Updated Information On Default

[MrsBounty]

Good afternoon,

Back in September 2010 I received 2 default notices from my mortgage lender. One was for the mortgage and the other was for the unsecured loan that was taken at the same time in order to cover the 10% deposit.

Terrible times - made redundant in 2009 and eventually ran out of savings while looking for employment, which lead to the defaults.

I eventually found employment again, made an arrangement with the mortgage company to bring my payments back to what they were with an additional £200 over payment on top of that in order to clear the backlog.

The last of the debt was paid in December 2012 and my mortgage payments reverted back to their normal payment and there hasn't been any problems since.

This week, I've been going through my old paperwork and clearing out what's not relevant anymore. I came across a letter from the mortgage company dated November 2014 (23 months after the debt was settled) advising me they are "re-issuing one or more Default Notices (with updated information) in relation to your account".

I'm baffled as to what this could mean (or how I missed this when it landed on my doorstep). I've just checked my experian and equifax and all the information is as it has been for the last 5 years and googling the answer is just taking me around in circles. I am aware that the default will not be removed from my credit file for 6 years after it was registered.

Can anyone shed any light as to what this means, please?

Many thanks

MrsB

[Ellipsis]

> re-issuing one or more Default Notices (with updated information) in relation to your account

Not an expert but from what you have written I would guess that, after you showing two years of good repayments following a bad patch, they wiped/improved your history by "re-issuing one or more Default Notices (with updated information) in relation to your account."

[MrsBounty]

That was my hope too, but popping across to both credit agencies, all the information is still there.

You could be on to something though, just because the information is there, my actual credit score is hovering in the good/excellent part of the meter, so perhaps it was a digital pat on the head :o)

[ubasses]

When you have settled the debt your credit file should be updated to show the current position. Always used to be by placing the word 'satisfied' next to the entry on file.
A while since I retired so things may have changed.

[bednobs]

"I am aware that the default will not be removed from my credit file for 6 years after it was registered"
isn't it 12 years for mortgage debts? Or am i thinking of statute barred?

[MrsBounty]

Thank you, Ubasses. I can only presume that it was just my credit file being updated to reflect that I had caught up with the debt.

Bednobs - I've just double checked, it's definitely 6 years for default.

I'm going to write to Experian because there is 4 entries on my report for the mortgage company. The 1st two are the default accounts and last updated "September 2010" but not marked as settled and then the following two are the same accounts, but showing that I made regular payments. I'm thinking those 1st two should show as satisfied with zero balance.