Omg - default registered on my credit file - is this alowed?

PaulW922

To go back to your original question - the fact that the account is continually updated with a default does not make a difference - what matters is that the default date itself is correct. I would check that the updates reflect the correct outstanding balance.

chanz4

shes not an underwriter and been a high bal, unsettled...

Thrugelmir

Danniella wrote: »

I guess the best thing to do is to call Marlin and ask them, if i pay in full, will they please take it off?

If this was the case would make credit reference agency data useless to lenders.

UsetheFORCE

If this was the case would make credit reference agency data useless to lenders.

If this was the case? They do remove items like DEFAULTS, money talks! I have had a few removed previously myself!

Anyway, you can but try....

Ann1984

the information is correct, the date of default is as it should be and the d will be updated every month until it changes...before that therell be nothing or U for not updated.

sounds liek you were just lucky it wasnt on until now.

Unless you do something it will stay like that til 2016 - 6 years after the default so it would be worth sorting it out, id imagine the fees are huge after all this time but they may make an offer x

Ann1984

Danniella wrote: »

I spoke with our bank today who said i really shouldnt worry about this, the fact that it is an old default and the fact we have an excellent account with them. She doesnt see it as being a problem but she is going to double-check and call me back tomorrow.

I would like to believe this but i am not sure.

I guess the best thing to do is to call Marlin and ask them, if i pay in full, will they please take it off?

There is nothing else on any of the other reports which present a problem. We are so close to getting this new mortgage (a bigger house for us all as we have totaly outgrown this one) and i dont want anything to cause us a problem.

i wouldnt trust that, i had a default for £349 from british gas, everything else was spotless and this default was an error...that alone stopped me getting a loan for just £5000. You really need to sort it. If you pay it they will mark it as settled and should remove the default.

boo_star

Ann1984 wrote: »

i wouldnt trust that, i had a default for £349 from british gas, everything else was spotless and this default was an error...that alone stopped me getting a loan for just £5000. You really need to sort it. If you pay it they will mark it as settled and should remove the default.

I agree, I expect the OP spoke to Customer Services. As much as they mean well, they're generally very poorly trained on things like risk management and even how their own lending department views things.

I wouldn't be at all surprised if the OP has a "no lending" marker on their account.

Danniella

boo_star wrote: »

I agree, I expect the OP spoke to Customer Services. As much as they mean well, they're generally very poorly trained on things like risk management and even how their own lending department views things.

I wouldn't be at all surprised if the OP has a "no lending" marker on their account.

Spoke to my bank's mortgage advisor today who said that whilst the debt is still owing, she would not put it before the underwriters because they would just reject it straight away.

Going to speak to Marlin tomorrow, pay the debt in full and beg them to remove the default.

Should i get this agreement in writing before i pay it? I have heard some horror stories about paying in full agreements being made and then the default is still not removed. I cant afford for anything else to go wrong - its making me quite ill.

Many thanks for all of your replies.

Thrugelmir

Danniella wrote: »

Going to speak to Marlin tomorrow, pay the debt in full and beg them to remove the default.

Should i get this agreement in writing before i pay it?

Sorry that's not how the game is played. There's absolutely no obligation to remove the default. If you don't pay. Marlin may well still come after you.

Gaz83

Thrugelmir wrote: »

Sorry that's not how the game is played. There's absolutely no obligation to remove the default. If you don't pay. Marlin may well still come after you.

In fairness, she did say she was going to pay the debt in full, then ask (beg) them to remove the default.

That being said, anecdotal evidence on here would suggest lenders are more likely to remove a default on someone who has been genuine and honest from the get-go, doing their best to settle their obligations, rather than those who have done what the OP appears to have done and ignore the debt as it didn't show on her credit file.