For further information please see below on
- Bankruptcy status updated - This could be because your bankruptcy has been discharged or annulled.
- Court judgment updated - This could mean your Court Judgment was marked as ‘satisfied’ if you’ve paid off what you owed.
- New credit enquiry - A credit application enquiry was run against your credit report and recorded on your report, likely because you recently applied for credit.
- New account opened - You have recently taken out a new credit account and this has been added to your credit report.
- Account closed - A lender has closed your account and it can no longer be used for transactions. Closed accounts can stay on your credit report for up to 2 years after they’re closed.
- Repayment history improved -The payment status on one of your accounts has been updated. This could happen if you had a payment in arrears last month but you're up to date this month. Or it could be that you’ve made repayments where there were several missed payments the previous month.
- Repayment history worsened - This means that the payment status on one of your accounts has been updated and is worse than it was last month. This could happen if you didn’t make your last payment on time.
- Account added - This could be because a lender has just shared some information with Experian relating to an existing account.
- Credit limit increased - The amount of credit on one of your accounts has increased since your last report. Maybe you’ve requested a higher credit limit on one of your credit cards or perhaps you’ve topped up your loan.
- Credit limit decreased - The amount of credit on one of your accounts has decreased since your last report. Maybe you’ve been given a lower credit limit on one of your credit cards or reduce your overdraft.
- Bankruptcy added - This may be because you’ve recently been made bankrupt and this has been recorded on your credit report. Bankruptcies can stay on your report for up to 5 years.
- Court judgment added - This is because a court has made a judgment against you for an unpaid debt (a lender can take legal action to recover any money you owe them). A record of this has been added to your credit report and can remain there for up to 5 years.
- Default amount increased - This could be because you have not met your repayments for some time and the amount owed has increased. The lender may have been trying to get you to repay your debt.
- New default added/Account marked as 'in default’ - One of your accounts has been reported as ‘in default’. This could have happened because you’ve missed several payments and your lender wants the debt to be paid back.
- Debt collection record added - This might mean that you’ve fallen behind on repayments and a debt collection agency is seeking to collect the amount you owe.