Advice on how to leave my 'bad credit history' behind?

izools

This can work, as long as you don't move any accounts, not even one, from your old address to your new one, and at your new address, only open non-credit checked accounts like the Barclays Cash Account and Cashplus "Credit Builder" (Even a Provi loan if you're feeling mental)... You won't be linked back to the new address.

In three years time when you apply for anything credit checked, all that will be seen is data at your current address - there will be no address links - and you won't have lied.

This can be done legally if you have settled your bad debt - so that creditors don't see the CCJs, Defaults, whatevers. However, if you neglect to inform a creditor that you still owe money to of your new address, this is a breach of the account T&C and may be fraud in and of itself.

You still need to wait three years after moving when doing this to stay on the right side of the law - exaggurating time at address is of course, also, fraud.

notts_phil

Izools it most certainly isn't fraud, as stated I did it for a large amount. Moved into the address where.the debt was to be kept and then moved again. All I had to deal was letters and overtime they just reduced to a trickle

izools

Purposefully witholding your current address from a creditor to whom you have an active account / outstanding balance is a breach of their T&C and tantamount to fraud. And could land you with a GAIN and / or CIFAS.

JuicyJesus

izools wrote: »

Purposefully witholding your current address from a creditor to whom you have an active account / outstanding balance is a breach of their T&C and tantamount to fraud. And could land you with a GAIN and / or CIFAS.

It's not "tantamount" to fraud. It is fraud.

notts_phil

JuicyJesus wrote: »

It's not "tantamount" to fraud. It is fraud.

Sorry but I was under no legal obligation to provide the new address rather then a mail address. No gain was ever entered as I kept up regular contact with creditors and no cifas registered as no fraud suspected( as none committed).

So what I did was maybe imoral but it certainly wasn't illegal:)

Personally when I owed over 24k I didnt care about a banks t n c's esp as I had defaulted on all of the accounts.

izools

Most banks will want to know your "Current address" and your "Correspondence address"; I know HSBC have two separate entries on their system for these.

And if just one single letter gets returned to sender, the lender is within their rights to log a CIFAS and GAIN record against the borrower.

However, practically speaking it isn't likely to be a problem as, as you say, you're continuing to pay / placate them. Doesn't make it 100% above board, mind

notts_phil

Yep izools have yet pay a penny back!