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OMG! Is there an alternative?
Comments
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I see what you mean about an IVA, but if I do nothing and the defaults come off the report within the next 5 years, I'll be much better off right?Phew! It doesn't get any easier!:eek:0
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Please talk to Stepchange or NDL and get advice re the situation on each debt.
The relevant date is not when you acquired the account but when you last made any payment towards it (or for SB purposes when you last made any written acknowledgement).If you've have not made a mistake, you've made nothing0 -
the default should appear roughly 6 months after you fail yo meet your pyments. they should not wait years to record it. when did you last make payments.0
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They cannot register a default for the same debt twice.
I had a default registered by a credit card company who sold the debt on, then a default registered by the associated DCA
HBS x"I believe in ordinary acts of bravery, in the courage that drives one person to stand up for another."
"It's easy to know what you're against, quite another to know what you're for."
#Bremainer0 -
heartbreak_star wrote: »I had a default registered by a credit card company who sold the debt on, then a default registered by the associated DCA
HBS x
So is yur credit file showing 2 defaults for the same debt on different dates - or one from the DCA on a different date from the creditor?Mama read so much about the dangers of drinking alcohol and eating chocolate that she immediately gave up reading.0 -
Second option - one from creditor, one from DCA, different dates
HBS x"I believe in ordinary acts of bravery, in the courage that drives one person to stand up for another."
"It's easy to know what you're against, quite another to know what you're for."
#Bremainer0 -
wrong you can only default once. the earlier one is correct the second should be the DCA taking over the debt not issuing new defaults. best to speak to the credit reference folks.0
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Bankruptcy?
That's what I was thinking as an alternative to an IVA. The poster's pension would be safe as it cannot be touched by the OR.
No disrepect to the poster, but he seems more intent on hiding from these debts than addressing them? Often this is the reason people get into serious debt difficulties in the first place. Personally I'd much rather get all my debts onto an IVA and make token payments for 5 years with little or no hassles than to spend 6 years trying to dodge creditors in the hope that they get bored and go away. Some will, and some won't and once they get you to acknowledge the debt (i.e. in court), then the clock resets for another 6 years.0 -
pauletruth wrote: »wrong you can only default once. the earlier one is correct the second should be the DCA taking over the debt not issuing new defaults. best to speak to the credit reference folks.
Thanks to yourself and Gizmo! I'll give them a try
HBS x"I believe in ordinary acts of bravery, in the courage that drives one person to stand up for another."
"It's easy to know what you're against, quite another to know what you're for."
#Bremainer0
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