Default from Lending Stream

MD86

Hi, I wondered if any of you guys could advise me what to do next?

In 2012 I received a debt collection letter stating I owed Lending Stream money from 2010. Apparently the debt was £120 but due to interest was £444.50. I asked for proof and never heard back from them.

Then in Nov2013 I checked my credit file and there it is, a default from Lending stream. Credit expert got in touch on my behalf but then said I need to deal with them.

Apparently I did owe them one final payment (which I cannot even remember) and they claim they sent a notice of default by email and post - again nothing I can remember.

I offered them a deal in that I would pay £270 in return for them removing the default from my file. They keep asking for their money now but refuse to withdraw the notice of default, even though I am certain they never even tried contacting me, claiming their money or any of that. It has taken over 3 years and me to contact them to even try and sort this matter.

Any ideas as to what I should do next as I really need this default removed from my account!

Tiddlywinks

MD86 wrote: »

Hi, I wondered if any of you guys could advise me what to do next?

In 2012 I received a debt collection letter stating I owed Lending Stream money from 2010. Apparently the debt was £120 but due to interest was £444.50. I asked for proof and never heard back from them.

Then in Nov2013 I checked my credit file and there it is, a default from Lending stream. Credit expert got in touch on my behalf but then said I need to deal with them.

Apparently I did owe them one final payment (which I cannot even remember) and they claim they sent a notice of default by email and post - again nothing I can remember.

I offered them a deal in that I would pay £270 in return for them removing the default from my file. They keep asking for their money now but refuse to withdraw the notice of default, even though I am certain they never even tried contacting me, claiming their money or any of that. It has taken over 3 years and me to contact them to even try and sort this matter.

Any ideas as to what I should do next as I really need this default removed from my account!

They don't need to remove the default - as far as they are concerned it is a true reflection of the account.

MD86

Tiddlywinks wrote: »

They don't need to remove the default - as far as they are concerned it is a true reflection of the account.

So they just get to post what ever on my file, not get in touch for over 3years years and when I offer them a deal, they can turn it down?

Doesn't seem to be all that fair or make much sense.

Surely there is a way to clear it off my file and pay them - everyone wins then!

fevlo

MD86 wrote: »

So they just get to post what ever on my file, not get in touch for over 3years years and when I offer them a deal, they can turn it down?

Doesn't seem to be all that fair or make much sense.

Surely there is a way to clear it off my file and pay them - everyone wins then!

You missed a payment and they added a Default to your file
It is a fair reflection of how the account was managed.

IMO your highly unlikely to get them to remove the Default, you missed a payment, they have a legal obligation to report accurate information, removing the Default would not be an accurate reflection of how the account was managed.

carol06

hey, I'm wondering if anyone can help me. If I have settled my accounts in my credit report and they show as defaulted can I ask for this to be removed to increase my credit score and help with mortgage application? Any help or advice would be appreciated

grandplonker

Carol06, welcome. You need to start a new thread because you're trying to raise a different topic to what we're talking about here (MD86's problem).