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Default advice/help
mds303
Posts: 28 Forumite
Hello
In 2014 I contacted Stepchange, as my circumstances at home had changed and my debts were very high.
They advised me to go onto a DMP to get things under control. I contacted my creditors and all was agreed.
I stuck to it religiously and in 2016, we decided to sell our house and use some of the equity to settle my debts (in full) and keep the rest for a mortgage further down the line.
One month before the sale of my house was complete Tesco sold my debts (a ccard & loan) to Hoist Portfolio, I wrote to them explaining that i was on a DMP and would continue with my payments until my house was sold.
A moth later I called all my creditors and settled in full. Phew!
Well, 9months down the line and debt free I had a look at my credit report, only to see that Hoist Portfolio put two default notices on my account, which has utterly trashed my credit score and meant that I have to wait 6yrs to come off. Is there anything at all that I can do, as I thought i was being responsible and tackling my debt instead of hoping it would go away.
Sorry for the long message.
In 2014 I contacted Stepchange, as my circumstances at home had changed and my debts were very high.
They advised me to go onto a DMP to get things under control. I contacted my creditors and all was agreed.
I stuck to it religiously and in 2016, we decided to sell our house and use some of the equity to settle my debts (in full) and keep the rest for a mortgage further down the line.
One month before the sale of my house was complete Tesco sold my debts (a ccard & loan) to Hoist Portfolio, I wrote to them explaining that i was on a DMP and would continue with my payments until my house was sold.
A moth later I called all my creditors and settled in full. Phew!
Well, 9months down the line and debt free I had a look at my credit report, only to see that Hoist Portfolio put two default notices on my account, which has utterly trashed my credit score and meant that I have to wait 6yrs to come off. Is there anything at all that I can do, as I thought i was being responsible and tackling my debt instead of hoping it would go away.
Sorry for the long message.
0
Comments
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Had Tesco already defaulted the accounts?
You should ask for the default to be moved back to when you originally defaulted on the accounts.0 -
Hi, no Tesco never defaulted the account. Hoist portfolio defaulted the account when they took it over.0
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Ask for it to be moved back to the appropriate date.0
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