Regular payments
This tab provides an overview of the data that is held on the Share database at TransUnion.
The first part of the tab shows:
Worst pay status (36 months). This is the most negative status an account has been in over the last three years. A numerical digit indicates the number of consecutive payments the applicant has missed. These are always converted to monthly, so a weekly loan with 10 weeks missed payments will be shown as status ‘2’. Status 3 indicates three consecutive missed payments etc. These run to a maximum of six and then the account will typically trigger a default (‘D’). You may also see ‘U’ for undefined, which means that the account is probably too new to have required a payment to be made to date. This can also include ‘buy now, pay later’ deals.
Worst pay status (12 months). This is the worse status an account has had over the last year.
Total defaults (36 months). This displays the number of defaulted accounts in the last three years. A default indicates that the relationship between the creditor and debtor has broken down. It is very unlikely to occur before payment status 3 and more often at status 6. A default may mean that the account has been passed to a collection agency.
Total defaults (12 months). This displays the number of defaulted accounts in the last year. Very recent defaults indicate potential repayment problems at the point of application.
This is then followed by three tables.
Default table
The first table shows the defaults. These are loans that have, in effect, been written off by the lender. They may have been passed for collection.
The date the account went into default is displayed, together with the balance at the point of default and the current balance. If the default was later repaid (either in full or by partial payment) there will be an orange coloured satisfied date. Because the debt has defaulted there is no regular payment.
The total balance of defaults is provided at the bottom of the table.
Satisfied means that the account has been repaid in. However, at some point the account was in default. This can be positive and negative. Negative because the account was in serious arrears. Positive because the debtor made a successful attempt to repay the debt. It is important to note that a satisfied debt may have been partially satisfied by way of a ‘full and final settlement’. These clear part of the outstanding balance on the basis that the remainder will be written off.
Please refer to the account types article for more information about the two digit account type referred to in the second column.
The balance in the default table is the current defaulted balance.
Default rules are triggered by the balance at the point of default. This might be different (higher or lower) to the current balance.
For example someone defaults on an agreement with a value of £1,000 and pays back £800. The current balance will be £200. However if a default rule is set to decline when a default is over £500, it would be triggered in this case because the original default balance was £1,000 and over the trigger threshold.
Read more about the defaults table.
Missed payment table
The next table displayed is missed payments (also known as delinquencies). A delinquency occurs when a payment has been missed. This is the first step towards a default.
There is a separate article to read with details of the missed payments table.
The NOC refs refer to notices of correction.
Active and paid accounts
The final table is the active and paid accounts overview. Active accounts are shown in amber as they have not yet been repaid. Paid accounts are shown in green.
This table also provides the current balance and the regular payment required. Active means a balance is still present or the account remains open (e.g. a credit card can be active with a nil balance). Paid means that the account was cleared without any missed payments.
At the bottom of the table the total balance of active accounts is presented together with the total of regular monthly payments. Only active totals are shown. In the example above a regular payment appears next to paid accounts, but is excluded from the total at the bottom of the table.
It should be noted that there is no figure for credit card regular payments. This is because the payment will be based on the previous month's balance and will change according to whether the borrower repays the entire, part or minimum balance.
Finally a total balance for active accounts is provided. This is the sum of all the balances in each of the tables.
Payment statuses
Previous: The indebtedness tab
Next: The defaults table
Coming up: The missed payments table & Account types
Skip ahead: The legal tab
Suggested reading: Understanding risk