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Ketchy74

I have completed an IVA and it has now dropped off my credit report but today I received a a notification that my score had dropped. I checked my report and I saw that one of my creditors from my IVA has added my account And shown it in default. Can they do this? I received my certificate of completion in January this year.

StepChange_Allen

Ketchy74 wrote: »

I have completed an IVA and it has now dropped off my credit report but today I received a a notification that my score had dropped. I checked my report and I saw that one of my creditors from my IVA has added my account And shown it in default. Can they do this? I received my certificate of completion in January this year.

Hi there

Welcome to the forum and thanks for posting.

All debts should drop off your credit file around 6 years after they originally defaulted, whether they're paid off or not. The fact that you've been in an IVA, which is normally at least 5 years, suggests that it probably defaulted over 6 years ago. If it did, then I'd contact them and ask them to remove it.

If they don't, make a written complaint and go through their complaints process.

I hope you get this resolved.

Allen

Changingtimes

Hope you all had a good Christmas and all the best for 2020. I know 2020 I will become debt free.....
Ok so I just completed a budget review with SC. I have received the confirmation email which quotes the following:
You'll need to make your new DMP payment by TransCash before your chosen payment date of February 2020.

Ok so my regular payment date is the 17th of every month. Does this mean I am not due to pay until February now? Or am i misreading.
Thanks all

Mrs_Tizler

Hi there,

My elderly father-in-law died suddenly at the beginning of December and it's come to light that he had taken out a considerable amount of mail order debt in his wife's name, which she knew nothing about. Demand letters are arriving daily, doubling late payment charges and interest. The family are still trying to sift through a mountain of paperwork and we're waiting to speak to the CAB. Mum is vulnerable and capacity may be in question and her current sole income doesn't even cover the rent. Any advice would be most gratefully received. With many thanks.

SOOTY777

Hi - I successfully cleared my DMP in 2016 and this year most of my defaults have fallen off my credit report. I have a personal loan however that although I received a default notice for it in July 2013 (so should have dropped off earlier this year) it's still showing as a settled debt - settled in 2016 the date my DMP ended. Would I have the right to ask them to change this to the original default date so NH it falls off my credit report ? Do I go direct to them or open a dispute with Experian

cbutton

I returned to the UK from Dubai two years ago, having been made redundant. After sporadic temp work I have finally secured permanent work so feel in a position to start budgeting to pay off a credit card and personal loan debt from when I left UAE.

As I have been contacted by a UK company acting on behalf of a UAE bank (I have acknowledged the debt and asked for time to seek advice) where do I stand with asking them if they would reduce the debt (i.e. interest and charges that have built up)? I would also like to know if my home would be at risk. I have a mortgage, with the flat jointly owned with my sister.

Ch1rpie

Hi, been paying back large debt for over 5 years and still have approx £6000 left to pay. Was with a debt company for a while who arranged no interest and payments but I now deal with this on my own. I have 9 creditors and I pay each of these monthly.

I have just had an insurance policy mature and have £2000 which I want to use to pay against some debt.

My questions 1) should I divide this £2000 up equally among the creditors or could I just target a few to clear the totals.
2) Do I target the largest or smallest debts and
3) Should I contact the companies first or can I just pay off the total in one payment and ask the company after to confirm debt settled.

Thanks

StepChange_Rachael

Hi

Thanks, happy new year to you too.

It sounds to me that because the regular payment amount needed to be amended, due to the review, this won’t be done in time for January. This month’s payment will therefore need to be made manually via an alternative method and then February’s payment will be taken automatically again.

If you’ve any concerns or further queries regarding your plan you can find our deparyment contact details here.

Thanks
Rachael

Changingtimes wrote: »

Hope you all had a good Christmas and all the best for 2020. I know 2020 I will become debt free.....
Ok so I just completed a budget review with SC. I have received the confirmation email which quotes the following:
You'll need to make your new DMP payment by TransCash before your chosen payment date of February 2020.

Ok so my regular payment date is the 17th of every month. Does this mean I am not due to pay until February now? Or am i misreading.
Thanks all

StepChange_Rachael

Hi

Welcome to the forum.

I’m sorry to hear of the family’s bereavement and the added stress of these debts coming to light.

Your family can dispute these debts but it might not be quick or necessarily easy. The companies are likely to request evidence. I’d recommend asking for the initial agreements to be sent, as these should be signed and should provide extra help in working out when they were taken, which might help you dispute them.

For your family to work on your mother-in-law’s behalf, verbal consent or a letter of consent is likely to be required, but this should make it easier to work with the creditors to resolve this. Verbal consent usually only takes a few minutes over the phone. I’d recommend explaining the situation to the creditors as well, including your mother-in-law’s vulnerabilities as this might help, if she feel’s comfortable to do this.

I’d recommend checking your mother-in-law’s benefit entitlements. It’s likely she may be entitled to housing benefits to help meet the houshold and living costs.

CAB might advise you to speak with a debt advice service, but you can always do this at any point if you’d like to access further information and potential debt solutions that may be available. You can find our contact details here if you’d like to speak with us at StepChange.

Thanks
Rachael

Mrs_Tizler wrote: »

Hi there,

My elderly father-in-law died suddenly at the beginning of December and it's come to light that he had taken out a considerable amount of mail order debt in his wife's name, which she knew nothing about. Demand letters are arriving daily, doubling late payment charges and interest. The family are still trying to sift through a mountain of paperwork and we're waiting to speak to the CAB. Mum is vulnerable and capacity may be in question and her current sole income doesn't even cover the rent. Any advice would be most gratefully received. With many thanks.

StepChange_Rachael

Hi

Thanks for your message.

As you’ve mentioned, notes should automatically fall off after the sixth year. However, as they’ve settled the debt in 2016, it’s likely this note will stay on longer. The default note itself should have dropped off. If the default is still showing then I’d recommend contacting Experian, I believe you can log an amendment on the online tool for them to look into.

Thanks
Rachael

SOOTY777 wrote: »

Hi - I successfully cleared my DMP in 2016 and this year most of my defaults have fallen off my credit report. I have a personal loan however that although I received a default notice for it in July 2013 (so should have dropped off earlier this year) it's still showing as a settled debt - settled in 2016 the date my DMP ended. Would I have the right to ask them to change this to the original default date so NH it falls off my credit report ? Do I go direct to them or open a dispute with Experian