DMP mutual support thread part 13 !!

Suseka97

debtfreegirluk said:

Hello all. 

If you have defaulted and are paying off your debt via a self managed DMP, am I right in thinking after 6 years the defaults drop off your credit score and that would then increase? 

Not looking to add to debt or anything just curious as to what happens? 

Yes, you will see your 'score' go up - but that means very little (as sourcrates has said).  For example, my OH's credit score is much lower than mine these days, why  - well, that's because he has no credit records.  So his score decreases as a result.  What matters is your credit 'history' and that is what lenders look at, not a meaningless number.  

When your defaults drop off your file, if you were looking at things like car finance or remortgaging/new mortgage - that's when your credit history comes into play.  So with no defaults you are in a better position than if you had defaults.  

sunshinevicky

So now after receiving the notice of termination from Argos I have now had a letter to say the debt is with Moorcroft and to contact them with any further questions and to arrange payment.... is this now confirmation the debt is defaulted and I can email them and offer my income and expenditure? Sorry for being a pain with all the questions recently! Feel pleased things are moving but also worried as don’t won’t to do anything wrong at this point! TIA

Suseka97

sunshinevicky said:

So now after receiving the notice of termination from Argos I have now had a letter to say the debt is with Moorcroft and to contact them with any further questions and to arrange payment.... is this now confirmation the debt is defaulted and I can email them and offer my income and expenditure? Sorry for being a pain with all the questions recently! Feel pleased things are moving but also worried as don’t won’t to do anything wrong at this point! TIA

I'd still wait until you've been contacted by Moorcroft themselves and check your credit file.  Don't make any payments until you are 100% sure its defaulted and don't take their word for it.  The account on your CRA file will be clearly marked with 'default' and the date it was applied - that's the best evidence you can have.

DebtHurricane

sunshinevicky as suseka says the best thing is to wait until you see it for yourself on your credit files. Then screenshot it as evidence and keep it saved somewhere. I had 2 debts sold on and thought they must have defaulted as I’d received a default notice prior to that. They hadn’t and I’m glad I waited to see the credit file entry as you can always challenge it then as you have proof of the default. 

sunshinevicky

DebtHurricane said:

sunshinevicky as suseka says the best thing is to wait until you see it for yourself on your credit files. Then screenshot it as evidence and keep it saved somewhere. I had 2 debts sold on and thought they must have defaulted as I’d received a default notice prior to that. They hadn’t and I’m glad I waited to see the credit file entry as you can always challenge it then as you have proof of the default. 

Thanks all.... I think I just feel nervous when it says it has been passed on to a collector if I don’t contact them quickly they may end up sending someone to the house.... I will try and hold my nerve though and hope to see the default on my file soon! Thanks again :-) 

sourcrates

sunshinevicky said:

So now after receiving the notice of termination from Argos I have now had a letter to say the debt is with Moorcroft and to contact them with any further questions and to arrange payment.... is this now confirmation the debt is defaulted and I can email them and offer my income and expenditure? Sorry for being a pain with all the questions recently! Feel pleased things are moving but also worried as don’t won’t to do anything wrong at this point! TIA

No, Moorcroft just collect debts on behalf of their clients, it won`t have defaulted as yet, sometimes they drag things out unfortunatly.

They might never default you.

BooBoo77

Hello I’ve now got one response to my CCA request, which is nothing but print outs of credit card statements. I’m guessing there should be more to it? The debt co says that the client will send the agreement and statements so if they’ve just sent the statements then that means they don’t have the agreement, which is good news for me. Would I go back to the debt co and say that they haven’t supplied the agreement so I assume it’s unenforceable or is that moving too fast? Thanks 

Suseka97

sunshinevicky said:

DebtHurricane said:

sunshinevicky as suseka says the best thing is to wait until you see it for yourself on your credit files. Then screenshot it as evidence and keep it saved somewhere. I had 2 debts sold on and thought they must have defaulted as I’d received a default notice prior to that. They hadn’t and I’m glad I waited to see the credit file entry as you can always challenge it then as you have proof of the default. 

Thanks all.... I think I just feel nervous when it says it has been passed on to a collector if I don’t contact them quickly they may end up sending someone to the house.... I will try and hold my nerve though and hope to see the default on my file soon! Thanks again :-) 

Okay, you've got to stop overthinking things and I mean that in the nicest way . No-one is going to rock up to your door - and even if they did, all you would do is tell them to bog off (or more politely to please go away) and shut the door.  Noting soucrates comment about Moorcroft, it looks like you are going to have to hold your nerve a while longer and keep pushing for that default.  If you start paying now you may never get one.

sunshinevicky

So on my crediwise report the account says default balance and gives the amount whereas in others it doesn’t say this.... do you think this is a default??? Is there a better site I should use to check my report? TIA

sourcrates

sunshinevicky said:

So on my crediwise report the account says default balance and gives the amount whereas in others it doesn’t say this.... do you think this is a default??? Is there a better site I should use to check my report? TIA

Moorcroft don`t knock on doors, ever, their staff comprises mainly of teenagers who answer phones all day.

The entry on your credit file, if defaulted, will say "DATE OF DEFAULT" and give a date, if that`s not there, then its not defaulted.