Default Removal

[wizzywig27]

Hi all

I am getting mixed messages in regards to default removal, I think the general rule is DCA's will not remove defaults, however I can see a letter in regards to a F&F settlement?

Anyway, here is my situation:

I am hoping to pay off some defaults on credit file, here is the information:

Default Date: 23/03/07
Current Balance: £805
Default Balance: £147
Account Updated to 28/03/10

so am I right in saying that I have £658 of interest and charges (if so can these be removed?)

will the default be removed in 2013 (default date) or 2016 (updated to)?

Funny thing is, there are two additional defaults to same company at around same time and on both of them, the default balance and current balance are the same?!

funny thing is, if I appraoch them, they say no, then its six more years, but if they are due to fall off in one year anyway, should I just leave them? Obviously dont want to risk them being on there for 6 more years.

[Never-In-Doubt]

Re: Default Removal

Default will drop off 24/03/13 - ie next year. Pointless paying it off mate.

Conflicting info cos you went to the forum where people judge!

Ermm if you approach them nothing will happen. 6 more years of what exactly? If you refer to SB then as I say forget these as they'll be gone next year. Daftie....

[Never-In-Doubt]

Re: Default Removal

ps the balance is the amount owed plus any charges etc as at the update date. This changes regularly. the default balance is the arrears you were in at the date they issued the DN. ie if you paid that amount within the remedy period of 14 days they couldn't default you.

[wizzywig27]

Re: Default Removal

so I would run the risk, that if I contact them, I will be then owning up to the debt, so in theory it will be my credit file for another six years, or I can let it fall off in a year?

As things stand, one falls off in Jan 2013, one in Mar 2013 and one in August 2013 - although I stopped paying all of them at the same time.

So as I said, if I offered to pay it all off now, they will remain for 6 years from now (or date I pay it all off) - yet if I leave them, they will drop off on the dates above?

am I right in saying that even though it was updated in 2010, they will drop off on the default date NOT the date fil updated?

[Never-In-Doubt]

Re: Default Removal

Mate listen to me slowly - forget them!! Ignore them. Nobody is even seeing them as most lenders search 3yrs only.

Why are you even deliberating this nonsense? Just forget em mate. A year and a month - that's nothing when you consider you're 5yrs in already.

Chill

[Never-In-Doubt]

Re: Default Removal

One default per account. The default entry in totality vanishes after 6yrs. Ignore the update date. That's where they updated the record (balance and "D" status) as part of monthly share feed.

[wizzywig27]

Re: Default Removal

cheers mate

My concern is something is effecting my ability to gain credit. I know this could be a number of things, but I apart from these three defaults, and one settled default, and two late payments in 6 years, there is nothing 'bad' that I can see.

Got declined for a HSBC account yesterday, so applied for Santander 123 account and got it, Barclaycard recently rejected me but mentioned that I should re-apply in future as it was down to credit scoring, whereas Nationwide referred to adverse data when I applied with them (after soft search said yes)

[Never-In-Doubt]

Re: Default Removal

Too many searches mate. Trust the fact you're too young with not enough history for these big banks to take the risk.

It's not always how you perceive it to be. Listen, with all due respect from what I know of you on MSE and here you do seem desperate to prove something. Whether that be to yourself, your conscience or some other reason I really don't know. What I'm trying to say us why do you need to apply so much? I've known you what, 2-3 years lol.

I'm just trying to say don't apply for anything. Wait till next August then go into HSBC and I promise you they will not decline you. You'll be older, your good accounts will have 12+ months history and you'll have 0 searches. That is what gets you into HSBC and 1st direct mate. HSBC needs 45+ score for an account. You'll ve pushing 30-38 which isn't enough for a basic account. That score means limited history and limited financial stability so your score will be low.

Trust me. Relax for a year and watch the difference.... See bosie, she got what she wanted from HSBC to Lloyds to HBOS and some good cards. Bosie is here and MSE. You'll remember her from the old sub prime days mate

[Never-In-Doubt]

Re: Default Removal

ps Santander 123 is not a full account per se. They may offer you a lower account with electron type visa debit.

Seen this a lot. Search MSE. One there lately if I recall. He got a printed card not embossed ie electron style debit card.

[wizzywig27]

Re: Default Removal

ps Santander 123 is not a full account per se. They may offer you a lower account with electron type visa debit.

Seen this a lot. Search MSE. One there lately if I recall. He got a printed card not embossed ie electron style debit card.

Yeah I read about that, I will see what they offer me. If they offer me a full card I'll use it as my main account, otherwise I'll use it as my bills account.

And for the record niddy I'm not trying to prove anything, I simply want to improve on what I have, evolve if you will lol. I have four searches in 6 months ish! And I only persued the nationwide one as they said I would get it :-)

[Never-In-Doubt]

Re: Default Removal

Yeah I read about that, I will see what they offer me. If they offer me a full card I'll use it as my main account, otherwise I'll use it as my bills account.

And for the record niddy I'm not trying to prove anything, I simply want to improve on what I have, evolve if you will lol. I have four searches in 6 months ish! And I only persued the nationwide one as they said I would get it :-)

Good luck with the satan bank, you won't want to use it as your main one for long - they truly are awful

But mate, your age, your history etc - there is nothing to improve right now - I did tell you this in 2009 on MSE and that was when your defaults were newish. Point is, since then you've applied for over 20 accounts.

I have a CCJ, a CO and around 11 defaults on my CRA yet I opened 3 HBOS accounts and have over £4k of overdrafts available. You seen me, on MSE, with 30+ defaults and CIFAS get accepted for HSBC.

Can you see the difference..... I only apply for one account a year and I always get it.

[wizzywig27]

Re: Default Removal

one last thing, I got a message from avantis or some other company in regards to a 'debt' held with them for Littlewoods. I questioned this and she mentioned an address I was at 7-8 years ago, if not more. I stated it was statute barred, she said I offered a repayment plan in 2008, I do not recall this, where do I stand and what should I do? it does not appear on my credit file.

I am tempted just to send the standard statute barred letter?

[Pixie]

Re: Default Removal

I think I'd be tempted to send that too.

[wizzywig27]

Re: Default Removal

they are just chancers, when I spoke to them they had the cheek to send me a follow up letter saying as we have not heard from you make sure you pay it immediately (or something to that effect)

[wizzywig27]

Re: Default Removal

ps Santander 123 is not a full account per se. They may offer you a lower account with electron type visa debit.

Seen this a lot. Search MSE. One there lately if I recall. He got a printed card not embossed ie electron style debit card.

funny you should say that mate, got my letter yesterday and it confirmed it was an 'online card' so I popped into branch yesterday and as they are doing the switching account they are going to match my full barclays debit card.