"Pay for delete" possible / legal in UK?

silene

My partner has two defaults in his credit report.

Would it make sense to contact the lenders and offer to settle these accounts in full on the condition that they agree to remove the default from his records?

Are there legal issues with this in the UK? Has anyone done this successfully?

Wutang_2

Thats not the way it works

Bravehearted_2

While you're at it, why not offer to pay extra and ask them to add loads of positive markers to his file?

Lenders record your factual credit history. If you default, they record it simple. You can't bribe them to remove it.

somethingcorporate

Where is the incentive for the lender?

Apples2

You already had a conditional offer, repay your debt and they will improve your file.

You have turned them over once and are now trying to bribe them.

DCFC79

While your at it Silene why dont you offer to pay to have other peoples defaults removed from they're credit files. The 2 defaults are proof of your partners history of his finances so 1 question Silene why should the defaults be removed ?

It might depend how old the defaults are.

nottoolate

silene wrote: »

Would it make sense to contact the lenders and offer to settle these accounts in full on the condition that they agree to remove the default from his records?

can be done. ask this person for the letter they used https://forums.moneysavingexpert.com/discussion/3994955

dealer_wins

If this started to happen, it would make lenders even more strict, resulting in more people being pushed towards payday loans etc

And it would also ruin the credibility of credit reports in the process.

KingElvis

O my what a pickle

fatbelly

There was a thread on this on the dfw board

Pay for delete