GDPR Cookie Consent by SimpleServe Privacy Script Default Help - AAD Consumer Forum

Announcement

Collapse
No announcement yet.

Default Help

Collapse
X
Collapse
 
  • Page of 1
  • Filter
  • Time
  • Show
Clear All
new posts
Previous template Next
  • #1

    Default Help

    Hi I took out some credit cards when I was younger and struggled to pay them back. Just checked my credit report and it has

    My barclaycard as default on 24/07/2008
    and my M&S card as default on the 04/12/2007

    they have both been updated to defaulted as of last month, but I do not remember having any default letters etc to tell me this, I read somewhere that after 6 years defaults drop off your account would this mean that in 2014 and 2013 respeticvely the debt and default would drop off my account?

    Any help would be greatful as I have literally no clue when it comes to debt
    Tags: account, barclaycard, cards, cca, credit, credit agreement, credit cards, credit rating, date, debt, debts, default, default notice, defaulted, defaults, details, doorstep, england, help, job, letters, pay, rating, rules, statute, statute barred, threats, unenforceable, update, wales
  • #2
    Re: Default Help

    A default should drop off your account after six years, yes.

    The debt itself doesn't actually drop off but after six years of non-payment (England) will become statute barred.

    Do you know when you last made a payment?
    If happy little bluebirds fly, beyond the rainbow, why, oh why can't I?

    sigpic

    Comment

    • #3
      Re: Default Help

      after the 6 years will my credit rating then improve?
      Id say it was around the same time as the default to be honest,
      are the statute barred rules the same in Wales as in England?

      Is there anyway I can try and fight it in terms of they may not have the credit agreement etc, because it cant make things worse can it by trying to see what info they really have?

      Comment

      • #4
        Re: Default Help

        The default and ALL details of the account will be removed from your credit reports 6 years from the recorded default date.

        Statute barred rules are the same in Wales as those in England.
        I'm an official AAD Moderator and also a volunteer, here to help make the forum run smoothly. Any views or opinions are mine and not the official line of AAD. Similarly, any advice I have offered you is done so on an informal basis, without prejudice or liability. If in doubt seek advice from a qualified insured professional - Find a Solicitor or go to the National Probono Centre.

        If you spot an abusive or libellous post then please report it by Clicking Here. If you need to contact me, for instance if I've issued you a warning, moved, edited or deleted your post, please send me a message by clicking my username.

        Comment

        • #5
          Re: Default Help

          Originally posted by l8onjones View Post
          Is there anyway I can try and fight it in terms of they may not have the credit agreement etc, because it cant make things worse can it by trying to see what info they really have?
          Fight it in what way exactly?

          If you mean having the default removed, in most cases you will be on to a loser there.

          If you mean fight the enforceability of the debt, then yes. That is distinctly possible, but we need the info FP has requested.
          I'm an official AAD Moderator and also a volunteer, here to help make the forum run smoothly. Any views or opinions are mine and not the official line of AAD. Similarly, any advice I have offered you is done so on an informal basis, without prejudice or liability. If in doubt seek advice from a qualified insured professional - Find a Solicitor or go to the National Probono Centre.

          If you spot an abusive or libellous post then please report it by Clicking Here. If you need to contact me, for instance if I've issued you a warning, moved, edited or deleted your post, please send me a message by clicking my username.

          Comment

          • #6
            Re: Default Help

            So to clarify to I have to make a new topic and then make 2 different posts one for each account? then send the cca and wait?

            It cant make things any worse can it? because ive had the usual doorstep collection threats but buried my head in the sand and nothing has come of it, just thought if i fight it they may come on stronger?

            Comment

            • #7
              Re: Default Help

              If the debt does indeed become unenforceable how will that work in terms of credit rating etc?

              Comment

              • #8
                Re: Default Help

                So how would I go about improving my credit rating if they are indeed unenforceable? also once if they become statute barred will they get removed then?

                Comment

                • #9
                  Re: Default Help

                  would these letters count as written acknowledgement?
                  so with the debts being unenforceable it wont neccesarily make it easier for me to obtain credit? because now im older with a much wiser head and better job, but just not enough to pay the debt off

                  sorry about all the question just ive left it so long i have so much to ask haha

                  Comment

                  • #10
                    Re: Default Help

                    also with the defaults being put on my credit rating..will it take 6 years from now for that to be removed?

                    Comment

                    • #11
                      Re: Default Help

                      on my credit report it shows it was last updated 07/12 and i think this has confused me so it is 6 years for the default date which is 20/12/2007? regardless of any update?

                      Comment

                      • #12
                        Re: Default Help

                        You can only be defaulted once on the account, so any "update" is irrelevent to the expiry of the default. If you don't have a copy of any default notice, it might be a good idea to take a screen print for your records
                        If happy little bluebirds fly, beyond the rainbow, why, oh why can't I?

                        sigpic

                        Comment

                        Previous template Next
                        Working...
                        X