Getting small default removed

benbrownlol

Hey everyone, I was wondering If I could get some advice from the people on here, I recently got a default on my credit report for £88 BCW Group (Gothia) Ltd that were acting on behalf of QuikQuid.

I stupidly took out a QuikQuid loan of £528 then lost my job and rang them and arranged to pay it back over 6 months at £88 per month, they were fine with this and I paid them all on time, or so I thought. They claim I missed a payment and handed my account over too Gothia Ltd.

They rang me and asked for the money and I told them I had already paid the money and they said they would get intouch with QuikQuid to confirm this then they would get back to me.
This took a long time and I kept emailing them and asking what was going on and they kept saying they are will waiting for a reply from QuikQuid.

This took so long they put my account into default and reported this to the credit report agencies, after this they got back to me and proved that I did infact owe QuikQuid £88 (The last payment had not left my account when I was under the impression that it had so thats my fault). And I have since paid Gothia the £88 and they have marked my default as satisfied.

Now im only 22 years old and before this I had a good credit rating, I have a loan with natwest with £4000 left to be paid over the next two years and have not missed a single payment off that loan for the past 3 years and have no other creditcards/loans.

I want to try and build my credit rating over the next 3-4 years so when I try to get my own place I can get a half decent morgage but I cant get credit anywhere since this default. I even got declined from Vanquis :eek: and its really starting to bug me, I just want to get myself out of this hole but noone will give me a chance.

I've been reading that its possiable to get small defaults removed as a gesture of goodwill, Can anyone give me any advice on this? Is it best to do it via Post or Email? How should I word it?

Is it normal for one default to mess you up this badly?


Sorry for the wall of text, Any help would be great. Oh and for some reason the Default Balance on my Noodle report says £452.... Thats not right is it???


Thanks, Ben.

forgotmyname

The best time to negotiate the default being removed is when you offer the payment.

Why would they want to remove it now? No benefit to them.

You need to check if the £488 is the default from the original QuikQuid loan you could not keep up the payments on. Not just the outstanding £88.

benbrownlol

I did ask that at the time of payment, I said ill pay the full amount now If you remove the default and they just bluntly said they cant do that. Does this mean they probably wont do it as a goodwill gesture?

I knew I should have stood my ground on that, I just wanted to get it paid asap :mad:

And I did think that the amount shown would be the amount origianlly owed to QuikQuid, But that shouldnt be the Default Balance surely because I had already paid 90% of it before the default was issued.

Gordon_Hose

If the default was recorded correctly there's zero chance of getting it removed as it reflects your account conduct, if they removed it they'd be lying about how you operated your loan account with them.

sirwiggum

Little chance of getting a default removed.

It'll remain on there for 6 years from default date.

It wont stop you getting credit, it'll just make credit more difficult to obtain, and the credit you do get will likely be smaller amount and higher APR.

Keep paying off your loan, at least it will show that you are usually fine with servicing a large-ish debt.

TBH if you need to use payday lenders and have little job security, it will probably help to have reduced access to credit for a while, as then you can budget in your means and get into a savings mindset, which will help towards future mortgage.

I've been there. It's not easy, but time heals your credit file.

benbrownlol

Yeah I've got a decent perm job at a web design company and I hardly ever use PayDay loans, about 3 times last year when I was going through a few temp jobs and this was before I knew they are bad for the credit rating, I always paid them back early (part from the one in question) and I actually thought it was good for your credit score... Stupid Me.

I can budget and always have 200-300 left over at the end of the month for my savings, I just want to get my credit score up so I can get a good mortgage in the future, I was just looking for a £100 Credit Card that I could pay off in full every month.

Ill wait 6 months and try again, Im shocked that 1 default for such a tiny amount can destroy for file to the extent of getting shut down by every credit company out there.

Knalchemist

It isn't the amount of the default, it's the fact that you have one in the first place that affects borrowing.

macman

And the fact that, with far less credit available than is wanted, it's a seller's market, and they can pick and choose people with a a clean record.

ValHaller

If you had a genuine active dispute, you should not have been defaulted until the dispute was resolved and you had a fair opportunity to pay IMO. Do you have correspondence to show that the account was in dispute or was it all by phone?

benbrownlol

It was by email and phone, So I have the emails showing this yeah.