Payday loan default notice query

freeofdebt1

Hi,
I have asked a payday loan company to remove a default entry on my credit file from a few years ago, they have declined stating it would undermine the quality of their data submission to the CRA. In my complaint to them I stated I never received any default notice in relation to this debt, in their reply they didn't admit sending one. As a result I suspect they know they didn't. Do they legally have to send a default notice and should I complain now to the FOS?
Thank you

Thomas_The_Tank_Top

Did you default or not?

If you defaulted why do they need to send you a notice? You already know you didn't keep to your side of the credit agreement by not paying.

Complain to the FOS that you didn't pay. Good one.

GingerBob_3

Thomas_The_Tank_Top wrote: »

Did you default or not?

If you defaulted why do they need to send you a notice? You already know you didn't keep to your side of the credit agreement by not paying.

Complain to the FOS that you didn't pay. Good one.

If you actually read what the OP said, he asked if he should complain that they didn't send him a default notice. Well p..., should he?

pappa_golf

but they will answer that they posted one to him

PaulW922

A default at a CRA (ie status 8) means a relationship between lender and borrower has broken down. The most common trigger for a default status is a notice under the CCA but it does not have to be. For example, an overdue overdraft will never have a DN issued, but will result in several warning letters.

In this case, unless you are saying you did not default on the loan I am afraid I think you are wasting your time, because the information is not actually inaccurate -

National_Debtline

PaulW922 makes some good points.


To clarify, a default on your credit file and a default notice being issued in the post are 2 separate things. A default notice would be sent to you in the post before the lender can take action against the debt in the county court. A default is recorded on your credit file for the reasons PaulW922 has stated.


Unless you can demonstrate that the loan did not default I am afraid it is very unlikely the default would be removed - only incorrect data can be removed from your credit file. Good luck OP.


Laura
@natdebtline