Debt reflection 8 years on

dumpyboy

Today I reflected on the last 8 years , I took a further card out and by the the end of 2006 I owed 72000 entered a pay for dmp learned very quickly that all the rules laid do not apply when you in debt complain about your treatment told prove it had defaults threaten with court phoned 22 times a day from 8 in the morning to 9 at night thought things would improve never have today it dropped to be low 10000 what have I learned tesco use the police to threaten you at home with the pretence they had to send them round to check you are okay 1st credit what ever they say they mean the opposite Capitol one says we except your offer then an hour latter phoned and threaten court when you get fed up with there game tell them to do it then say you going to defend they except a 10 per cent full and final and last the ones that have taken the greatest pleasure in mental torture Mbna thank you for 8 years of pure hell you were pulled up by the oft told to improve but still do the same why no government body ever got the guts to deal with you I will never understand so 8 years on is it better well I owe under 10000 now still have not got a proper bank account can not have a contract phone looking at being credit blacklisted for life ( yes I know people on here tell you n such thing but the last year sure taught me there is) will the next 8 years be better i doubt it but thanks for the information on here it has made a small change

FireWyrm

You do understand the concept of a full stop right?

Heffi1

And paragraphs, that is one awful wall of text to try to read, try breaking it down into passages and then people will be able to help a bit more.

sourcrates

Seems you've had a rough time, and I can concur with your description of the DCA`s you mention.
However, you seem to be tackling the debt well, and, despite how it may look, there is no "credit blacklist", once you have it under control, have the majority of it cleared, and are making regular, on-time payments, you may well be considered for further credit.
Lenders typically look at your last 3-6 month credit history when applying for phone contracts etc, of course there are many factors involved, every lenders criteria is different.
For example Orange are about the easiest network to get a contract with, but suffer from atrocious customer service.
Give it time, things will improve.

dumpyboy

sourcrates wrote: »

Seems you've had a rough time, and I can concur with your description of the DCA`s you mention.
However, you seem to be tackling the debt well, and, despite how it may look, there is no "credit blacklist", once you have it under control, have the majority of it cleared, and are making regular, on-time payments, you may well be considered for further credit.
Lenders typically look at your last 3-6 month credit history when applying for phone contracts etc, of course there are many factors involved, every lenders criteria is different.
For example Orange are about the easiest network to get a contract with, but suffer from atrocious customer service.
Give it time, things will improve.

You say there is no credit blacklist like many on here but no one explain why a new building society that had no links to any one I owed money to refused bank account siteing a 2007 default.

Everything's gone from my credit file except mbna ar which I stuck with for 18 years so I do not see how things can improve

sourcrates

dumpyboy wrote: »

You say there is no credit blacklist like many on here but no one explain why a new building society that had no links to any one I owed money to refused bank account siteing a 2007 default.

Well you just answered that yourself, because you had a default.
Was there a CCJ registered for this default ?
Banks share information, plus your credit record contains information on how you have conducted your credit accounts.
This may still of been showing somewhere.
Everything is expunged from your file after a
period of exactly 6 years, after which it will be like it was never there.
Banks only go on what is registered on your file, once its gone, its gone, no one is there scribbling down your name saying "were not giving him credit again".


Case in point, take myself for instance, my largest creditor 6 years ago was the bank I am with again now.
I owed them £16000, the proceeds they received from my IVA was a little over 2k, the rest written off.
A week after my IVA was removed from my file, I re-applied to them for a current account.......and was accepted, they had no previous records of me, as they were expunged from my file, I was regarded as a new customer, so I have to disagree with you on that one.

dumpyboy

There was no ccj the default was removed from credit files on 6 years march 2013 the application was 2014 well after the 6 years people on here told me that banks in the same group shared information went for one totally independent still came back with that from 2007

dumpyboy

Thought I update this, got a call from my bank got to go in tomorrow for a reveiw seems, I now going to lose my current account after 9 years, thought most things were settled now credit report now shows mbna settled and all the the 6 s. Gone but to say subject to special arrangement as per ico agreement but dated so one will be gone in just over 4 years and one in under 5 years

dumpyboy

Just back , do not meet the requirements for the flex basice account been up graded to flex direct 5 per cent interest for one year ,cheque book which I been denied for years, not only that I qualify for there select credit card cash back two thousand pound limit,
One hell of a turn around in two months ,only change mbna accounts marked settled and all the 6 s monthly staus changed to green,
In total shock

sourcrates

dumpyboy wrote: »

Just back , do not meet the requirements for the flex basice account been up graded to flex direct 5 per cent interest for one year ,cheque book which I been denied for years, not only that I qualify for there select credit card cash back two thousand pound limit,
One hell of a turn around in two months ,only change mbna accounts marked settled and all the 6 s monthly staus changed to green,
In total shock

You see, no credit black list, no gremlins or men in black.


Take care how you treat credit again, very tempting to go mad with your new found spending power.

glentoran99

dumpyboy wrote: »

You say there is no credit blacklist like many on here but no one explain why a new building society that had no links to any one I owed money to refused bank account siteing a 2007 default.

Everything's gone from my credit file except mbna ar which I stuck with for 18 years so I do not see how things can improve

how are you stuck with it for 18 years? If you stopped paying them they wouldn't be long defaulting you. Why accept an AR for 18 years, stop paying, get it defaulted and sold on