what to do after default comes off

[surycts7]

I currently have had a default on my credit file for three years and have three more years to go .My currently monthly payment plan will not have paid the outstanding balance off by the time the next 3 years will have elapsed.
My question is what do i do when such a stage is reached .Do i have to keep paying .Is the outstanding balance written off??
any info gratfully recieved

[Never-In-Doubt]

Re: what to do after default comes off

The debt remains till paid off but the entry goes.

Ermmm why r u paying it?

[surycts7]

Re: what to do after default comes off

thanks for that .
It will be towards the end of the week as i work away from home at the present but i will submit all the asked for questions .
regards

[surycts7]

Re: what to do after default comes off

The debt remains till paid off but the entry goes.

Ermmm why r u paying it?

to be perfectly honest it never occured to me not to pay.
i had a loan with egg and contascted them before i ran into trouble with the repayments .Its a longh story but will post it later on .
they inisited that i would need to default before being able to go on a reduced payment plan and ultimately the debt got sold to a company caled RMA /global arrow .they amount i am paying has stayed the same since .

[surycts7]

Re: what to do after default comes off

Defaults and outstanding balance are totally separate things. Defaults ALWAYS drop off 6 years after being recorded, regardless of whether the debt was repaid or not.

What sort of debt is it? could you give us more details? Depending on the debt, if you already have a default on file and the debt won't be repaid in 3 years, you could consider unenforceability. Take a look here ---> UPDATED - A Full Guide to Unenforceability - allaboutFORUMS

Basically you start by sending out a CCA request and see whether it's enforceable or not.

Would be useful if you could tell us:

• Type of account (credit card/loan)
  
  
• Date commenced (ideally before Apr 2007)
  
  
• Approx balance
  
  
• Date last paid (approximate date you last made a FULL payment)
  
  
• Are you on arrangement or not paying
  
  
• Status (default/in arrears/up-to-date)
  
  
• Account owner (who is writing to you, a DCA or the lender)

You've got nothing to lose, it's worth a try!

personal Loan throught egg
commencement it is dated 19/01/2006
balance as of last set of arrears notices £13000
20th july 2009
paying £85.01 a month
showing as default
with arrow globaL but they say they bare acting on behalf of egg while another letter states it has being assigned to Arrow Global and they are now responible for Data protection etc

have a sar and CCA so will post copies to see what people think as well as a default notice .
chow for now
regards