Lloyds default

[Simply1]

Re: Lloyds default

Hi Elsa, yeah there is a comms log and there is several mentions of default notice on it but they all have question marks after it so I don't know if it was sent or not. Not sure what status was before just know it now says defaulted nov 2010

[Undercover Elsa]

Re: Lloyds default

OK... I've flagged it up for Niddy to look in when he comes online (he's never far away).

[Simply1]

Re: Lloyds default

Much appreciated hopefully Niddy can point me in the right direction if he feels there is any action I can take.

[Never-In-Doubt]

Re: Lloyds default

Hi guys new on this a friend recommended this site for advice. Will try and cut a long story short. I tried to get a loan last year (new car) and was refused from Tesco the operator basically said I had a default which I knew nothing about always had a good credit rating anyway checked this out and found Lloyds had defaulted me in nov 2010. After some fishing I found a previous account I had with them before I married and changed banks still had around £80 left from an overdraft that I completely forgot about. Last time any activity on this account was May 2005 before I moved house, after this Lloyds just keep adding interest until Nov 2010. I didn't recieve any default notice as I had moved. I did an SAR on Lloyds and got all statements etc and have been contacted with several debt collectors who I refuse to speak to. Now anybody have any idea where I go next and if I can challenge this default? Any help or advice much appreciated. So just to sum up I had nothing to do with this account for nearly six years then I get this default surely that isn't right.

Hi & Welcome

Sadly, the default is likely to remain however any balance generated would not be owed as it's clearly Statute Barred in line with Limitation Act. So if you're getting shit then it's easy to get rid of the DCA by sending a SB template from here.

The default, well that's weird - the fact is (regardless of the reasons) that you DID leave a trailing balance of £80 meaning the bank were well entitled to default you, however to be fair this should have been added within 6 months according to the ICO Guidelines on default issuance (see here)

Sadly, that is only guidelines and not statute so the bank will simply say we left the account live instead of defaulting because it was helping the customer out - bollocks, granted, but still - that's what they tend to do.

It's a bummer, but if you can confirm the following we can try and sort you a letter to send back:

1. What is the actual default date on your credit file?
2. When did you last pay anything (credit) into the bank account?
3. On your credit file, what entries are showing in the account history fields (i.e. does it show loads of 6's then D's or what)? Ideally a screen print would be good

Cheers

[Never-In-Doubt]

Re: Lloyds default

Hi Elsa, yeah there is a comms log and there is several mentions of default notice on it but they all have question marks after it so I don't know if it was sent or not. Not sure what status was before just know it now says defaulted nov 2010

Can you screen print that part of your credit record and email it me? webmaster@all-about-debt.co.uk

Thanks

[Simply1]

Re: Lloyds default

Hi Niddy thanks for reply. The default date is 26/11/10 the last time any credit was paid into account was 17/05/05. On my credit report it just shows loads of 8's do you want me to shoe you this on my credit report?

[Never-In-Doubt]

Re: Lloyds default

Hi Niddy thanks for reply. The default date is 26/11/10 the last time any credit was paid into account was 17/05/05. On my credit report it just shows loads of 8's do you want me to shoe you this on my credit report?

Ok so they have added lots of delinquent markers for years by the sounds of it....

Can you screen print that whole entry and let me see it please as from that I can tell you the correct dates...

Thanks

[Simply1]

Re: Lloyds default

Ok iv mailed credit report to you Niddy. Thanks for you time

[Never-In-Doubt]

Re: Lloyds default

Ok iv mailed credit report to you Niddy. Thanks for you time

Nothing as yet, will check again in ten mins....

[Simply1]

Re: Lloyds default

Oops just emailed it to your forum email address that ok? I just hit the email Niddy button

[Never-In-Doubt]

Re: Lloyds default

Oops just emailed it to your forum email address that ok? I just hit the email Niddy button

Thanks, ok so this is Experian meaning a status 8 is a default so as I can only see the last 2 years history and as these all show status 8's I can only agree that the default is correct.

Ideally I wanted to see the status symbols between the first missed payment and the first 8 being registered back in November 2010.

[Simply1]

Re: Lloyds default

Ok no longer a member of experian but will try and get that for you. So what my next course of action or am I basically screwed here? Five years to default my account seems wrong to me but obviously I'm desperate not to have this on my credit report for another four years.

[Never-In-Doubt]

Re: Lloyds default

Ok no longer a member of experian but will try and get that for you. So what my next course of action or am I basically screwed here? Five years to default my account seems wrong to me but obviously I'm desperate not to have this on my credit report for another four years.

That report you sent was an experian report...... I don't need another, don't worry.

5yrs to default is bad, I think you could complain - bear with me, I'll sort something for you.

[Simply1]

Re: Lloyds default

Thanks Niddy would be so grateful, I have no other problems with debt but this has screwed me and the mrs as she is being refused any credit now as she is financially linked to me. I know these credit report scores mean nothing now as I thought its fine I have a score of 997 ha wot a lot of crap as obv I can't get any credit.

[Never-In-Doubt]

Re: Lloyds default

Hi guys new on this a friend recommended this site for advice. Will try and cut a long story short. I tried to get a loan last year (new car) and was refused from Tesco the operator basically said I had a default which I knew nothing about always had a good credit rating anyway checked this out and found Lloyds had defaulted me in nov 2010. After some fishing I found a previous account I had with them before I married and changed banks still had around £80 left from an overdraft that I completely forgot about. Last time any activity on this account was May 2005 before I moved house, after this Lloyds just keep adding interest until Nov 2010. I didn't recieve any default notice as I had moved. I did an SAR on Lloyds and got all statements etc and have been contacted with several debt collectors who I refuse to speak to. Now anybody have any idea where I go next and if I can challenge this default? Any help or advice much appreciated. So just to sum up I had nothing to do with this account for nearly six years then I get this default surely that isn't right.

Send the below to Lloyds - using the following online form: Lloyds Online Complaint Form

(you'll need the old current account details such as account and sort code)

Dear Sirs,

Ref: xxxxxxxx

I write with reference to the above numbered account.

I notice that there is a default registered with the credit agencies dated November 2010, however there was no activity on this account since the summer of 2005. Obviously, taking into account the ICO Guidelines of 2007 I wish to complain that you have unduly delayed adding the necessary default entry with the credit agencies.

The guidelines I refer can be found here: w w w.ico.gov.uk/~/media/documents/library/data_protection/detailed_specialist_guides/default_tgn_version_v3%20%20doc.ashx

*REMOVE THE SPACES FROM THE WWW ABOVE AND DELETE THIS TEXT*

There was no need for the 5 year delay, likewise I was unaware of this account even being open as last I knew it was closed back in May 2005; surely you'll have system notes to this effect? Therefore I am formally complaining about this unnecessary delay and formally request that you remove the default as entered on my credit report with a date of November 2010 as I categorically never had any accounts with you nor did I default especially not in 2010.

I have also raised a dispute with the credit agencies to the same effect and unless you act in accordance with current guidelines then I'll have no alternative but to formally complain to the ICO and OFT regards your behaviour.

Please send any proof that I have a live account with you, especially one that shows usage from 2005 to 2010 as failure to be able to prove any activity will leave you wide open for any court action I may take as a result of this behaviour and clear breach of rules and legislation.

I have since moved addresses. The address on account, from 2005 should be: ENTER YOUR ADDRESS AS AT 2005 and my current address is: ENTER CURRENT ADDRESS

I look forward to your reply within the next 14 days.

Yours faithfully,


Sign Didigitally

Give them 14 days then report back, at this stage don't contact the CRA's - no need as they can only do what they are told byu the OC who at this stage, before seeing the complaint, will refuse removal anyway so it's a waste of time.

That said, spend £6 (3 x £2) and get a copy of each of your credit reports (online versions) as per this post here --> CRA's - Get your £2 Statutory Report

That way you'll be able to complain online which is a lot easier, in the weeks to follow.