Experian help please.

houghton19

Hi guys,

I am just trying to sort out my debts from ages ago as i am moving house and i know i am going to have more money spare.

Im currently 25 and when i was 18 i started taking credit out left right and centre.

My 1st debts that i am going to pay off 1st is 2 loans i have in my grandparents name (as im a wagon driver and they get worried about how they will pay the debts if something was to happen to myself).

I owe them aprox

Grandma £500 (creditcard) for car insurance
Granda £<3000 (bank loan for a car)


I have a agreement where I pay £10 a week out of my wage and i have £3520.36 to pay on that (which was going to be my next one to chip away at)



Anyway, getting to my point, on my Experian credit file i have these

HFC BANK PLC Loan Default £1,681 16/01/2011 Hide
ENTRY NUMBER: C1






Company name: HFC BANK PLC Who's this? Account type: Loan Started: 04/06/2004 Default Balance: £3,551 Current Balance: £1,681

Defaulted On: 31/03/2005 File Updated for the Period to: 16/01/2011 Status history:

[ ] What's this?
.................................................................................................................................................


WESCOT SPV LIMITED Communications Default Satisfied 16/03/2008 Hide
ENTRY NUMBER: C5






Company name: WESCOT SPV LIMITED Who's this? Account type: Communications Started: 20/05/2003 Default Balance: £59 Current Balance: Satisfied

Defaulted On: 06/06/2005 File Updated for the Period to: 16/03/2008 Status history:
[] brackets indicate most recent months status [ ] What's this?
....................................................................................................................................................



LOWELL PORTFOLIO I... Fixed term defe... Default £10 30/01/2011 Hide
ENTRY NUMBER: C6






Company name: LOWELL PORTFOLIO I LTD Who's this? Account type: Fixed term deferred payment Started: 28/05/2004 Default Balance: £322 Current Balance: £10

Defaulted On: 26/04/2010 File Updated for the Period to: 30/01/2011 Status history:
[] brackets indicate most recent months status [ ] What's this?
:j(I however paid the last £10 on this account today):j



......................................................................................................................

ENTRY NUMBER: C7






Company name: CABOT FINANCIAL (UK) LTD Who's this? Account type: Credit card / Store card Started: 25/03/2003 Default Balance: £2,400 Current Balance: £2,984

Defaulted On: 01/04/2005 File Updated for the Period to: 02/01/2011 Status history:
[] brackets indicate most recent months status [ ] What's this?
(I last wrote to these guys in 2008, sent a letter recorded del, and still awaiting a reply)


......................................................................................................................


ENTRY NUMBER: C9






Company name: OPEN & DIRECT RETAIL SERVICES Who's this? Account type: Credit sale fixed term Started: 28/05/2004 Default Balance: £322 Current Balance: £322 Repayment Period: Monthly Payment: £39 over 10 months Defaulted On: 23/06/2010 File Updated for the Period to: 02/01/2011 Status history:
[] brackets indicate most recent months status [ ] What's this?

(i dont actually know who or what these guys are doing, just found out about this 1 when i sighned to to Experian)




Anyway,


Since the 2 biggest debts are only a few month away from the 6 years from default, is it worth just leaving them and letting them default and pay the others that i have ???


thanks guys any advice would be helpfull.

Thanks.

Tim.

cabbage

Hi you may have defaulted in 2004/5 but this is not always the date from when the six years starts from. It can either be the date of last payment, date last acknowledged or the date the amount was first due. So if you made a payment in say 2006 and that was the last time you dealt with that debt and have never acknowledged it then the 6 years run from 2006

You can acknowledge the debt quite easily without realising it. Simply writing to ask for more time to pay or more details of the debt can be classed as acknowledging it.

Have a look on https://www.nationaldebtline.co.uk about statute barred debts http://www.nationaldebtline.co.uk/england_wales/factsheet.php?page=25_liability_for_debts_and_the_limitation_act