Confused

Dralion12 · 27 June 2013 at 8:52PM

Hi All,

As adverted my MSE, i went to noddle for my credit report. I was surprized to see a entry for a loan for £2,500 that I took out in 2009 with B-clays. In mid to late 2009, I suffer with very ill health lost my job thru the illness and therefore couldn't meet the repayments after a lot of wrangling the bank wrote the loan and my £920 overdraft off. In the letter they sent me informing me of there decision, there was no mention that this would effect my credit rating, same goes for my overdraft. I have ask to a notice of correct, on my file but that has been declined by the bank.

what grounds do I have for appeal, and this is knackering my credit up.

I repeat in the letter there was no mention that writing the loan and the overdraft would appear on my file. Can the bank do this?

I want to appeal there decision, as I am now in a position to get back on track after 3 yrs of several ill health..

Regards

Dralion

shaunnnny · 27 June 2013 at 8:57PM

did the loan default? if so how long has it been in default? remember a default stays on your credit file 6 years from the date it defaulted, if they have defaulted you and you havent recieved a default notice then its time to send of letters requesting them and asking for signed true copies of the alleged defaults, if they cant provide you with these then you should be asking for them to be removed from your credit file. theres some letter templates for this purpose i think and you can find them on this site i think

Tixy · 28 June 2013 at 11:14AM

What does your credit file show in relation to the account?

Does it show a current outstanding balance? What is the default date?

What is the date of the letter from the bank saying that they will write off the loan?

The loan would have appeared on your credit file from when it was taken out, so if they agreed to write it off they wouldn't have specifically told you that it would then appear on your file.
Did they specifically use the words 'write off' in the letter?, banks often wording along the lines of 'no longer pursue you in relation to this debt'.

A notice of correction on your credit file is something you can add, not a lender. If you want to do this contact the credit reference agency. A notice of correction just means that any new potential lender will read your notice before making a lending decision.