Default on credit history due student account

[ttboy1988]

Hi

 

my student account which had an interest free overdraft facility, i didnt make any payments into the account for a about 6 - 8 months, now it has gone into debt collectors.

 

Will the account going to debt collectors cause a default on my credit history ?

 

my question is if paying off the amount with a final settlement amount show up on my credit history as an issue?

(The lady on the phone to debt collectors said if i pay off an early settlement with a reduced amount will show up on my credit history

 

Will a default give me any problems when i buy a house in the future? how long does it stay on the credit history.

 

any advice will be much appreciated

[cerberusalert]

Have you checked your credit file to see exactly what's been recorded?

 

Technically a default cannot be recorded unless they first send you a default notice which gives you a specific time to remedy. If the a/c is not remedied then the default can then be entered & that will remain for six years although if it's settled before then it will be recorded as such.

 

A word of warning, do not believe a word a DCA tells you, particularly on the telephone... they are full of bovine excrement and are only concerned in extracting money from you.

[dx100uk]

oh dear

 

stay OFF THE PHONE

 

never ever phone aDCA

 

they LIE !!

 

they are NOT BAILIFFS!!

 

and have NO LEGAL POWERS!!

 

now who is/was this OD with?

 

and as they are offering a discount

 

there is something WRONG

 

prob you dont owe the money at all

if its all charges and you NEVER used it.

 

get that cra file please

 

dx