Tweet
Hello,
I would be most grateful for help with a default which is the only blemish on my credit files and I want it gone so I can get a mortgage.
I had a Vanquis credit card which started in July 2018.
I had just begun self-employment but this didn’t take off, so I was not able to keep up with the credit card payments.
I made a few payments but the account eventually defaulted after 8 months of its start date.
Vanquis sold the account to Lowell a few months later.
Lowell send letters here and there which I ignore and I do not have any payment arrangements with them but last week they sent me an email with a 50% discount offer.
It got me thinking that I could negotiate default removal in exchange for the offer but this is unlikely to work from what I’ve read.
A while back I made a SAR to Vanquis so I looked at the documents again and began researching any failures that could work in my favour.
I found that Vanquis did not send a compliant notice of sums in arrears (NOSIA) as the contents are not as prescribed.
I have read this means I was not liable for interest or default sums and that Vanquis could not enforce the account.
Does this mean Vanquis should not have recorded a default on my credit files?
And that they should not have sold the account to Lowell?
If I make complain to Vanquis about this non-compliance with a view to getting the default removed, would they inform Lowell which would prompt Lowell to send me a compliant NOSIA and make the account enforceable again?
I’m hoping not so that I can get Lowell to remove the default as well as Vanquis, but any help and advice will be most appreciated.
Many thanks
I would be most grateful for help with a default which is the only blemish on my credit files and I want it gone so I can get a mortgage.
I had a Vanquis credit card which started in July 2018.
I had just begun self-employment but this didn’t take off, so I was not able to keep up with the credit card payments.
I made a few payments but the account eventually defaulted after 8 months of its start date.
Vanquis sold the account to Lowell a few months later.
Lowell send letters here and there which I ignore and I do not have any payment arrangements with them but last week they sent me an email with a 50% discount offer.
It got me thinking that I could negotiate default removal in exchange for the offer but this is unlikely to work from what I’ve read.
A while back I made a SAR to Vanquis so I looked at the documents again and began researching any failures that could work in my favour.
I found that Vanquis did not send a compliant notice of sums in arrears (NOSIA) as the contents are not as prescribed.
I have read this means I was not liable for interest or default sums and that Vanquis could not enforce the account.
Does this mean Vanquis should not have recorded a default on my credit files?
And that they should not have sold the account to Lowell?
If I make complain to Vanquis about this non-compliance with a view to getting the default removed, would they inform Lowell which would prompt Lowell to send me a compliant NOSIA and make the account enforceable again?
I’m hoping not so that I can get Lowell to remove the default as well as Vanquis, but any help and advice will be most appreciated.
Many thanks
Comment