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WeeThistle

Message removed

MrsTinks

Firstly I would contact Vanquis as I'm guessing you didn't actually default in June this year but prior to that? They should put in the correct default date as it's now on there for 6 years from that date. The older it is the better and make sure it's marked as settled! You can then have the argument with them that they agreed to not mark it as defaulted if you like, but I don't know how far you will get with this...

Ironically the 18 months wait might work out -with Brexit looming prices might drop off a cliff when the date for leaving comes nearer...

fewcloudy

So are you not even going to try applying for a mortgage anywhere else because of that?


fc

WeeThistle

fewcloudy wrote: »

So are you not even going to try applying for a mortgage anywhere else because of that?


fc

I'd have thought that all of that is pretty insurmountable to be honest. I know us and know that we are completely sorted and never again will I have debt problems, but lenders will look at that and run a mile. I can't say I blame them!

WeeThistle x

Voyager2002

WeeThistle wrote: »

Many thanks for the reply MrsTinks. You have a good point there about when the default date should be, I'll definitely get him to query that as the payments were being made regularly by about February 2016 if I remember rightly. I highly doubt they'll remove it, they were probably within their contractual rights to default him, even if they said they weren't going to. It's very frustrating when it was paid in full just weeks later. We also didn't receive a default notice, seeing it on his file is the first we've heard which is odd. I'm sure they have an answer for this too...

You could well be right about Brexit! Unfortunately we'll more than likely lose the house we'd seen though. What's for you won't go past you, right?!

WeeThistle x

When Vanquis promised not to 'default' him, did they do so in writing? If so, you have grounds for raising a complaint and potentially taking it to the Ombudsman. That should yield a few hundred in compensation, which ought to make you feel a bit better...

WeeThistle

Voyager2002 wrote: »

When Vanquis promised not to 'default' him, did they do so in writing? If so, you have grounds for raising a complaint and potentially taking it to the Ombudsman. That should yield a few hundred in compensation, which ought to make you feel a bit better...

Nope! It was a telephone conversation so we won't have a leg to stand on. We stupidly presumed that by making the regular payments we were OK.

WeeThistle x

dunstonh

WeeThistle wrote: »

Nope! It was a telephone conversation so we won't have a leg to stand on. We stupidly presumed that by making the regular payments we were OK.

WeeThistle x

Dont assume that.
1 - the call may have been recorded.
2 - it may be an error or oversight that can be corrected by Vanquis

WeeThistle

dunstonh wrote: »

Dont assume that.
1 - the call may have been recorded.
2 - it may be an error or oversight that can be corrected by Vanquis

OK dokey thank you. We'll give it a try, nothing to lose!

WeeThistle x

tonyh66

have you tried speaking to an IFA they might get you a mortgage somewhere else.

Westminster

Also - in your position I would approach a broker as you are basically stabbing in the dark approaching a lender direct with your background.

This is what brokers are good at!

Thrugelmir

WeeThistle wrote: »

3 days later I've just checked my husbands credit file and Vanquis have defaulted his credit card (which was paid off in full in September) in June 2016, even though we were sticking to the agreed payment plan which had been set up and they said they wouldn't.

Why wasn't the balance cleared earlier than this. Doesn't look good that you were saving for a deposit while not repaying a defaulted debt. The term default actually relates to a breach of contractual terms. Not just a default notice. By entering into an arrangement to pay you were in default. This is what will be recorded on your credit files.