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  • #91
    Re: Very Vague letter from Debt Managers Ltd

    I can see that it may be right for these things to be visible for ever but that would in no way show how unhelpful lenders can be when your life falls apart and they will not cease the adding of interest on late payment charges etc which is what made me run away from these debts in the first place.

    It is this that has led me to wait this long before making mortgage enquiries. My bank account, credit card and all other accounts have been run scrupulously cleanly for 5 years now but I will not pay those who refused me any quarter in my time of need!

    Rant over! Thanks to all.

    Traintester.

    Comment

    • #92
      Re: Very Vague letter from Debt Managers Ltd

      Originally posted by Traintester View Post
      My bank account, credit card and all other accounts have been run scrupulously cleanly for 5 years now but I will not pay those who refused me any quarter in my time of need!
      Traintester.
      Good call Traintester!
      When Gold isn't enough, there is SA Gold! New to the forum and find the UE route a bit scary? Take a look at my diary here and judge for yourself. I am now saving the money each month that was making little difference to the balance and not a bit of difference to my credit file as a result of finding AAD.


      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

      • #93
        Re: Very Vague letter from Debt Managers Ltd

        No no it's only visible for 6 years. The adviser you spoke to is talking nonsense
        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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        • #94
          Re: Very Vague letter from Debt Managers Ltd

          Originally posted by Never-In-Doubt View Post
          No no it's only visible for 6 years. The adviser you spoke to is talking nonsense
          Thanks NID, I thought so but when you hear that kind of thing coming from someone who is an otherwise respectable and thoroughly efficient mortgage advisor it can make you doubt all the good stuff you've gleaned from this fantastic place that is AAD.

          Sadly I don't think I'll be able to use this advisor again as he'll have a coloured view of my finances and could bugger up my chances of getting good deals. Shame these people aren't thoroughly versed in the negative side of the credit/debt industry, they could probably make a few quid correctly advising people in my kind of situation to get the right sort of mortgage.

          Comment

          • #95
            Re: Very Vague letter from Debt Managers Ltd

            And not that I would suggest such a thing. But if you are desperate to obtain a mortgage and think you have limited options then you maybe open to suggestions which might suit you less than the advisor.

            Not that I said that of course.

            Comment

            • #96
              Re: Very Vague letter from Debt Managers Ltd

              Well some advisers are over cautious so as to stop multiple applications (and rejections) so he might have been being cautious or just plain incorrect.

              Thing is in theory if you know the dates of default at 6 years you can chase the CRA's for removal. What vanishes from your view means nobody can see it. There isn't a different version that lenders see - in fact lenders see much less than you see in their abbreviated version.

              I'd not worry but at 6yrs then look to chase it if they still show THEN apply for mortgage
              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

              • #97
                Re: Very Vague letter from Debt Managers Ltd

                Originally posted by Traintester View Post
                Sadly I don't think I'll be able to use this advisor again as he'll have a coloured view of my finances and could bugger up my chances of getting good deals. Shame these people aren't thoroughly versed in the negative side of the credit/debt industry, they could probably make a few quid correctly advising people in my kind of situation to get the right sort of mortgage.
                How have you survived for so long?

                The "right sort of mortgage" for any mortgage saleswallah "advisor" will be the one that pays him the most commission or the biggest bonus!

                Comment

                • #98
                  Re: Very Vague letter from Debt Managers Ltd

                  Fair enough.

                  Survival improved once I got here, onwards and upwards with your impartial advice CleverClogs!

                  Mortgage debt (keeping-up-to-date-style) here I come!

                  Comment

                  • #99
                    Re: Very Vague letter from Debt Managers Ltd

                    Hey hey hey!

                    Great news, this monument £4187 has gone today, yahay!

                    One down, 3 to go.

                    Comment

                    • #100
                      Re: Very Vague letter from Debt Managers Ltd

                      Originally posted by Traintester View Post
                      Hey hey hey!

                      Great news, this monument £4187 has gone today, yahay!

                      One down, 3 to go.
                      Nice one, result, result. Beer, Beer
                      When Gold isn't enough, there is SA Gold! New to the forum and find the UE route a bit scary? Take a look at my diary here and judge for yourself. I am now saving the money each month that was making little difference to the balance and not a bit of difference to my credit file as a result of finding AAD.


                      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

                      • #101
                        Re: Very Vague letter from Debt Managers Ltd

                        Great news
                        Let your smile change the world but don't let the world change your smile

                        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

                        • #102
                          Re: Very Vague letter from Debt Managers Ltd

                          Originally posted by Traintester View Post
                          I've just been speaking to a mortgage advisor and the guy on the phone reckons that even after 6 an unsatisfied debt will still be visible to potential lenders and will therefore continue to affect my ability to get a mortgage. Is this right?years

                          Totally wrong, the defaults are gone for good. Mine plus a CCJ were all gone in July last year. Applied for a Credit Card the next day to rebuild my credit history and now just been offered a Re Mortgage by a normal bank, at a very good rate.
                          In short as ASDAS say when they're gone they're gone.

                          Comment

                          • #103
                            Re: Very Vague letter from Debt Managers Ltd

                            Hi Guys,

                            I've received an almost identical letter from DM and I'm unsure of how to respond. The debt is referenced as Arrow Global - Royal Bank Of Scotland. I've never used RBS so I'm unsure as to what this supposed debt is, though I had a Natwest Account around 11 years ago that should be closed.

                            My question is as follows, what letter should I send to DM to 1) stop them from pestering me and 2) find out what this supposed debt actually is?

                            Many thanks in advance!

                            W

                            Comment

                            • #104
                              Re: Very Vague letter from Debt Managers Ltd

                              Morning wendel. do you have a diary started about this? as with out more info it's hard to answer your question, sorry NWx
                              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

                              • #105
                                Re: Very Vague letter from Debt Managers Ltd

                                Originally posted by wendel View Post
                                Hi Guys,

                                I've received an almost identical letter from DM and I'm unsure of how to respond. The debt is referenced as Arrow Global - Royal Bank Of Scotland. I've never used RBS so I'm unsure as to what this supposed debt is, though I had a Natwest Account around 11 years ago that should be closed.

                                My question is as follows, what letter should I send to DM to 1) stop them from pestering me and 2) find out what this supposed debt actually is?

                                Many thanks in advance!

                                W
                                Hi wendel

                                It would probably be easier if you started your own thread about this. However, I would be sending You know nothing of the Debt / Prove It - allaboutDEBT UK to DM

                                It's possible that, if you haven't actually closed the Natwest account, they've been adding on charges etc.
                                Let your smile change the world but don't let the world change your smile

                                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

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