Lowell group debt, that I can't remember

fatbelly

Yes, if it was defaulted in August 2010, that infers (it's not guaranteed) that the contractual payments broke down between Feb and May 2010 - it could already be statute barred.

It's also quite possible there was no signed credit agreement or none exists today, if it is an old catalogue debt.

spottycat

fatbelly wrote: »

Yes, if it was defaulted in August 2010, that infers (it's not guaranteed) that the contractual payments broke down between Feb and May 2010 - it could already be statute barred.

It's also quite possible there was no signed credit agreement or none exists today, if it is an old catalogue debt.

You think I should leave it then? I really don't want my rating going down because I didn't repay an old debt.

On investigation I found very is apart of a group called shop direct, they manage these catalogue websites which have all fused together to make the company very. One of these was called marshal ward and I think I'd used them before...but now they're non existent.

I wanted my mortgage applications in by July, my husbands rating is outstanding, only problem is...between us we have never had any credit such as a credit card or loan so we have no rating for them.

fatbelly

The thing is that none of us know exactly how lenders view credit information - all we know is that the 'credit rating' invented by the credit reference agencies is an invention they use to sell their products.

A lender might take little notice of old defaults, or a lot. They might prefer to see settled defaults or it might make no difference.

I would say start making your mortgage enquiries (consider using a broker) and see what you get offered.

If you do write to Lowell, make it clear that you are not acknowledging any debt to them, you are just asking them what it is that is recorded against you because you do not recognise it. It may turn out to be something different from what you are guessing.