I was wondering if anyone could help me with a situation that is giving me a lot of trouble at the minute?
Back in 2011, I took a credit card with Vanquis Bank. Being young and silly, I didn't really care much and ended up getting a default.
After this default was applied, I then spoke to Vanquis and agreed a settlment for 85% of the outstanding balance and the result was that they would close the account and that was the last I would hear of it. (I am now fully aware that it stays on my report for 6 years)
I have been to the Ombudsman to try and get the default off my report but as the bank sent all the paperwork etc and have copies, it cannot be removed.
I have now come to accept that this is on my report for another couple of years. However, when I look at my report through Noddle. The account is under the 'open' accounts and each month that my report is updated, it is showing as defaulted, it has been doing this, since the date that I settled the account in 2011.
This, (I believe it is this as there is nothing else I have on there that I believe would be causing problems, more defaults etc..) is playing havoc with my credit rating, and I cannot get credit for anything (I would like to try and get a mortgage)
My real question is, should this be showing as an open account that is defaulting each month. Or should it be closed and showing as settled?
I would really appreciate some help on this.