Unfair defaults and how to get rid of them ?

Ilikenoodles_2

BugsyBrowne wrote: »

Sometimes I understand if someone has defaulted on 10k debt and ran into problems as the interest may of been difficult to pay but wrecking your credit report for 6 years because of 2 lousy payments under £500 is guttering to say the least.

couldent agree with you more but £500 is a boat load of money to someone who has none..

YorkshireBoy

Ilikenoodles wrote: »

yes I did not pay the amount and therefore defaulted I have of course paid the outstanding balance now to all parties.

I checked my report on Experian most of the £400 is what they paid to the loan companies and the rest is interest

I dont want any of the money back I just want the default from the bank removed clearly they shouldent have done it as it is poor practice i mean how can anyone not be able to see that it is poor/sharp practice and only done to push someone deeper in to debt and then make money off of it, its disgusting.

You haven't answered my question. Stop the emotion, read the question, and answer it.

Is the LTSB account showing "Status: Default" or "defaulted on xx/xx/xx" or similar? Or does it just show a series of numbers 321000 etc?

opinions4u

Ilikenoodles wrote: »

Do you get some sort of sick satisfaction or superiority out of telling people how wrong they are and then telling them how it SHOULD have been done?

Not really. It's quite sad that people are stupid enough to get themselves into these positions.

Lol what the hell is wrong with you people...

I have my faults.

But the answer to your original question is, as others have said, nothing.

You cannot change the facts as they stand. You initiated a sequence of events that put you in the position that you currently find yourself in. In my opinion this position can not and will not be changed.

So all you can do is analyse that sequence of events and learn from it. Sharing that lesson with others is no bad thing.

I dont want any of the money back I just want the default from the bank removed clearly they shouldent have done it as it is poor practice i mean how can anyone not be able to see that it is poor/sharp practice and only done to push someone deeper in to debt and then make money off of it, its disgusting.

Don't authorise payments to be made if you don't want a bank to pay them.

Ilikenoodles_2

YorkshireBoy wrote: »

You haven't answered my question. Stop the emotion, read the question, and answer it.

Is the LTSB account showing "Status: Default" or "defaulted on xx/xx/xx" or similar? Or does it just show a series of numbers 321000 etc?

It Just says default

The default date field has a date in it.

Fyi the only emotion im feeling at the moment in amusment.

opinions4u

Ilikenoodles wrote: »

Fyi the only emotion im feeling at the moment in amusment.

Me too ....

Mara69

Ilikenoodles wrote: »

Hi there,

Im new to the forum and have seen some great advice being handed out to people.

I was hoping to get a little of the same.

First of all I took out some payday loans. I Know.. I know I dont need the pep talk BELEAVE ME ive learned my lesson.

OK so this is my problem

A while back like many here I fell on difficult financial times and turned to the greasy payday loan companys.


I got 2 loans.

1 for £90
1 for £300

Come payment day I obviously coulden't pay and the debt then started to rise and and again I couldent pay it
at the time I had a bank account with no overdraft facility

but my bank decided to pay the payday loan companies debit requests anyway and then charge me interest for my trouble :O!!!

I have since learned that this is due to continues payment authority. Or something like that.
But at the time of course I did not know that a continues payment authority existed and just assumed that my bank woulden't pay them

As a by product of my bank paying them I was now in more debt to the tune of over £400 with my bank. Aswell as still being in debt to the payday loan companies. thank you very much loyds TSB...

I asked the payday loan companies to give me more time but got absolutly no where

while all this was going on though I still thought my bank balance was zero i had no idea they had paid them and put me in more debt

*que the big black hole to swallow me up*

I just couldent pay anyone I had lost my job
(which is the reason I took the payday loan's out in the first place I thought I could get straight back to another job)

So due to all of the above and knowing that I couldent deal with it i just ignored it and hoped it would go away. Big mistake!

I now have 3 defaults on my credit report which is ofcourse affecting my life and that of my family

the 2 payday loan defaults I think are unfair as I did ask them for more time but im pretty sure there is nothing I can do about it short of

A) asking nicely for them to be removed as they are both under £500. (1 is £90 FML!)

Requesting proof of a final default notice and getting lucky.

I know their is not much hope of either of those happening

With the default from my bank I feel that it is deffinetly unfair as they paid the companies when I clearly did not have the means to pay and I had no overdraft facility.
Surely to god there is some way i can get this removed?

Anyway im in the process of trying to clean up my report ill do whatever it takes to get these defaults removed can someone please help me and tell me where to go from here? or what should be my next step.

For future reference....

YorkshireBoy

Ilikenoodles wrote: »

It Just says default

The default date field has a date in it.

You generally don't get a default until after 6 months or so. Has the issue been going on for that length of time?

See the defaulted account example here...

http://www.experian.co.uk/downloads/consumer/YCREJul08.pdf (page 12)

Is that how your current account is showing?

Could you reproduce exactly what it says (tweak the amounts/dates slightly if you like...but not too much)?

Fyi the only emotion im feeling at the moment in amusment.

You're getting side-tracked, rather than focussing on getting what you came for.

BugsyBrowne

Ilikenoodles wrote: »

It Just says default

The default date field has a date in it.

Fyi the only emotion im feeling at the moment in amusment.

I doubt you will find it amusing when you apply For credit and get turned down for the next 6 years.

boliston

I think that the "continuous authority" to charge a card is quite a dangerous thing as so few people understand it.

Apparently you can "cancel" one by writing to the person you gave the authority to and they have to respect that instruction even if you owe them money, but I would not trust some companies to take any notice of such an instruction.

It's probably safest to report the card lost as this means you will get a new card with a different number so no more payments can be debited to the old number.

Ilikenoodles_2

YorkshireBoy wrote: »

You generally don't get a default until after 6 months or so. Has the issue been going on for that length of time?

See the defaulted account example here...



Is that how your current account is showing?

Could you reproduce exactly what it says (tweak the amounts/dates slightly if you like...but not too much)?You're getting side-tracked, rather than focussing on getting what you came for.

It looks just like that only their is no reference number and the ammount is 0

Edit: yes it went on for over a year before i was in a position to pay it.