Old Defaults

turk101

Evening all,
I need a little help please. I have scoured the forum so as not to repeat the question but can not find the answer, found a couple of similar ones.
Anyway it goes like this, around 8 years ago I had a messy divorce, defaulted on 2 credit cards and 1 catalogue.
I agreed a token payment of £1, £1 and 1 for £5. 1 is with Lowell another with Westcot (Arrow Global and the other I just kept paying BOS directly.
All the defaults are July, August and September of 2010.
Here's my worry I have been accepted for a mortgage even with the payments showing on my bank stats, I have continued to pay the BOS £1. I cancelled the Lowell one of £5 and the Wescot (Arrow Global) has cancelled it themselves and sold it to Capquest, who are chasing me daily.
Have I made a mistake by ignoring the last 2? Can they put the debt back on my credit file? none have shown on my file for nearly 2 years now, allowing me to build my credit score to the maximum.
I am scared that not paying will affect me and the mortgage decision! Please someone advise what I should do?
Sorry for the really long post!
Kind Regards to you all.

[Deleted User]

They may go for a CCJ, which would be on your files for another 6 years.

I'd suggest paying them off and ignoring your made up credit score. Lenders will be concerned by such a slow repayment of defaulted debts.

[Deleted User]

When did you last make a payment?

They won't be on your file now if 6 years have passed, however if you have made any payments to them in the past 6 years then they won't be statute barred (despite not showing on your file any more) and they could apply for a CCJ to recover the full costs

turk101

Deleted_User wrote: »

They may go for a CCJ, which would be on your files for another 6 years.

I'd suggest paying them off and ignoring your made up credit score. Lenders will be concerned by such a slow repayment of defaulted debts.

Thanks, If I make offers to pay them off can they put them on my credit file again?

turk101

!!! wrote: »

When did you last make a payment?

They won't be on your file now if 6 years have passed, however if you have made any payments to them in the past 6 years then they won't be statute barred (despite not showing on your file any more) and they could apply for a CCJ to recover the full costs

They are close to 8 years old, they 100% do not show on my file. I have paid token gestures of £1, £1 and £5 so agreed they will not be statute barred, now the CCJ is very worrying as they have never done that before.
Thanks again

[Deleted User]

They'll only come back on your files if they get a CCJ.

turk101

Thanks so far for all the help.
one more question I called the PRA group who owns the debt that I have been paying to Lloyds TSB at £1 per month for over 8 years now, I ask for a deal so I could make a 1 of payment and they told me the amount I have to pay is the full amount! No discount or anything. I said ok I will continue to pay the £1 per month and was told that's fine but I would need to go through a budget check ie working, how much I earn, what I pay out etc etc. How much do I have to divulge to this company, why have they not done anything to me in all this time other than tell me I should be paying them and not directly to Lloyds TSB? Why have they not gone for a CCJ or is this not possible because I have continued to pay?
Please help with any advise as it is rather confusing.
Thanks again.

[Deleted User]

Theyre not obliged to take a settlement figure.

They will probably now want to see bank statements and payslips and a breakdown of incomings and outgoings.

Depending on how much is still owed they may now go for a ccj to get it paid and done with now that you've acknowldged them

turk101

Could I not just continue paying the bank direct as I have done for so long?
If not I guess I will have to pay it in full.

[Deleted User]

Lloyds would be passing the payments on.

Unless Lloyds or PRA tell you other wise then you can carry on paying Lloyds.

However PRA may now contact you and ask you deal direct with them now.

onthefencepost

I'm no expert maybe speak to them for for a settlement - maybe go to your local credit union for a loan.
off course making sure they dont trash your credit file and you can pay off your loan.

I got a loan approved from the local credit union on the day and the interest rate was very low.