Delinquent mark of credit file

S1984

Cut a long story short have a PD loan that marked file as delinquent and sold the debt on

Contacted them and they are saying can't default or mark as this and the delinquent mark stays

I am trying to ensure all marks are defaulted on file

What more can I do here as I want to focus on a clean history in 6 years drop off not the marker which is significantly longer

National_Debtline

Hi S1984,


This is a very unfortunate situation, as you are right; a delinquent mark is more of hindrance than a default.


A delinquent balance is automatically registered on an account when the payment profile shows two consecutive late payments of 3 months or over. A delinquent balance will only be removed when there are twelve consecutive on time payments after the last late payment marker.


You could make a formal complaint to the payday loan company and ask them, again, to amend the entry. If they refuse, you can find out which trade association they are part of and escalate the matter to them, the Financial Ombudsman and the Information Commissioner Office. You can try and refer to the ICO guidelines to support your complaint - http://www.scoronline.co.uk/sites/default/files/high_level_prinicples_document_final.pdf


Ultimately, if you cannot get it removed, the status should change to settled once it is cleared. This is where you may like further advice about your debt options (DMP, IVA etc). Good luck,


Laura
@natdebtline

bamgbost

National_Debtline wrote: »

Hi S1984,


This is a very unfortunate situation, as you are right; a delinquent mark is more of hindrance than a default.


A delinquent balance is automatically registered on an account when the payment profile shows two consecutive late payments of 3 months or over. A delinquent balance will only be removed when there are twelve consecutive on time payments after the last late payment marker.


You could make a formal complaint to the payday loan company and ask them, again, to amend the entry. If they refuse, you can find out which trade association they are part of and escalate the matter to them, the Financial Ombudsman and the Information Commissioner Office. You can try and refer to the ICO guidelines to support your complaint - http://www.scoronline.co.uk/sites/default/files/high_level_prinicples_document_final.pdf


Ultimately, if you cannot get it removed, the status should change to settled once it is cleared. This is where you may like further advice about your debt options (DMP, IVA etc). Good luck,


Laura
@natdebtline

i have a case where I had late payments for 7 months.
The numbers went 1,2,3,3,4,5,1. the account was labelled as delinquent... however I completed payment 2 months after this and account closed.


this was all 12 months ago. How big an impact is this. compared to a default?

S1984

So just to confirm

If this gets paid it will move to settled?

What does that mean to credit file? The PD loan is a lower amount one - I have large debts all defaulted and funny enough the lowest which can be cleared if I save is the one thats delinquent

I just don't want my file horrendous for years as I am self managing my DMP and want to get clean so I can focus on my future and be debt free and one day hope to have a home etc