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Default and company gone into administration

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In 2015 I defaulted on a wageday advance payday loan. This is due to drop off my credit report In sep 2021.

I am
hoping to apply for a mortgage before September.

Wageday advance went into administration for claims for irresponsible lending , which I was a victim off.

My understanding would be that if they have lent to me irresponsibly, then the default is incorrect on my credit file. I am praying anyway.

I am struggling to get in contact with them. Does anyone have any advice on where I stand please or is it just wishful thinking?

Thanks


«134

Comments

  • adamp87
    adamp87 Posts: 897 Forumite
    Fifth Anniversary 500 Posts Name Dropper
    You’d have to lodge a irresponsible lending complaint with the administrator of the company most likely. That doesn’t mean if you won you’d get the default removed either but you might get a refund of fees & such. Depends how it goes.

    If you weren’t happy you could then push it to the ombudsman. 
  • It does yes, im
    not sure wether you have ever had a gambling addiction and known how hard it was to fight? That was the reason for my borrowing. Don’t judge if you don’t know the details. 4 years bet and debt free, comments like yours I take with a pinch of salt . Bye
  • adamp87 said:
    You’d have to lodge a irresponsible lending complaint with the administrator of the company most likely. That doesn’t mean if you won you’d get the default removed either but you might get a refund of fees & such. Depends how it goes.

    If you weren’t happy you could then push it to the ombudsman. 
    Thanks so much for your helpful reply
  • jefaz07
    jefaz07 Posts: 620 Forumite
    Part of the Furniture 500 Posts Name Dropper
    Generally if you win the case then you won’t just get the interest plus interest paid back you will also have all markers removed from credit file. 
    In this instance if you would you’d obviously get very little back but it’s the information you want gone. 
    Go look at debt camel website. There are threads and threads of this exact thing. Probably have contact details for the administrator too. 
  • sourcrates
    sourcrates Posts: 31,420 Ambassador
    Part of the Furniture 10,000 Posts I've been Money Tipped! Name Dropper
    edited 31 August 2020 at 4:00PM
    Link is here for you -
    Very well done stopping the gambling, it takes heart and perseverence to do that, ignore the trolls, they crawl out from their perfect little world under the bridge every so often.
    Good luck with your complaint, you may need to be quick, there may be a time limit for claims, I can`t find any particular info on that.


    I’m a Forum Ambassador and I support the Forum Team on the Debt free wannabe, Credit file and ratings, and Bankruptcy and living with it boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.For free non-judgemental debt advice, contact either Stepchange, National Debtline, or CitizensAdviceBureaux.Link to SOA Calculator- https://www.stoozing.com/soa.php The "provit letter" is here-https://forums.moneysavingexpert.com/discussion/2607247/letter-when-you-know-nothing-about-about-the-debt-aka-prove-it-letter
  • Thank you for the link
  • D3xt3r5L4b
    D3xt3r5L4b Posts: 1,852 Forumite
    1,000 Posts Fourth Anniversary Name Dropper
    Trolls?

    You mean people with a correct and moral view on life?
  • As I said before goodbye
  • DCFC79
    DCFC79 Posts: 40,635 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    As I said before goodbye
    Just because they are in administration for irresponsible lending it doesnt mean they did the same to you, by all mean lodge a complaint but be prepared fod a no, very least see if you can get the markers removed.
  • DCFC79 said:
    As I said before goodbye
    Just because they are in administration for irresponsible lending it doesnt mean they did the same to you, by all mean lodge a complaint but be prepared fod a no, very least see if you can get the markers removed.
    yes no harm in trying, the markers are what are important not neccesarily compensation
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