5 year old defaults been sold on and reregistered on my credit file as new defaults

Lally2112 · 14 March 2014 at 9:24PM

Hi,

I need some help and advice. I got myself into a financial mess several years ago. I have paid back all but 2 of my debts one lloydstsb loan and one lloydstsb credit card, they were defaulted in nov 11 and apr 11 respectively. I have tried to negotiate settlement figures and lloyds just wouldn't play ball. I have just checked my credit file and they have now been sold on to first credit the old defaults are now noted as settled and new defaults for the same debts have been added this month. Help I didn't think they could do this and how can I resolve this. I have been offered some money to negotiate a settlement figure with 1st credit but how can they add these as new credit agreements, then non-payments and defaults when they are already on my file?

Please help, I have worked hard to get rid of all my other debts and just have these two left, I don't want another 6 year out in the credit hell cold!!! I will need a mortgage at some point in the near future.

Thanks

Lal

rizla_king · 14 March 2014 at 9:26PM

Have they changed the default date on the new entries?

double_mummy · 14 March 2014 at 10:42PM

they should have the same default date and be linked to show the accounts as being transferred

so the default would still come off 6 years from the original default date and would be marked as partially satisfied if you paid a settlement to first credit

sourcrates · 15 March 2014 at 11:39AM

Personally I would rather walk bare foot over hot coals than pay 1st crudit a single penny, they are the worst bottom feeder DCA out there, with a terrible reputation, they actually wrote the book on "threatograms" I think !!, if you must pay this scum anything first check they have all the legal paperwork to be able to claim you owe them anything, CCA them, provit letter, make em jump through hoops, I don't advocate not repaying debt, just don't ever pay a DCA, if you can reasonably avoid doing so, my reasons are these, they buy delinquent debt that has been written off by the original creditor, they pay a few quid for these accounts, which they buy in the thousands, they then chase the debtor for the full original amount that was outstanding, and if they pay up, a nice little profit, and they use every dirty trick in the book to get you to pay up, no matter what your financial circumstances, rant over !!

[Deleted User] · 15 March 2014 at 4:15PM

come on sourcrates, I bet you send them a Christmas card every year!

jmhgibson123 · 15 March 2014 at 4:29PM

sourcrates wrote: »

Personally I would rather walk bare foot over hot coals than pay 1st crudit a single penny, they are the worst bottom feeder DCA out there, with a terrible reputation, they actually wrote the book on "threatograms" I think !!, if you must pay this scum anything first check they have all the legal paperwork to be able to claim you owe them anything, CCA them, provit letter, make em jump through hoops, I don't advocate not repaying debt, just don't ever pay a DCA, if you can reasonably avoid doing so, my reasons are these, they buy delinquent debt that has been written off by the original creditor, they pay a few quid for these accounts, which they buy in the thousands, they then chase the debtor for the full original amount that was outstanding, and if they pay up, a nice little profit, and they use every dirty trick in the book to get you to pay up, no matter what your financial circumstances, rant over !!

so can i just ask if you have been paying dca's can you stop paying a send a prove it letter?

happy_bunny_2 · 16 March 2014 at 8:20AM

They are not allowed to change the date. If they do, complain to 1st crudit.

They do respond to complaints, although they might be a bit busy trying to wade through mine at the moment...

Lally2112 · 17 March 2014 at 7:43PM

thanks for the replies, i have been having trouble trying to log in. I will check the default date and complain if they have changed it. Most of these debts are charges and fees added by Lloyds, I lost my job and there was a palava over the PPIs and everything escalated from there. I would like to pay them off but any type of negotiation with lloyds seemed to be a no starter, I have had no contact with then for over 4 years about these debts. Do you think I should CCA them and wait and see what happens? Any advice on how you think I should proceed would be greatly appreciated. My parents have offered to pay a reduced amount for me to get rid of these debts but how do you think I should play it? Thanks for the advise so far.

happy_bunny_2 · 17 March 2014 at 9:08PM

If no contact for 4 years, how come they defaulted in 2011?

When were the loan and card taken out? Before April 2007? Important for CCA request.

Did you reclaim the PPI if it didn't pay out?

Lally2112 · 18 March 2014 at 1:54AM

Well it was a bit of a surprise when I saw the defaults there!!!
I haven't acknowledged anything from them for a long time. I think I made a mistake with the date if put 2011 because one will be 6 years this november and the other one will be 5 years this april since the defaults were put on my credit file.

PPI I am disputng with them as one did pay out. I have claimed PPI for the other loans that I had used that to pay off some of my other debts.

5 year old defaults been sold on and reregistered on my credit file as new defaults

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