Default preventing employment

DreamTeam78

Hi folks,

First time posting as I'm looking for some advice on an issue I have with a default on my credit file.

The default is from the student loans company and was issued in June 2009. They wanted me to start repaying the loan however I wasn't in a position to start paying them the amount they requested. I offered to pay what I felt I could afford but they rejected. In the end I had to get help from my family and paid off the outstanding balance in 1 payment in December 2009.

From this a default notice has been placed on my file and I don't really recall anything being sent to me.

I've not really been aware of it as I've since been able to get a mortgage, finance for purchases and open bank accounts etc however it has now become an issue.

In the credit checks performed prior to me joining a bank as an employee the default has been flagged and they are not going to offer me the position. What makes it doubly gaulling is the fact I've worked with the bank for the previous 2 years! I've worked as a contractor and the new role is also as a contractor however now they are woried about the default.

So, is there any way I can get the default removed? How long would it take?

I just can't believe that this can stop me working for the bank. Apart from this 1 default my file is perfect.

Sorry for the long winded post. Any help would be much appreciated.

National_Debtline

Hello there.

The only way that a default can usually be removed is if has been placed on your file incorrectly. If the deault is an accurate reflection of a point in time, and the student loans company have had your permission to process your credit file it is likely that you may not have much to challenge.

Have you asked the bank if they would consider your application any further? They have two years of working with you that I would hope that they would consider.

The default will fall off after six years.

I do hope you can get this sorted,

David @ NDL.

happy_bunny_2

Have you explained the circumstances to the bank?

If you are open about the default with them, they may be more understanding.

Not an expert on student loans, but I thought you paid certain amounts depending on earnings. Was what they were asking for in line with that?

Even if incorrectly applied, can take a while to get removed so won't be any immediate help.

Have a read of the agreement, or SAR them if you don't have it.

Homeagain

I can't help you, I am so sorry but I think this is disgraceful - you should not be penalised for past mistakes especially in your circumstances.

mattyprice4004

Homeagain wrote: »

I can't help you, I am so sorry but I think this is disgraceful - you should not be penalised for past mistakes especially in your circumstances.

Why? They didn't pay - that's exactly what a default is there to show.
It's disgraceful that the company are using the credit record system correctly by noting no payment was received. So disgraceful.

The point of the system is to show (amongst other things) past mistakes, as the person would be more likely to encounter the same issues again.

sirwiggum

Since when did the Student Loans Company appear on credit files?

Their repayments are based on earnings, and are taken out as PAYE.

Anyhow, there are jobs which ask for credit checks - I've been put off applying for some jobs when I had defaults.