Nat West on AP for 6 years,Need a retrospective Default

dumpyboy

Thrugelmir wrote: »

Don't buy this argument. BR has severe implications in so many ways. Not least employment.

You have to ask the question why people spend many years on an AP? Is it because they treat it like an interest free loan. So rather than repaying it promptly they delibrately extend it out. Doesn't apply to all. However there's considerable abuse.

My personal favourite. After the AP is completed. A deposit for a mortgage magically appears. :think:

The use of A R markers are abused by credit providers as well if you read my threads I went on an arrangement in early 2008 after losing my job the balance kept going up till 2009 as they stilled charged interest, FOS stopped the interest and refunded a rise from 18 .9 to 39 .9 in 2006. I have do tried to return to normal payments from 2009 one account now paided but because of the 12 year arrangement they put 1 pound on the account and take 1 pound I will have 5 years of that plus 6 of it being reported

speedbird1

I sympathise with you there.

Definetly abusive use of AP markers.

Genuine customers who through no fault of there own who like yourself lose their job then are unable to pay,seem to be treated with total disrespect.

I personally was told that the AP would have no detrimental impact on my credit file as long as I maintained payments.

All my other credit accounts for the past 6 years are up to date with no late payments,yet I am looked at by potential creditors in a worse light than those that filed for BR at the same time,

In my personal case NatWest have incorrectly reported data for 6 years,although I agreed to a lower repayment,for many years at £200 per month,against original contractual payment of £307,they have continually reported 6 code markers set against original payment,so in effect any creditor searching my file would see very inaccurate information,hence my inability to gain credit.

If you look at ICO guidelines it states if arrangement long term is made then the reporting of payment his story should be set against new repayment figure.

Clearly Nat West in the case are at fault and tomorrow I shall argue my case.

dumpyboy

speedbird1 wrote: »

I sympathise with you there.

Definetly abusive use of AP markers.

Genuine customers who through no fault of there own who like yourself lose their job then are unable to pay,seem to be treated with total disrespect.

I personally was told that the AP would have no detrimental impact on my credit file as long as I maintained payments.

All my other credit accounts for the past 6 years are up to date with no late payments,yet I am looked at by potential creditors in a worse light than those that filed for BR at the same time,

In my personal case NatWest have incorrectly reported data for 6 years,although I agreed to a lower repayment,for many years at £200 per month,against original contractual payment of £307,they have continually reported 6 code markers set against original payment,so in effect any creditor searching my file would see very inaccurate information,hence my inability to gain credit.

If you look at ICO guidelines it states if arrangement long term is made then the reporting of payment his story should be set against new repayment figure.

Clearly Nat West in the case are at fault and tomorrow I shall argue my case.

Do not hold your breath over the ico guidelines about long term new repayments term they told me that's what the ar meant from 2009 and the arrears were cleared

speedbird1

Perhaps you can advise me how they reported your AP on your file.

Did they report repayments using the agreed lower repayment,together with the AP marker.

On my file it states,

Arrangement,with 666666 markers
Set against Original £307 repaymement.

Also since last year in the status field they now report "Delinquent"

rizla_king

ICO: "A record showing a series of payments as six months in arrears when this does not reflect the real payment history should not be used as an equivalent of a default.

speedbird1

So if you have 6 years of these 6 late payment markers,in my case in no way reflects the real payment history.
So what I need to argue is back in 2009 the account should have been marked with a default,governed by the ICO guidelines pre 2014!

dumpyboy

speedbird1 wrote: »

Perhaps you can advise me how they reported your AP on your file.

Did they report repayments using the agreed lower repayment,together with the AP marker.

On my file it states,

Arrangement,with 666666 markers
Set against Original £307 repaymement.

Also since last year in the status field they now report "Delinquent"[/QUOTE

Mine you 2 cards with mbna from December 2007 they started at 123456 then stayed at 6 till after a complanet to fos in 2009 about the interest being hiked from 18.9 to 39.9 ,I had it upheld the difference paided back all this time the arrears climbed to about 3000 pound after that on experin they had an arrangement header with green Ar markers on eqiufax the headline is red arrangement ( payments not made to contractual payment) and a grey ar marker the one I cleared shows a pound being added and a pound paided with a green ar boyh this accounts have a credit limit of 11500 still showing as a limit thou took cards away 2007 something else I can not get takeing away. The loan with barclays show 123 ar for i year then went back to normal payments and settled in July 2011 barclaycard 123456 then returned to interest and normal payments 6665544320 settled nov 2011 mbna are real pain

speedbird1

rizla_king wrote: »

ICO: "A record showing a series of payments as six months in arrears when this does not reflect the real payment history should not be used as an equivalent of a default.

So it's very clear cut then in my case.

All those code 6 markers should have not been used as an equivalent to a default.

Very naughty NatWest.

meer53

Make an official complaint with Natwest and leave it to them. If you're not happy you can then take it to the FOS. Be prepared for a long wait.

speedbird1

Sure will,this has being going on long enough.

It appears that there are a few Templates on this forum,just have to do a bit more research then.

I guess a written complaint is better than speaking to them,any views?