Natwest Current advantage gold account. Am I guaranteed.....

Kavanne

izools wrote: »

Oh. Sorry! I'll get my coat

Do they ever offer it free? My OH applied for a Current Plus account from Natwest six months ago and was offered advantage blue for free. Maybe they give it away for customers that intend to have a large turnover through the account or something...?

Yes but I will put money on they only gave it free for 3 or 6 months. your OH should check.

izools

Ah I see... naughty little blighters.

He didn't take the account in the end as they would only give him a Solo card and he already has full cheque guarantee card etc with his current bank.

develash84

Slight update regarding this. I will be talking today to a Natwest manager to see what is available for me.

As for the PROVIDENT default, PROVIDENT is discussing buying the debt back from WESCOT CREDIT SERVICES and placeing me on a thing called FRESH START.

This would show the previous debt as settled and the DEFAULT settled but it still would not be removed.

If they do agree to do this, then as far as I am concerned this is a reault.

I mean a settled DEFAULT is better then an active DEFAULT. Isn't it?

izools

A settled default is better than an outstanding one, however given your other defaults, it would make no difference to a creditors decision when they score you.

That, coupled with the fact that there will be fees / interest somewhere amongst all of this, I would not bother. Provident will find a way to add fees, and speaking from experience, they saying what they will do on your credit file and what they actually do are two completely different things!

It took me three months of legal threats and a letter to the FOS to get them to remove incorrect adverse data from my report, god knows how much pain it would be getting them to remove correct adverse data!

Don't fall for it mate, you'll regret it

develash84

Ah I see. Provident playing me....thats not on at all. I will carry on with discussions with them and see what they come up with, either way I want it all in writing they cant dispute anything then.

As for my other DEFAULTS, I need to update my signature on here as some of the debts are lower now then last month.

If I got all the DEFAULTS SETTLED this would show up on my credit report. So would that mean that when a creditor looks at my report they can see its been paid, or would they just red flag it even though its a settled default.

Could I not ask them to do a manual search of my credit reports?

bingy_burge

Getting them settle will help a bit but only t0 get more sub prime credit like a vanquis card. One settle default on an otherwise good credit file may be accept by some but the fact your have several settle or outstanding a manual search is going to do you no favours

When it comes to prime credit like a natwest credit card you will need to wait till there all 6 years old and fall off your file. Then if you have some history of good credit management like a well managed vanquis card then you should be able to get something like a flybe credit card and then work your way towards prime deals.

develash84

Ok thanks everybody for your help and support.

I have just sent this letter to O2 regarding my default:






20.November.2009

　
　

Mobile number - (xxxxxxxxxx)

Account number - (xxxxxxxxxxx)


　

To whom this may concern,

I am writing in relation to a default that O2 issued against me dated 15.January2008. Normally when a default is issued the lender is required by law to send a pre-default warning letter. This gives the customer a final 30 days to pay up, and also explains exactly what a default is and how it might affect access to credit in the future.

I gather the Mobile Phone companies are not regulated by the Consumer Act 1974 and therefore are not required by law to send an official default warning letter.

However, there was an official contract in place between O2 and myself and this therefore is covered by Contract Law. Clearly there was a - breach of contract' and therefore O2 was lawfully obliged to send notice of this breach, and to have given a reasonable amount of time for the breach to be remedied.

Clearly O2 has not followed the official guidelines set out by Contract Law and therefore the Default is unlawful and should be removed.

I look forward to your reply and I thank you for your time.

Yours faithfully

xxxxxxx



Anybody got an opinion about whether this letter will help?

izools

I have a similar dispute going along with O2 on behalf of my other half.

I also pulled on breaches of key principles of the Data Protection Act.

Certainly one point you could argue is the principle that data must be fair and lawfully processed.

You can argue that the data is unfair, on the basis that it suggests to any 3rd party performing a credit analisys on you, that you failed to respond to numerous demands to bring the account up to date.

You did not recieve such demands until the default marker had already been recorded and was not aware that the account was in a potition where it may default if payments aren't made, as you weren't advised.

On this basis the data is misrepresentative of the reality of the situation and in clear violation of one of the key principles of the Data Protection Act 1998.

I managed to get three to remove a default from OH's credit file on this basis, just waiting on O2 and Vodafone now :T


Once they are paid, they will reflect on your credit report as Satisfied Defaults. The fact they are settled will show, but the fact that they defaulted will also show, for six years from the date of default. This means you are unlikely to get any prime credit for six years after the default date.

Some prime creditors consider people with satisfied defaults as long as

1. The defaults are all settled
2. The newest default is atleast 3 years old
3. The most recent three years of credit history is flawless. You have held active accounts over the last three years and not missed payments on any of them.

If you fulfill the above criterea (maybe not to the letter but close enough) you may be considered for a prime credit product. But to be honest, you shouldn't consider what credit you can apply for until you've admitted to yourself the changes you need to make in your approach to money management

Good luck, and keep us posted!

develash84

Thanks for the response Izools. Its good to hear that it is possible to get the defaults removed from the credit files with mobile companies. I just sent the same letter/e-mail to T-mobile. I wont know unless I try.

All these defaults are obviously all my fault and I'm not going to make an excuse. I was in hospital for over a year and this has made a detrimental effect on my credit report. Where as some companies said ok we will put your account on hold until further notice, the ones I did default on wasnt quite as understanding.

Could you possibly post up the letter you sent to the mobile companies as I may try yours as well, as you say it worked.

How long was it till they responded to you and removed the deafults?

izools

Well it took two letters to Three.

I've sent two to Vodafone, both have been kicked back with "Tough" and two to O2, which they "lost".

The final letters to Vodafone and O2 are in the post as we speak. If they kick these back I will be sending them "Pre-Litigation Advice" letters.

It's mostly posturing and bluff, and I've had wildly varying responses - Three folding after the second letter, O2 pretending they didn't get the letters, and Vodafone totally sidestepping the issues raised in my letters just saying "Nop!"

Watch this space

-Note, I'd rather not post up the letters or PM them to anyone, as the network may get suspicious if any of my wording just happens to turn up verbatim in a letter sent by another customer. That might lead I don't know where...