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  • #1

    PayDay Loan AR marker but says up to date.

    Hello , I could do with a bit of advice.
    I have an old payday loan that I haven't paid for nearly 2 years now but on my credit file (Noddle) it is marked as up to date and with an UC and underneath it says AR under each month. There is no default. Will this stay on there even when the debt becomes statute barred and will it ruin my credit score.
    I have read that they should default you when the relationship has broken down, I would have thought that this is pretty broken as I haven't heard from them in almost all that time apart from constant emails offering me a loan

    Some advice on what to do next would be helpful.
    Thank you
    L
    Tags: act, advice, arrangement, broke, chasing, con, cons, cra, credit, data, date, debt, default, defaults, finance, guidelines, ico, loan, misleading, money, oft, paid, payday, payday loan, payday uk, pdl, statute barred, stay
  • #2
    Re: PayDay Loan AR marker but says up to date.

    Seems its on an Arrangement - or that's the PDL's way of keeping harmful data longer than necessary. It should be a D within 6 months of non payment. I'd complain to the CRA and tell then you're in no arrangement, you're not paying and havent in over 2 years and then accuse the data controller (PDL) of fiddling the entry to cause harm and demand the data processor (the CRA) sorts the error.

    I'm the forum administrator and I look after the theme & features, our volunteers & users and also look after any complaints or Data Protection queries that pass through the forum or main website. I am extremely busy so if you do contact me or need a reply to a forum post then use the email or PM features offered because I do miss things and get tied up for days at a time!

    If you spot any spammers, AE's, abusive or libellous posts or anything else that just doesn't feel right then please report them to me as soon as you spot them at: webmaster@all-about-debt.co.uk

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    • #3
      Re: PayDay Loan AR marker but says up to date.

      Originally posted by Never-In-Doubt View Post
      Seems its on an Arrangement - or that's the PDL's way of keeping harmful data longer than necessary. It should be a D within 6 months of non payment. I'd complain to the CRA and tell then you're in no arrangement, you're not paying and havent in over 2 years and then accuse the data controller (PDL) of fiddling the entry to cause harm and demand the data processor (the CRA) sorts the error.

      Not Payday UK by (MEM Finance) by any chance?
      "I fear all we have done is to awaken a sleeping giant and fill him with a terrible resolve."

      The consumer is that sleeping giant.!!


      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.

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      • #4
        Re: PayDay Loan AR marker but says up to date.

        Sounds like their MO doesn't it mate?!
        I'm the forum administrator and I look after the theme & features, our volunteers & users and also look after any complaints or Data Protection queries that pass through the forum or main website. I am extremely busy so if you do contact me or need a reply to a forum post then use the email or PM features offered because I do miss things and get tied up for days at a time!

        If you spot any spammers, AE's, abusive or libellous posts or anything else that just doesn't feel right then please report them to me as soon as you spot them at: webmaster@all-about-debt.co.uk

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        • #5
          Re: PayDay Loan AR marker but says up to date.

          Originally posted by Never-In-Doubt View Post
          Sounds like their MO doesn't it mate?!
          Oh yes definately sounds like one of theirs
          "I fear all we have done is to awaken a sleeping giant and fill him with a terrible resolve."

          The consumer is that sleeping giant.!!


          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: PayDay Loan AR marker but says up to date.

            No it's not MEM. It is active securities. So I query it with the CRA (Noddle in this case) and also write to the data controller of active securities and accuse him of deliberatly misleading to cause harm?
            Will this remind them to start chasing me for money ?

            Thank you for the help
            L

            Comment

            • #7
              Re: PayDay Loan AR marker but says up to date.

              No you only contact the CRA and you tell THEM to tell the Data Controller (PDL) to remedy the entry as per OFT & ICO Guidelines regards defaults & their issuance.

              Yes it may prompt them to chase you. If you're not seeking credit don't bother updating anything
              I'm the forum administrator and I look after the theme & features, our volunteers & users and also look after any complaints or Data Protection queries that pass through the forum or main website. I am extremely busy so if you do contact me or need a reply to a forum post then use the email or PM features offered because I do miss things and get tied up for days at a time!

              If you spot any spammers, AE's, abusive or libellous posts or anything else that just doesn't feel right then please report them to me as soon as you spot them at: webmaster@all-about-debt.co.uk

              Comment

              • #8
                Re: PayDay Loan AR marker but says up to date.

                Thanks
                I am not seeking credit at the moment but I think that under normal circumstances the default would go after 6 years whereas this marker could stay forever which would make credit then difficult

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