Stick with late payments or ask for default?

jonnym8083

Evidence that by them removing the default they have made my situation worse??? How do I evidence this?
How do I evidence this complaint that the late payments are worse for me? Surely they know this

boo_star

jonnym8083 wrote: »

Evidence that by them removing the default they have made my situation worse??? How do I evidence this?
How do I evidence this complaint that the late payments are worse for me? Surely they know this

Speak to your broker and see if they can confirm your current situation is worse and pass this back to the company?

jonnym8083

I have sent over lending criteria. Defaults acceptable but no more that 4 late payments in last 2 years... I have 17 ��

[Deleted User]

You can ask them to change it.
They’re not obliged to by law.

boo_star

jonnym8083 wrote: »

I have sent over lending criteria. Defaults acceptable but no more that 4 late payments in last 2 years... I have 17 ��

But will you by May next year?

sleepyjones

If you're payments are continually late can you not just ask them to change your payment date?

This will at least stop the late payments in the mean time?

jonnym8083

The debt was paid off nov last year. Basically it had a default on it. Only recently they removed default but then when I checked my credit file to see if default had gone I found all these late payments they had looked in replacement of the default. The loan was a payday loan with satsuma that went into an arrangement plan and was passed to a third party. I agreed monthly payments and dates with them back in Feb 16 and stuck to these.
They have really messed stuff up!

LABMAN

jonnym8083 wrote: »

The debt was paid off nov last year. Basically it had a default on it. Only recently they removed default but then when I checked my credit file to see if default had gone I found all these late payments they had looked in replacement of the default. The loan was a payday loan with satsuma that went into an arrangement plan and was passed to a third party. I agreed monthly payments and dates with them back in Feb 16 and stuck to these.
They have really messed stuff up!

With a lot of help from you.

jonnym8083

Agreed I was in mega financial difficulty. Don’t be so quick to judge though buddy as you don’t know what the future holds.. most people are only couple of pay cheques from being homeless.
I’m not saying I’m an angel and desperate time desperate measures etc...
Just wanted a bit of advice with the unusual situation.
Thanks again everyone

sleepyjones

Ahh yeah, sorry ... You did say it was from last year, I just forgot reading the replies

I'm not sure they can update the file if the payments were late? I'm sure there's something in the Data Protection Act that says it has to be accurate, changing it back to a Default, I guess, would be at their discretion but they don't really have any reason to do that, not even as a goodwill gesture since you're no longer a customer.

I think you just have to suck this one up, make sure everything else on your file is good and don't miss any payments / make any credit applications until it's Mortgage time. Then go to a broker and see what they can do for you.

Good luck!