help removing a satisfied default for a credit card

bongo2304

I hope someone can help!... I was refused credit recently, which was strange because I've never had problems before. When I investigated I saw a default for £190 on an old credit card. About 2 years ago I was in a position to pay off all of the 5 credit cards I had and close the accounts. It must have been an oversight that this account wasn't properly closed even though I paid the outstanding balance and destroyed the card. I think there must have been a subscription on there but I am no longer able to see the online statements. As soon as I found out, I contacted them and paid the balance, so this now appears as a 'satisfied default'....no better than a default!

After some research on here and learn money, I tried sending a letter asking them to remove it explaining the circumstances and because it was for a relatively small amount etc etc. This was denied.

I then used some business contacts who work for the bank in question to approach it from the inside, but this was unsuccessful too. I received a letter explaining that they sent me all the correct letters and notices and that it will remain on my file for the next 6 years.

Where do I go from here? Am I out of options? I don't remember receiving any default notices - I would have paid it straight away!...The idea of not being able to upgrade my mortgage or car for the next 6 years is depressing!

Any help much appreciated!

[Deleted User]

bongo2304 wrote: »

The idea of not being able to upgrade my mortgage or car for the next 6 years is depressing!

I doubt it will be quite that bad, assuming you generally manage your finances ok.

But there is likely to be little you can do about the default, if procedure had been followed. A satisfied default is better than an unsatisfied one though.

Hutch100uk

Ask them for copies of the default notices they sent you!

Superscrooge

bongo2304 wrote: »

Ithis now appears as a 'satisfied default'....no better than a default!
...The idea of not being able to upgrade my mortgage or car for the next 6 years is depressing!
Any help much appreciated!

A 'satisfied' default will look better to a prospective lender than an 'unsatisfied' default.

If the rest of your credit history is in order, one satisfied default is unlikely to be as bad as you fear.

PaulW922

I think that you need to find out what the £190 relates to first? The card company should be able to send you statements