Bargaining to have a default removed.

The_Offside_Rule

Good afternoon all,

Has anybody had any success with bargaining to have a default removed?

It is with MotorMile and I have £60 to pay off which I have been in installments, but I can now afford to pay it all off in one go.

If I do reach an agreement with them, what safeguards can I put in place to make sure that they don't do back on their word?

Thank you very much. :money:

sirwiggum

Seems to be a rare thing, the credit file is an accurate record of what happened - ie. you defaulted on repayments.
People have more luck at getting AR markers removed.

rdf1988 wrote: »

If I do reach an agreement with them, what safeguards can I put in place to make sure that they don't do back on their word?

Get everything in writing!

Let us know how you get on.

DalePie

To be fair if the company are going to take off the default they probably will. At the end of the day they only want their money back and once you pay it back they will be happy.

Companies are not people, they don't hold grudges

The_Offside_Rule

My offer is that I pay the two balances off (£100 & £60) in full providing that they remove the default.

Would a simple letter of an acceptance of that offer from them be enough of a safeguard should they not remove the default after all?

Thanks you.

Tixy

Would a simple letter of an acceptance of that offer from them be enough of a safeguard should they not remove the default after all?

It would be enough for you to make a complaint it they did not remove it.

But what the FOS would say about the complaint I am not sure. They may simply agree that the default should remain as a factual record of the account, or they may say that the debt collector should remove the default in accordance with the letter.

m00se1986

I recently managed to get an unsatisfied default removed by Lowell - it was just over 5 years old and was for £49, so it is possible to achieve even if the chances of success are remote! It is certainly worth giving it a try. Good luck!

The_Offside_Rule

m00se1986 wrote: »

I recently managed to get an unsatisfied default removed by Lowell - it was just over 5 years old and was for £49, so it is possible to achieve even if the chances of success are remote! It is certainly worth giving it a try. Good luck!

That's good news. How did you go about it?

m00se1986

My situation was slightly different to yours in that I had never made any payment and had always disputed the debt. I didn't make an offer to clear the balance in exchange for removal of the default (although this is what I planned to try next), I simply explained to Lowell that I continued to dispute the debt because O2 (original owner of the debt) had left me with no service for over a month and that this default for such a small amount was likely to cause me problems obtaining a mortgage in the near future.

I wasn't expecting them to agree to remove it so was very surprised to receive an email back from them saying they were closing the account and would update my credit records - which has now been done.

The_Offside_Rule

Thanks for that. It's given me hope!

neil_9999

I've had quite a lot of success with this, 4 I think - though another 2 I totally failed with!

As above I managed it by totally denying the debt from the outset and asking them to prove it existed and prove they notified and all sorts...

Took a long time and relies on a lot of luck, but it can happen. I think you may have trouble because by paying you "acknowledge" the debt. Try it though!! And let us know how it goes...good thing to know!

The_Offside_Rule

CherlokHomes wrote: »

Excellent while we all pay back what we've borrowed you can just default, Lie and you're sorted...Congratulations I hope it comes back and bite Ya,

Please don't add to my thread if you are only out to attack.

Thanks.