Default on my file

Pauld170179

Hi,
I entered in to a one year PCP agreement on a brand new Land Rover discovery sport in 2017 with a mileage limit of 8000, any excess mileage was to be charged at 14p per mile. At the time of handing the vehicle back to the finance company I had gone around 3000 miles over the limit. I was sent a notification with a charge of £422.01 (inc VAT) and given a date to pay by? For one reason or another this payment got overlooked and as time moved on as did the vehicle I assumed this charge to have been written off, it had indeed been written off but unknowingly I was left with a default on my credit file which I only recently discovered. I’ve never had any previous bad credit or missed any payments but only now am I beginning to see the affects of this default! I used Land Rover finance on a similar deal for another Land Rover and paid the excess mileage and have since taken out another agreement with them on another car? I spoke to them earlier this year when I found out about the default and raised a complaint to explain the circumstances surrounding the oversight but to no avail? I was happy to pay the charge and any interest but they said it would still remain on file as a satisfied default which is obviously better than a default but I’m trying to get it removed completely? I’m now running out of options and would welcome any advice out there? Thanks

[Deleted User]

Settle it. It's a valid default and they won't remove it, so all you can do now is show lenders that you do settle your debts, even if it takes a while.

Stay on top of your credit and the impact of the default will diminish over time.

PRAISETHESUN

Unfortunately it is an accurate description of what has happened here. They are not obliged to remove it, and if they have said no then there is nothing you can really do to force them to. Settle the debt and it will be marked as "satisfied" which looks much better than an unsatisfied debt. In either case it will still stick around for 6 years, although the effect will diminish over time as the default gets older.

chanz4

Cash doesn't buy everything, its a true reflection of your none management

Pauld170179

Not sure what your implying but I certainly don’t have ‘cash to buy everything’ I work hard long unsociable hours and get good discount on the vehicles because of my job? I was only asking for any assistance to see if the default had been issued correctly or if there was anything I could do to challenge it other than the complaint I raised when I found out it was on my credit file? Not to worry but thanks for your reply.