We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Default after lots of missed payments
jimmypounder
Posts: 15 Forumite
Hi,
After many years trying to sort my debts out I am now starting to see settled defaults disappear from my credit file :j
I expect that all will be gone in the next 2 years and i'll have a much better looking file...
I have noticed that 2 creditors took an "age" to register defaults against me.
Is it possible to challenge the date of the default, insisting that this should have been registered much sooner, hopefully meaning the default will disappear from my credit file sooner?
Look forward to hearing from you.
James
After many years trying to sort my debts out I am now starting to see settled defaults disappear from my credit file :j
I expect that all will be gone in the next 2 years and i'll have a much better looking file...
I have noticed that 2 creditors took an "age" to register defaults against me.
Is it possible to challenge the date of the default, insisting that this should have been registered much sooner, hopefully meaning the default will disappear from my credit file sooner?
Look forward to hearing from you.
James
0
Comments
-
jimmypounder wrote: »Hi,
After many years trying to sort my debts out I am now starting to see settled defaults disappear from my credit file :j
I expect that all will be gone in the next 2 years and i'll have a much better looking file...
I have noticed that 2 creditors took an "age" to register defaults against me.
Is it possible to challenge the date of the default, insisting that this should have been registered much sooner, hopefully meaning the default will disappear from my credit file sooner?
Look forward to hearing from you.
James
Yes it is possible, send a written complaint to the lender stating the reasons why you beleive the default date is incorrect.I’m a Forum Ambassador and I support the Forum Team on the Debt free wannabe, Credit file and ratings, and Bankruptcy and living with it boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.For free non-judgemental debt advice, contact either Stepchange, National Debtline, or CitizensAdviceBureaux.Link to SOA Calculator- https://www.stoozing.com/soa.php The "provit letter" is here-https://forums.moneysavingexpert.com/discussion/2607247/letter-when-you-know-nothing-about-about-the-debt-aka-prove-it-letter0 -
Thank you Sourcrates.
For one of the lenders I stopped payments in June 2010 and a default wasn't registered until late April 2011.
Do lenders have an obligation to register a default after a certain amount of missed payments?
Or should I just chance my arm with it?
Many thanks
James0 -
Read carefully through the info here --> https://forums.moneysavingexpert.com/discussion/3172602
If you don't think they have reported within the time scales set down there, then as said complain, saying that unless amended you will be taking them to the ombudsman and ICOFree/impartial debt advice: National Debtline | StepChange Debt Charity | Find your local CAB
IVA & fee charging DMP companies: Profits from misery, motivated ONLY by greed0 -
hi
I am in the same position with two accounts with the same creditor (lloyds)
my dmp started in sept 2009 these accounts did not default until 2011 ,it is something you dont really think of until the other accounts fall off after 6 to 6 and a half years0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.7K Banking & Borrowing
- 253.8K Reduce Debt & Boost Income
- 454.6K Spending & Discounts
- 245.8K Work, Benefits & Business
- 601.8K Mortgages, Homes & Bills
- 177.7K Life & Family
- 259.7K Travel & Transport
- 1.5M Hobbies & Leisure
- 15.9K Discuss & Feedback
- 37.7K Read-Only Boards