Help needed

Zac88

Hi


I have quit few debts defaulted on me in 2016 they are all registered around same time as that's when I was behind payment for more than 3 months. All of the debts have been sold of to DCA apart from 2 that are with catalogue companies and they are still showing open. On mu credit report they showing green so assuming not affecting my score not that I'm bothered but I found it strange as I assume after 3 months of non payment would trigger that. I also have on particular debt sold to Lowell but also showing as open. The problem is most of my default would be over 6 years old soon apart from these 3 which would prob delay getting out of my report.

So can anyone please guide me what to do?

1. As the Lovell one is not with DCA do they have power to default me? And if they were to go to court can I use this as a defense that the originally creditor didn't use the process that they have to serve me a default?

2. About the other 2 with same catalogue company they are the original creditor so I assumed they can anytime default me and I can't do nothing about that until I pay a settlement amount ?


Please help me understand and if anything is odd here.

Regards
Please help me understand and if anything is odd here.

Regards

[Deleted User]

1. Yes. No.
2. Yes. Yes.

DCFC79

Don't forget your score is only seen by you and only you. Your history is whats important.

Zac88

Deleted_User said:

1. Yes. No.
2. Yes. Yes.

Ok so is there a way I can ask lowell to add a default for the debt that I was paying token money for almost a year in 2016 so technically they should have defaulted me and now its showing open and active and can continue forever and even if I decide to settle account as they did send me 50 percent off offer but it would be then showing part settled for next 6 years so can you advice best way to get this sorted please?

[Deleted User]

Yes, you can ask them to add a default.

However, it's not clear what the status of the account is on your files.

Zac88

Deleted_User said:

Yes, you can ask them to add a default.

However, it's not clear what the status of the account is on your files.

Its showing open and green and under it showing this doesn't affect my report adversely but showing its part of dmp which was active until May 2020. Then haven't paid anything since and lowell hasn't chased me either 

Zac88

Deleted_User said:

Yes, you can ask them to add a default.

However, it's not clear what the status of the account is on your files.

thats how its showing now 

sourcrates

Leave it as it is, it’s fine, you don’t want a default added to this, it’s been reported as an open account.

Zac88

sourcrates said:

Leave it as it is, it’s fine, you don’t want a default added to this, it’s been reported as an open account.

But being open means it would go forever until I pay them full amount which I don't see myself in a position. I was thinking if I would have to request them to add a default that should have to be retrospective to 2016 when all my other debts defaulted ? And also being open i would be scared they can add a new default anything or get ccj while now next year almost all my other default would drop off. 

finalfantasist

Zac88 said:

sourcrates said:

Leave it as it is, it’s fine, you don’t want a default added to this, it’s been reported as an open account.

But being open means it would go forever until I pay them full amount which I don't see myself in a position. I was thinking if I would have to request them to add a default that should have to be retrospective to 2016 when all my other debts defaulted ? And also being open i would be scared they can add a new default anything or get ccj while now next year almost all my other default would drop off. 

As it stands like now, it looks like a normal credit card account being paid down on time.  That is why sourcrates suggest leaving it as is.  It's reporting positive data, you hardly want to get rid of that.

Yes, they could subsequently default it, but you can ask for the default date to be corrected to when it actually defaulted if that happens.

And the account defaulting and being able to obtain a CCJ are unrelated.  And since you've clearly made at least one payment to it since Jan 2020 you've got a long way to go until it's statute barred.