Defaults, Credit Files

GameOver_2

Hi

I signed up to equifax gold membership to see my credit file whenever i want, online.

I have 11 debts on it, and 5 defaults, 0 CCJ's.

The defaults are small debts, Equifax said the lender can take the default off without any hassle at all.......

Im hoping with some persuation, they will take them off, if i offer to settle, they take the default off 1st. It just takes a simple phone call.

I think i have leverage, as i havnt paid a single debt for 3 years or more.

I am now on a debt paying, credit file reparing mission, any advice welcomed.

What easy credit can i get to pay back monthly?

How can i get them to take the defaults off?

Thanks

Matt :beer:

GameOver_2

One is a default from barclays for 75 pounds!!!

file_wizzard

GameOver wrote:

Hi

I signed up to equifax gold membership to see my credit file whenever i want, online.

I have 11 debts on it, and 5 defaults, 0 CCJ's.

The defaults are small debts, Equifax said the lender can take the default off without any hassle at all.......

Depends what you meen by "take off" all will mark settled, very few will remove them fully, unless you can prove they were incorrectly entered.

most creditors will not be black mailed over small debts into fully removing the default, they would rather let you suffer and learn your lesson.

Some large debts with DCA’s can be “negotiated” but again most are just intent on causing you as much pain as possible

GameOver_2

Well, my counceller wants to take charge and try to get them off, i want to get a settlement and pay them monthly, but only if the default is fully removed.

Shes going to say its put me into depression and anxiety, and i want to pay it, but take the default off ive learnt my lesson etc........

Otherwise i wont get credit for 6 years!!!

Matt

file_wizzard

GameOver wrote:

Well, my counceller wants to take charge and try to get them off, i want to get a settlement and pay them monthly, but only if the default is fully removed.

Shes going to say its put me into depression and anxiety, and i want to pay it, but take the default off ive learnt my lesson etc........

Otherwise i wont get credit for 6 years!!!

Matt

you can but try !, the system is there for a reason though and most lenders wont bend / break the rules.

GameOver_2

Would it be cheeky of me to set up a debt agency, buy all my debts, and remove the defaults? LOL!!!

Any other ideas mate?

Matt

blademan1889

Defaults are there for a reason and they will not be removed. The only thing that they can do is mark them as settled (If you agree and pay a settlement figure or pay them off in full). You can repair your history, just use a company like capital one for credit repair.

file_wizzard

GameOver wrote:

Would it be cheeky of me to set up a debt agency, buy all my debts, and remove the defaults? LOL!!!

Any other ideas mate?

Matt

You would probably be better organised and more professional then most of the DCA’s out there!!!

I am afraid the only thing you can do is play them at there own game and ask them to prove all details for every debt.

i.e

1) signed original credit agreement
2) copy of full statement of account
3) copy of default notice

if they are unable to provided these they are unable to legally enforce the debt for No (1) and if they fail to provide (2) & (3) they are unable to legal submit the data to the credit reference agency’s.

Write to the creditor asking for the above information, they have 28 days in total to reply to No 1 before the default becomes unenforceable, and 40 days to reply to (2) + (3) before the information they have submitted to the CRA’s is unenforceable

GameOver_2

But wont ANY defaults on my credit file stop me from getting a mortgage etc??

GameOver_2

Wow!!!

What are the chances of them not replying to me?????????

file_wizzard

GameOver wrote:

But wont ANY defaults on my credit file stop me from getting a mortgage etc??

Yes even 1 will stop you from getting anything other than "Sub-Prime" cards, loans , mortgages

you will also not be able to get a standard current account