Settlements and affect on credit files

happy_bunny_2

For any cards or loans taken out before April 2007, worth a CCA request. Without it, can't get a CCJ if defended, easier to negotiate a lower settlement figure then.

The_Boss

gradute wrote: »

I tell ya what, it's pretty bracing seeing it all laid out like that. What do we think, should I be happy with these discounts or push for a bigger chunk? After all the less money my sister has to pay out the better really.

You're already making a nice profit on your debts so just pay the offered amount and be happy that your sister can bail you out.

gradute

happy_bunny wrote: »

Barclaycard should have defaulted at the very latest when it was sold. Complaint time...

From what I'm reading on Noddle, Barclaycard had it as arrears from Jan 2011 to Sept 2011 when it changed to Debt Assigned and then IDR/Link have had it as 6 months late on every status since then,

What would I be complaining about I'm not sure? Sorry if I'm being thick

happy_bunny_2

gradute wrote: »

From what I'm reading on Noddle, Barclaycard had it as arrears from Jan 2011 to Sept 2011 when it changed to Debt Assigned and then IDR/Link have had it as 6 months late on every status since then,

What would I be complaining about I'm not sure? Sorry if I'm being thick

Does the IDR entry have a default date? It should have.

You are not being thick!

HB

gradute

If IDR doesn't have a default date and just late payments notices, should I bother raising it, just thinking back to the earlier post of saying its better to have late arrears than a default notice?

happy_bunny_2

The 6 months late ones? If they are still being reported as that, they will affect you for 6 years from when the account is fully paid.

If a default is put on in 2011, it will be gone in 2017.

gradute

SO! After many conversations with IDR and Experian it looks like Barclaycard in 2011 sold the Debt to IDR but they sold it as a 6 months late status.

IDR have continued to report it as 6 months late despite receiving payment as that's the status they received the account in.

IDR said it was because the original tersm of payment weren't met so it will be continued to be reported as 6 months late.

Experian have said that they are within their rights to be able to do this.

I'm a little baffled by it but does that seem right?

happy_bunny_2

gradute wrote: »

SO! After many conversations with IDR and Experian it looks like Barclaycard in 2011 sold the Debt to IDR but they sold it as a 6 months late status.

IDR have continued to report it as 6 months late despite receiving payment as that's the status they received the account in.

IDR said it was because the original tersm of payment weren't met so it will be continued to be reported as 6 months late.

Experian have said that they are within their rights to be able to do this.

I'm a little baffled by it but does that seem right?

No they cannot. formal complaint, to IDR in writing. If rejected, refer to FOS.

The ICO default guidelines clearly state the indicators of a default and selling the account is one of those. So at the very latest, it should be defaulted the day it was sold, maybe earlier.

gradute

happy_bunny wrote: »

No they cannot. formal complaint, to IDR in writing. If rejected, refer to FOS.

The ICO default guidelines clearly state the indicators of a default and selling the account is one of those. So at the very latest, it should be defaulted the day it was sold, maybe earlier.

Is there a template letter I can use for such a complaint?

happy_bunny_2

Not really.

Just say you wish to make a formal complaint.

Include a short description of each issue and what you expect them to do to correct it.

Send signed for or proof of posting. If you get proof of posting, mention this in the letter.

Also state that if they ignore you, will be referring to FOS after 8 weeks.

Simples...no flash wording or legalese required.