How long before a credit card company defaults you?

thecoldstreamer_2

I have had over 100k of debt and numerous after PTSD, a failed marriage and lost a very nice home. Please be nice and not judge me on this.

When I returned from Iraq in 2003 I found out my wife had racked up serious debts. Once the house was sold to pay off debts we parted company.

I moved away and slowly and surely paid off nearly all debts however 1 debt still haunts me.

A credit card taken out 2001 and wasn't paid by me from November 2003 to 2006 when I started paying this again was entered into a payment arrangement which subsequently lapsed and was defaulted June 2010.

My credit file now all cleared has this 1 default until June 2016. I do pay every month since finding a new job but am wondering shouldn't lloyds have defaulted this earlier when I didn't pay for almost 3 years thus the default would be off my file although I continue to pay not affect me for credit still?

Thanks in advance

happy_bunny_2

Should have been defaulted within 6 months of non payment. Google 'ICO default guidelines'. Sorry I don't have the link at the moment.

Who owns the debt now? I would send a formal complaint to them, in writing, signed for. After 8 weeks of not sorting the issue you can take further action via the Financial services ombudsman.

Good luck

thecoldstreamer_2

Thanks and I hope that works. Although I still have 4k to pay I am paying money to them every month but if was defaulted after 6 months this would mean I defaults on my credit reports hence a perfect credit rating

thecoldstreamer_2

Sorry the debt is still with lloyds Tsb.

happy_bunny_2

Debt collection agencies have been known to change default dates. Who reported the default on your credit report?

happy_bunny_2

Ah ok. In that case. The complaints process should be easier . Quote whatever you need to from the ICO default guidelines when complaining and come back on here if you need any help.

Good luck

HB

thecoldstreamer_2

Thanks happy bunny was expecting the usual bed remarks although your response is great. Only question though is I didnt pay for 18 months + busy burying my head in the sand, although the ico guidelines show they should of defaulted it after 6 months as I wasn't secured debt, I hope by me doing an arrangement to pay doesn't change things

happy_bunny_2

Arrangements should not put you in a worse position than if you had never paid. I do a lot of reading on here. They are wrong from what you say.

Debt Free Wannabe board is usually much friendlier than some of the others

thecoldstreamer_2

I had wondered as most debt to be honest apart from first direct was with lloyds for a car loan via black horse and an overdraft but they disappeared off my credit file a year or 2 ago and are now paid in full. I will type out a letter to lloyds Tsb on Monday and send it recorded. Am I also check my credit files online with experian, call credit and equifax I may raise a complaint with them quoting the ico guidelines on defaults also as they will also context lloyds Tsb in relation to it as I have done it before for similar issues

happy_bunny_2

I would check the CRAs as you say. Wouldn't do any harm to dispute the date with them also if you have the time.

thecoldstreamer_2

I will let you know and the community what happens