Default I wasn't aware of?

Thrugelmir

MoneyEM wrote: »

I'm sure I called them up and asked them to change the name on the account but they are saying there is no notes on the account.

Not possible to simply change the name on an account. The contract was in your name. If you didn't terminate the contract in accordance with the terms and conditions then any balance owing is your liability. Not that you can simply walk away from a liability anyway.

Chalk it up to experience. Settling the default would at least mitigate the damage.

Candyapple

This thread is yet another example of how meaningless a credit score sold by these cowboys is.

MoneyEM

Candyapple wrote: »

This thread is yet another example of how meaningless a credit score sold by these cowboys is.

To be fair, I called Experian and they explained to me that it isn't showing on my score because of the way I have entered in my previous addresses - I have entered them honestly and accurately, but the default relates to a time where I wasn't even living at the address so I hadn't stated that when filling out my info. They have adjusted my report and they should give me a revised credit score tomorrow. Funny thing is that I've never had any problems getting credit while I've had this default in the background... I got a credit card with Santander with a 3k limit, and changed bank account twice, didn't notice there was anything wrong...

Superscrooge

MoneyEM wrote: »

That makes me feel sick I have always paid everything else on time. I had such a rough time back then, moving out because I hated my housemates and trying to study for my final year exams, I should have just closed the account and left them to do whatever, but I didn't... I want to buy a house within the next few months. Doesn't look possible now, definitely not with a good rate anyway. Experian doesn't even pick up on this on their credit score system and still gives me a perfect 999. :mad:

I understand your frustration. Unfortunately if you signed the credit agreement you are responsible for the debt and your cheapest long term solution is going to be to pay it off, especially as you are wanting to apply for a mortgage

I would also consider adding a notice of correction to your Experian File. Below explanation is from the Experian website.

A Notice of Correction is a short (200 words max) explanatory note you can add to an entry on your credit report to explain the background to that information. Anyone searching your report in the future or who has seen it in the previous six months will see the Notice of Correction, and they must take account of it when you apply for credit

http://www.experian.co.uk/consumer/faq/AR5.html

If everything else about your credit history is OK. It should still be possible for you to get a mortgage.

MoneyEM

Superscrooge wrote: »

I understand your frustration. Unfortunately if you signed the credit agreement you are responsible for the debt and your cheapest long term solution is going to be to pay it off, especially as you are wanting to apply for a mortgage

I would also consider adding a notice of correction to your Experian File. Below explanation is from the Experian website.

A Notice of Correction is a short (200 words max) explanatory note you can add to an entry on your credit report to explain the background to that information. Anyone searching your report in the future or who has seen it in the previous six months will see the Notice of Correction, and they must take account of it when you apply for credit

http://www.experian.co.uk/consumer/faq/AR5.html

If everything else about your credit history is OK. It should still be possible for you to get a mortgage.

I spoke to Virgin Media and I have asked them to remove the default if I pay up, which I did, she then gave me a reference number to send an email to the credit amendments team so they can correct my file, i did confirm with her that it would be "removed" not "settled" which she agreed with, but I don't see it being that easy in practice...

I have 2 credit cards, one with a limit of 3k, and the balance is usually around £700 which is paid off in full every month, I pay for a mobile contract, utilities... all fine...

fruitisbad

MoneyEM wrote: »

, i did confirm with her that it would be "removed" not "settled" which she agreed with, but I don't see it being that easy in practice...
.

did you get that in writing before paying?

Candyapple

MoneyEM wrote: »

I spoke to Virgin Media and I have asked them to remove the default if I pay up, which I did, she then gave me a reference number to send an email to the credit amendments team so they can correct my file, i did confirm with her that it would be "removed" not "settled" which she agreed with, but I don't see it being that easy in practice...

I have 2 credit cards, one with a limit of 3k, and the balance is usually around £700 which is paid off in full every month, I pay for a mobile contract, utilities... all fine...

Let's hope for your sake they do, although you would have thought you would have learnt from not just your history with this company, but also reading the posts above when contacting companies to keep everything in writing so you have proof in case anything goes wrong. :wall:

Keep us updated as to what happens.

MoneyEM

fruitisbad wrote: »

did you get that in writing before paying?

i was wary of this, but when I asked if I could have written proof or perhaps and email to confirm what was said, she said she has "no powers to send emails" and it had to come from the credit file amendments team. I did feel really uneasy about paying it there and then, but at least if I can say that I paid it as soon as it appeared on my credit report it would look better on a notice of correction compared to if I had not...

really?

Bit late to the party, but I’ve read on here that different credit providers use different credit reports –sometimes independently (there’s a whole article designated to it somewhere)-, so if you apply for a company who only checks with Experian then you’ll probably get accepted for credit because your default isn’t showing on your Experian report, this -I suspect- is part of the reason you were able to obtain credit in spite of it being on one of your files.
I assume that since you rang them it has been logged on your file and this loophole is now closed?
I’ve also read on here that some credit providers are more lenient towards telecommunications defaults? So that might be worth looking into.
Also keen to hear how you got on with getting the default wiped from your record by Virgin?

GingerBob_3

really? wrote: »

Bit late to the party, but I’ve read on here that different credit providers use different credit reports –sometimes independently (there’s a whole article designated to it somewhere)-, so if you apply for a company who only checks with Experian then you’ll probably get accepted for credit because your default isn’t showing on your Experian report, this -I suspect- is part of the reason you were able to obtain credit in spite of it being on one of your files.
I assume that since you rang them it has been logged on your file and this loophole is now closed?
I’ve also read on here that some credit providers are more lenient towards telecommunications defaults? So that might be worth looking into.
Also keen to hear how you got on with getting the default wiped from your record by Virgin?

Interesting. Of course, any lender worth his salt would totally disregard them, given the number of errors perpetrated by these bozos.