Default by Payday UK

zhoque

Hi all. This is my first post but i have been lurking for over 4 years!!! So yes, it has taken me a while to build up courage to post.

I wanted to ask someone about a loan I took with Payday Uk about a year ago. I couldnt meet the requirements of the loan and failed to pay a single penny on the account due to some severe financial difficulties i had at the time, which have only started to get better.

Anyway, the loan was for £400 pounds and MEM Consumer Finance has placed a defaulted on my credit report for the amount of £500. Now i dont dispute this debt, nor do i want to avoid it any longer. I want to pay it off, so yesterday i called them to say if i pay it off in full would they as a gesture of good will, remove the default from my credit file, to which the said no. Fair do's.

What i want to ask is, if i paid it off in full how would the credit file update? Would it show that i ever defaulted on the loan? Or would it just say, satisfied? Would any potential creditors who would search my file in the next few months see that i had ever defaulted with this company prior to the debt being settled or would they just see settled and think nothing more of it.

Thanks to all in advance.

KingElvis

The default will stay for six years from the date of issue. If you pay it, it will be marked as settled but it's not going anywhere.

Other companies will see it and run away as fast as they can....a default (especially a payday loan one) on your record is like finding an anal pube in your donut.

DCFC79

KingElvis wrote: »

Other companies will see it and run away as fast as they can....a default (especially a payday loan one) on your record is like finding a anal pube in your donut.

Thats another good 1 lol and a new keyboard for me lol

lolavix

KingElvis wrote: »

Other companies will see it and run away as fast as they can....a default (especially a payday loan one) on your record is like finding a anal pube in your donut.

Remind me not to have a drink in my hand when I read your posts!

zhoque - afraid it will be there for 6 years and you would seriously struggle to get credit with a high street lender for that time

McKneff

Your default will be marked as 'satisfied' because it is a true record of your credit history.

zhoque

ok, thanks to everyones replies. I will try again to see if i can get them to remove the default. Wish me luck.

KingElvis

zhoque wrote: »

ok, thanks to everyones replies. I will try again to see if i can get them to remove the default. Wish me luck.

Forget luck, you'll need a miracle or devine intervention

McKneff

zhoque wrote: »

ok, thanks to everyones replies. I will try again to see if i can get them to remove the default. Wish me luck.

You won't, that'swhat everyone has been telling you. I think you need to read the whole thread again.

I wouldnt waste your time.

27col

It is amazing how many come on here saying that they thought that they had already paid back a loan, and also many seem to simply forget that they had a loan and conveniently have lost the paperwork for it as well.

melbell

27col wrote: »

It is amazing how many come on here saying that they thought that they had already paid back a loan, and also many seem to simply forget that they had a loan and conveniently have lost the paperwork for it as well.

Unless its to reclaim PPI

zhoque

27col wrote: »

It is amazing how many come on here saying that they thought that they had already paid back a loan, and also many seem to simply forget that they had a loan and conveniently have lost the paperwork for it as well.

It's amazing how many come on here and without even reading the post properly, have the audacity to reply. At least read the post first, and if you argue that you have, at least try to understand the contents of it.
At what point in my original post did I claim to have forgotten to pay the loan, or even forget that I had a loan, or in what sentence did I write, that gave you the impression that I had lost the paperwork as well? It beggars belief that in this day and age where English, wether reading or writing is taught freely in this country goes to such a waste. I am dumbfounded!

We have a free education system clearly going to waste. A crying shame. It is also amazing how some come on here to be judgemental without even understanding the topic before spewing utter garbage in an attempt to seem cool, to be seen to have put in their fair share of help in a forum that was set up so people can come and post questions in the hope of getting some help.

If I wanted your silly input, or your judgement, your assumptions of me or my situation, your brain dead attempt at trying to decipher my intentions of posting, then clearly I would have asked you for those very silly, idiotic remarks. I didn't, so keep them to yourself in future.

If you have issues regarding your behavior, especially towards others then there is a forum for that which I would gladly point you to. Please pm me for the details.

Also, melbel, considering you are also a newbie, I am very surprised you found the need to also add your idiotic, near stupid and completely irrelevant remark to the thread. What can only be described as an attempt to gain popularity in a forum where you a relatively new by posting your remark is plainly ridiculous and is not the way to go about to gain popularity or friends. I think you'll find helpful advice would prevail over sarcasm or spite. Maybe if the same courtesy had been extended to yourself when you first posted you would have realised how a selfish comment would make one feel. Hopefully you weren't treated in the way you treated me as that would only serve as an excuse for your childish behaviour.

What I truly fail to understand is why some come on here to be so rude, sarcastic or judgemental. What exactly was it that compelled you to reply to my post in such an unnecessary and un-welcomed way? You don't have to post if you have nothing positive to say. In my original post, I can't see in what way I attracted your vermin like comments.
Too many times I have seen the likes of idiots like you on threads of vulnerable people looking for advice or information and yet strangely the likes of you people feel compelled in putting in your illiterate two bit input. Leave people alone, WE DON'T WANT YOUR SARCASM, I'LL INFORMED OPINIONS OR JUDGEMENTS!

To everyone who understood the nature of the original post, a warm thank you for your helpfull and informative advice, also a thank you for refraining in giving your opinions of me and my intention in posting what I thought and still think is a normal question.