default removal

gettingtheresoon

Thank god for this site a big :kisses3: to you martin for all your help. I feel i'm one of the lucky ones i've gone from owing £52,000 to £0 in 5 years but you would think that would be it but you would be very wrong. Im scarred with 2 defaults one being removed in feb 09 for £207 which is no problem and the other by the very annoying Asset link!! for £6,500 this was got after having replacement windows with first national, a dispute with the window company left missed payments and finally a default with the bank which i was in dispute with, this was then handed to assett link who told me if i paid it in 5 monthly instalmants the default could then be removed. I paid 1 instalmant and they then without me knowing obtained a ccj!!! HOW FURIOUS WAS I:mad: i contacted asset link and they again assured me that if i paid the balance in full within 28 days not only would the ccj be removed but also the default. To date 2 years have passed and this hasn't been done and they are refusing to do it, which makes a mock of all ive achieved as i still pay 9.6% on my mortgage because of it. Id like to know although my credit file shows the default with asset link is it with them or first national and can i remove it legally as ive read that this can be done. Ive seen on this site people refer to CCA OC DCA when reffering to removing defaults can anybody tell me what these abbreviations mean. If you are still awake when you read this many thanks for reading my rant and id appreciate any feedback you can offer. good luck in your personal quest.

sarah xxx

moneysavingplumber

Did you actually settle the amount? I assume you did as you say you have £0 of debt. I don't understand how they can have got a CCJ without you knowing as the court would have issued a summons and you would have had 28 days to respond (unless the process is different for defaulted credit agreements?? Not sure on that).

Defaults usually stay on file for six years from the date of the default, but if the amount is settled then that should be updated on the file, but it will stay. You can add a 'notice of correction' to your file, you usually have to pay to see your file before you can do this, it doesn't remove the default but allows you to add an explanation in less than 200 words of how you got into the situation, but it can't be defamatory or libellous. It may improve your credit rating slightly.

DCA is a debt collection agency (CCA credit card agreement, OC original creditor?). Sometimes you have to refer to the original creditor to have the default amended or zeroed, depends who sent the info to the agency in the first place.

I'm no expert and I'm only quoting from my own experience, lots of people on here know much more than I do about this.

Good luck!

gettingtheresoon

sorry i forgot to say, yes i did clear the amount outstanding.

thank you

moneysavingplumber

http://forums.moneysavingexpert.com/showthread.html?t=677875

Check that link for useful info.