1) Aug (2) Sep (Green) Oct (1) Nov (2) Dec (3)

 

However, according to my records, this is not the case.

 

In 2010 missed in April, July, Oct and Nov. Paid in Dec.

I have paid twice in May to catch up the missing one on April.

 

2011 – missed – Jan, March, and although paid in April it went to May.

 

Had a ‘D’ in April.

 

I don’t understand this?

[dx100uk]

its 6 not 8 late payment markers before it auto goes D default.

 

dx

[NotPPIsavy]

Thanks Dx. But I don't understand this - How can I have 4 late payments in January? - if that's what (4) means against January, and (3) against February and again (4) in March 2011. They put a Default in April 2011. You only get 1 Statement per month.

 

2011 – Jan (4), Feb (3), March (4) April (D)

[dx100uk]

each time you are late it is counted

 

ok they cant count

but after 6 late payments [in total]

the cra system auto marks it D.

 

dx

[NotPPIsavy]

oh Ok. thanks DX. So the numbers against each months does not relate to anything? Yes, when its all counted it comes to 6.

 

But how can they put a D mark when I actually paid in February for Jan and Feb and in April for March and April. although it went to May statement. - I am still confused....

[dx100uk]

you are still late twice there.

 

and in jan it was already at 4

[fkofilee]

Well an account is defaulted normally when the company believes there has been a breakdown in the agreement and comms right?

So in theory 4 late payments could be considered a breakdown right?

[fondaroc3]

Thanks Dx. But I don't understand this - How can I have 4 late payments in January? - if that's what (4) means against January, and (3) against February and again (4) in March 2011. They put a Default in April 2011. You only get 1 Statement per month.

 

2011 – Jan (4), Feb (3), March (4) April (D)

I thin k you will find that the 3 and four refer to your credit rating which goes 1 to 5. the more you miss the greater your score.

[dx100uk]

nothing to do with the score as such

if you READ the notes on the site or the report

the circled numbers relate to the running total of missed/late payment markers recorded on the account.

 

ie HOW you operated the account.

 

dx