can I sue Next

be96erj

Hi,

I have an adverse credit rating because Next has kept on their file that I once missed a payment (which I paid as soon as got back from holiday). This (according to experian, has been kept on file for longer than is is allowed).

My question is can I sue Next? What are the chances of success?

thanks

Wywth

be96erj wrote: »

Hi,

I have an adverse credit rating because Next has kept on their file that I once missed a payment (which I paid as soon as got back from holiday). This (according to experian, has been kept on file for longer than is is allowed).

My question is can I sue Next? What are the chances of success?

thanks

Yes. Poor.

The_Boss

A once missed payment will not have a big impact on your ability to obtain credit. So you will fail having wasted lots of money.

InsideInsurance

be96erj wrote: »

This (according to experian, has been kept on file for longer than is is allowed).

What do you mean by the above?

Lenders give a monthly update and so the month you were late they'd have given a missed payment notice and this would have been loaded.

Assuming all other payments are up to date etc all subsequent updates should show up to date on it.

Therefore when you look at your report then you should show one late payment for that one month. That will stay on your report for 6 years but its influence will diminish as time goes on assuming there are no other issues

It is not Next that define how long it stays on your report

The_Boss

Technically a late payment can show on your report for up to 9 years. If the late payment was 2.5 years ago and today you settled the account, the late payment would already have been on for 2.5 years and the account will then not be removed from your report until 6 years after the settlement date.

CherlokHomes

be96erj wrote: »

Hi,

I have an adverse credit rating because Next has kept on their file that I once missed a payment (which I paid as soon as got back from holiday). This (according to experian, has been kept on file for longer than is is allowed).

My question is can I sue Next? What are the chances of success?

thanks

A missed payment I'm sure can stay on your file for upto 6 years.

The_Boss

Innovate wrote: »

A missed payment I'm sure can stay on your file for upto 6 years.

Or longer as per my post immediately before yours

esuhl

be96erj wrote: »

Hi,

I have an adverse credit rating because Next has kept on their file that I once missed a payment (which I paid as soon as got back from holiday). This (according to experian, has been kept on file for longer than is is allowed).

My question is can I sue Next? What are the chances of success?

thanks

I don't get it. You missed a payment, and Next recorded the fact that you missed a payment. What are you going to sue them for? Deceptively telling the truth?!

I don't know if it's true, but I've heard that some companies will look favourably on the occasional slip-up like this if it's quickly put right (i.e. by paying it the next month). It's a chance for them to earn interest, potentially making you more profitable than someone who pays off all debts on time.

p00hsticks

be96erj wrote: »

My question is can I sue Next?

Yes - pretty much any one can sue anyone for anything.
Whether it's a good idea or not is another matter....

be96erj wrote: »

What are the chances of success?

Given that you appear to acknowledge that you did indeed miss an payment, I'd say probably non-existent, as all Next have done is correctly reported the facts.

One missed/late payment is really not going to do a great deal of damage to you credit record particularly if, from, what you say, it seems we are talking many years ago.....

be96erj wrote: »

This (according to experian, has been kept on file for longer than is is allowed

UsetheFORCE

The_Boss wrote: »

Or longer as per my post immediately before yours

Is it not upto 12 years???

As far as I am aware, it is no longer just 3 years payment history they keep on record but 6???

opinions4u

It's factual information.

Nothing to sue for. You missed the due date. They are reporting that you missed the due date.