Sub Prime Credit Thread Part III

victor-meldrew_4

never-in-doubt wrote: »

sorry mate misread it LOL - doh!! Its late/early however you look at it haha

shes on your vanquis thread:mad:

sutton111

Parki wrote: »

My defaults are both satisfied. Tesco from May 2004, And Egg from Feb 2004. Still have a dmp note on my cahoot though .

Account type: Credit card / Store card Special Instruction Indicator: Debt Management Programme Special Instruction Start Date: 01/11/2003 Special Instruction End Date: 01/11/2008
Anyone know if that should have been automatically removed?

E-mail Experian and tell them to remove it as the end date has past over 7 months ago.

never-in-doubt

sutton111 wrote: »

E-mail Experian and tell them to remove it as the end date has past over 7 months ago.

read my post mate #1742 - could be 6yrs from end of last payment if no default registered :mad:

never-in-doubt

victor-meldrew wrote: »

shes on your vanquis thread:mad:

who is mate? lol now you;re confusing me?

I had an idea, shall i start a thread specifically for the stoners so it's all messed up in stoner text? hahaha

any1 else smoke then....

Parki_2

never-in-doubt wrote: »

Yes it should have gone already but they could do it as 6yrs from date of last payment so count 6yrs from 01/11/08.... try your luck see what happens....

Is the account ststus now settled or as above? It should certainly show settled - not DMP as the DMP is dead, isn;t it? Has it defaulted or cleared?

I hope its not going to do that. 6 years argggggh my file is only a year off being clean sheesh.

Its been paid off in October completely. Ive asked for the account to be closed. Ive informed experian and they said they need Cahoot to remove it so they have wrote to them to do so. Cahoot said in Feb they would remove it and close my account they just never seem to do it.

victor-meldrew_4

never-in-doubt wrote: »

read my post mate #1742 - could be 6yrs from end of last payment if no default registered :mad:

nid its possible ive been stiched for 6k by a freind.if thats the case.ill be skint.if we have an overdraft and move to another current account and just pay the o/d off monthly,what would happen if the bank called it in.im guessing if the funds going in suddenly dropped by 80% they may get the hump.
what would happen credit file wise etc.
all ifs but not looking good for our money

never-in-doubt

notice that the usuals don't come here anymore? its almost like the sutton/brian/dave/innocent/cif/london/clio/victor/young victor/noah/parki/n-i-d thread LOL

sorry if I left you out - but same people seem to post on here nowadays!

Parki_2

Oh and the account is showing Satisfactory on my credit report with a balance of £0 and a limit of £5000. The same as my MBNA

never-in-doubt

Parki wrote: »

Oh and the account is showing Satisfactory on my credit report with a balance of £0 and a limit of £5000. The same as my MBNA

Right then if it shows as satisfactory with no late payments then leave it alone, shows you've run an account well and don't use it!

If anything just ask the lenders not the CRA's if they'd remove all details from the Credit Agencies - they will say yes or no. If no, then they will remove it 6yrs after the last payment was made. Sorry, thats the way it is on non defaulted/live accounts.

TBH the status should help you get credit, it isn;t bad! It all depends on the late payment markers.... but when they go, then it will look great on your report!

never-in-doubt

victor-meldrew wrote: »

nid its possible ive been stiched for 6k by a freind.if thats the case.ill be skint.if we have an overdraft and move to another current account and just pay the o/d off monthly,what would happen if the bank called it in.im guessing if the funds going in suddenly dropped by 80% they may get the hump.
what would happen credit file wise etc.
all ifs but not looking good for our money

woah mate - you mean an 'ex friend'?

If you just do a bunk then the bank will ask for repayment. However most banks will allow you to repay a set amount monthly, this would show as arrangement to pay on your CRA though. Not good.

Best is to just transfer a few hundred each month intothe account to keep them happy, to repay o/d I mean...