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IVA NOW HOLDING ME BACK ON MORTAGE COMPLETED 4 YEARS AGO STILL HAVING DEFAULTS REPORTED

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sgtmason1095
sgtmason1095 Posts: 17 Forumite
Fourth Anniversary 10 Posts Name Dropper Combo Breaker
edited 17 September 2024 at 9:08AM in IVA & DRO
​
IVA Timeline of events / POST FOR MONEY SAVING EXPERT FORUMS 

WHY ARE CAPITAL ONE STILL REPORTING TO TRANSUNION A DEFAULT YEARS AFTER MY IVA HAS BEEN SETTLED ? AND WHAT CAN I DO TO GET THIS AMENDED PLEASE AS IT IS HOLDING ME BACK ON MY CREDIT FILE NOW TRYING TO OBTAIN A MORTGAGE ?

IVA Timeline of events

IVA START DATE : 19TH JUNE 2018
IVA END DATE : 27TH APRIL 2020 (VOLUNTARY CONTRIBUTION £4,656.00 WINDFALL PAYMENT £25,000.00)

Capital One Bank (Europe) plc ACC REF : (Removed by Forum Team) RECEAVED :  £354.75  DIVIDENDS PAID : £301.70

Capital One - Credit Card - Ending (Removed by Forum Team)
OPENED 4 January 2018
DEFAULT DATE 27 August 2019
DEFAULT BALANCE £417
REPORTED UNTIL 27 August 2025
BALANCE £131
EXPERIAN DEFAULT UNTILL SEP 2019
EQUIFAX DEFAULT UNTILL JULY 2019
TRANSUNION DEFAULT FROM AUG 2019 UNTILL CURRENT DAY 2024

WANTING TO APPLY FOR A MORTGAGE NOW SEP 2024 BUT BECAUSE OF TRANSUNION STILL REPORTING A DEFAULT WITH MY CAPITAL ONE CARD IM GETTING THE WORST MORTGAGE DEALS AND UNABLE TO GET ANY BETTER UNAWARE THAT TRANSUNION HAVE STILL BE REPORTING THE DEFAULT FOR THE LAST 4 YEARS

ARE TRANSUNION ALLOWED TO STILL BE REPORTING THIS DEFAULT THIS LATE AFTER THE IVA HAS BEEN SETTLED? AND WHY IS IT ONLY TRANSUNION THAT IS REPORTING THIS ? EXPERIAN AND EQUIFAX ARE NOT?

WHY IS THIS HAPPENING & WHAT DO I NEED TO DO IN ORDER TO GET THIS REMOVED?

WOULD LOVE ANY ADVICE HAVE YOU HAD A SIMILAR SITUATION? WHAT DID YOU DO TO GET AROUND THIS OR SOLVE IT ?

WHATS THE BEST WAY TO GET A CREDIT AMENDMENT ?

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Comments

  • sgtmason1095
    sgtmason1095 Posts: 17 Forumite
    Fourth Anniversary 10 Posts Name Dropper Combo Breaker
    edited 17 September 2024 at 9:09AM
    ​IVA Timeline of events / POST FOR MONEY SAVING EXPERT FORUMS 

    WHY ARE CAPITAL ONE STILL REPORTING TO TRANSUNION A DEFAULT YEARS AFTER MY IVA HAS BEEN SETTLED ? AND WHAT CAN I DO TO GET THIS AMENDED PLEASE AS IT IS HOLDING ME BACK ON MY CREDIT FILE NOW TRYING TO OBTAIN A MORTGAGE ?

    IVA Timeline of events

    IVA START DATE : 19TH JUNE 2018
    IVA END DATE : 27TH APRIL 2020 (VOLUNTARY CONTRIBUTION £4,656.00 WINDFALL PAYMENT £25,000.00)

    Capital One Bank (Europe) plc ACC REF : (Removed by Forum Team) RECEAVED :  £354.75  DIVIDENDS PAID : £301.70

    Capital One - Credit Card - Ending (Removed by Forum Team)
    OPENED 4 January 2018
    DEFAULT DATE 27 August 2019
    DEFAULT BALANCE £417
    REPORTED UNTIL 27 August 2025
    BALANCE £131
    EXPERIAN DEFAULT UNTILL SEP 2019
    EQUIFAX DEFAULT UNTILL JULY 2019
    TRANSUNION DEFAULT FROM AUG 2019 UNTILL CURRENT DAY 2024

    WANTING TO APPLY FOR A MORTGAGE NOW SEP 2024 BUT BECAUSE OF TRANSUNION STILL REPORTING A DEFAULT WITH MY CAPITAL ONE CARD IM GETTING THE WORST MORTGAGE DEALS AND UNABLE TO GET ANY BETTER UNAWARE THAT TRANSUNION HAVE STILL BE REPORTING THE DEFAULT FOR THE LAST 4 YEARS

    ARE TRANSUNION ALLOWED TO STILL BE REPORTING THIS DEFAULT THIS LATE AFTER THE IVA HAS BEEN SETTLED? AND WHY IS IT ONLY TRANSUNION THAT IS REPORTING THIS ? EXPERIAN AND EQUIFAX ARE NOT?

    WHY IS THIS HAPPENING & WHAT DO I NEED TO DO IN ORDER TO GET THIS REMOVED?

    WOULD LOVE ANY ADVICE HAVE YOU HAD A SIMILAR SITUATION? WHAT DID YOU DO TO GET AROUND THIS OR SOLVE IT ?

    WHATS THE BEST WAY TO GET A CREDIT AMENDMENT ?


  • sgtmason1095
    sgtmason1095 Posts: 17 Forumite
    Fourth Anniversary 10 Posts Name Dropper Combo Breaker
    edited 17 September 2024 at 9:07AM
    ​IVA Timeline of events / POST FOR MONEY SAVING EXPERT FORUMS 

    WHY ARE CAPITAL ONE STILL REPORTING TO TRANSUNION A DEFAULT YEARS AFTER MY IVA HAS BEEN SETTLED ? AND WHAT CAN I DO TO GET THIS AMENDED PLEASE AS IT IS HOLDING ME BACK ON MY CREDIT FILE NOW TRYING TO OBTAIN A MORTGAGE ?

    IVA Timeline of events

    IVA START DATE : 19TH JUNE 2018
    IVA END DATE : 27TH APRIL 2020 (VOLUNTARY CONTRIBUTION £4,656.00 WINDFALL PAYMENT £25,000.00)

    Capital One Bank (Europe) plc ACC REF : (Removed by Forum Team) RECEAVED :  £354.75  DIVIDENDS PAID : £301.70

    Capital One - Credit Card - Ending (Removed by Forum Team)
    OPENED 4 January 2018
    DEFAULT DATE 27 August 2019
    DEFAULT BALANCE £417
    REPORTED UNTIL 27 August 2025
    BALANCE £131
    EXPERIAN DEFAULT UNTILL SEP 2019
    EQUIFAX DEFAULT UNTILL JULY 2019
    TRANSUNION DEFAULT FROM AUG 2019 UNTILL CURRENT DAY 2024

    WANTING TO APPLY FOR A MORTGAGE NOW SEP 2024 BUT BECAUSE OF TRANSUNION STILL REPORTING A DEFAULT WITH MY CAPITAL ONE CARD IM GETTING THE WORST MORTGAGE DEALS AND UNABLE TO GET ANY BETTER UNAWARE THAT TRANSUNION HAVE STILL BE REPORTING THE DEFAULT FOR THE LAST 4 YEARS

    ARE TRANSUNION ALLOWED TO STILL BE REPORTING THIS DEFAULT THIS LATE AFTER THE IVA HAS BEEN SETTLED? AND WHY IS IT ONLY TRANSUNION THAT IS REPORTING THIS ? EXPERIAN AND EQUIFAX ARE NOT?

    WHY IS THIS HAPPENING & WHAT DO I NEED TO DO IN ORDER TO GET THIS REMOVED?

    WOULD LOVE ANY ADVICE HAVE YOU HAD A SIMILAR SITUATION? WHAT DID YOU DO TO GET AROUND THIS OR SOLVE IT ?

    WHATS THE BEST WAY TO GET A CREDIT AMENDMENT ?

  • sgtmason1095
    sgtmason1095 Posts: 17 Forumite
    Fourth Anniversary 10 Posts Name Dropper Combo Breaker
    edited 17 September 2024 at 9:09AM
    ​
    IVA Timeline of events / POST FOR MONEY SAVING EXPERT FORUMS 

    WHY ARE CAPITAL ONE STILL REPORTING TO TRANSUNION A DEFAULT YEARS AFTER MY IVA HAS BEEN SETTLED ? AND WHAT CAN I DO TO GET THIS AMENDED PLEASE AS IT IS HOLDING ME BACK ON MY CREDIT FILE NOW TRYING TO OBTAIN A MORTGAGE ?

    IVA Timeline of events

    IVA START DATE : 19TH JUNE 2018
    IVA END DATE : 27TH APRIL 2020 (VOLUNTARY CONTRIBUTION £4,656.00 WINDFALL PAYMENT £25,000.00)

    Capital One Bank (Europe) plc ACC REF : (Removed by Forum Team) RECEAVED :  £354.75  DIVIDENDS PAID : £301.70

    Capital One - Credit Card - Ending (Removed by Forum Team)
    OPENED 4 January 2018
    DEFAULT DATE 27 August 2019
    DEFAULT BALANCE £417
    REPORTED UNTIL 27 August 2025
    BALANCE £131
    EXPERIAN DEFAULT UNTILL SEP 2019
    EQUIFAX DEFAULT UNTILL JULY 2019
    TRANSUNION DEFAULT FROM AUG 2019 UNTILL CURRENT DAY 2024

    WANTING TO APPLY FOR A MORTGAGE NOW SEP 2024 BUT BECAUSE OF TRANSUNION STILL REPORTING A DEFAULT WITH MY CAPITAL ONE CARD IM GETTING THE WORST MORTGAGE DEALS AND UNABLE TO GET ANY BETTER UNAWARE THAT TRANSUNION HAVE STILL BE REPORTING THE DEFAULT FOR THE LAST 4 YEARS

    ARE TRANSUNION ALLOWED TO STILL BE REPORTING THIS DEFAULT THIS LATE AFTER THE IVA HAS BEEN SETTLED? AND WHY IS IT ONLY TRANSUNION THAT IS REPORTING THIS ? EXPERIAN AND EQUIFAX ARE NOT?

    WHY IS THIS HAPPENING & WHAT DO I NEED TO DO IN ORDER TO GET THIS REMOVED?

    WOULD LOVE ANY ADVICE HAVE YOU HAD A SIMILAR SITUATION? WHAT DID YOU DO TO GET AROUND THIS OR SOLVE IT ?

    WHATS THE BEST WAY TO GET A CREDIT AMENDMENT ?

  • Hoenir
    Hoenir Posts: 7,742 Forumite
    1,000 Posts First Anniversary Name Dropper
    edited 17 September 2024 at 9:08AM
    In some situations only time heals unfortunately. There's no short cuts. Would make the credit data that company's pay for and base their lending decisions on worthless. Risk assessment is decided at the macro not the micro level. From that lending policy is determined. 
  • elsien
    elsien Posts: 36,152 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    edited 17 September 2024 at 9:08AM
    You only need one thread, not the three.
    ETA. Now up to 4. 

    You might want to lose the capitals as well because it does make your thread quite hard to read. 

    All shall be well, and all shall be well, and all manner of things shall be well.

    Pedant alert - it's could have, not could of.
  • fatbelly
    fatbelly Posts: 23,030 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Cashback Cashier
    edited 17 September 2024 at 9:08AM
    The default should be backdated to June 2018, and therefore no longer reported. Similar to bankruptcy

    https://debtcamel.co.uk/credit-file-after-bankruptcy/
  • Schwarzwald
    Schwarzwald Posts: 642 Forumite
    500 Posts Third Anniversary Name Dropper
    edited 17 September 2024 at 9:08AM
    Wont even read this post WITH ALL THESE CAPITAL LETTERS!
  • theartfullodger
    theartfullodger Posts: 15,710 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    edited 17 September 2024 at 9:08AM
    When you wrote to Capital one and asked them about it what did they reply, please?

    I can understand why lenders would be interested in people's debt history - not that I am saying it is right to be reported.

    Are you familiar with the shift key's function?
  • ACG
    ACG Posts: 24,619 Forumite
    Part of the Furniture 10,000 Posts Name Dropper I've helped Parliament
    edited 17 September 2024 at 9:08AM
    I would remove your credit card number from the post personally. 

    Have you spoken to transunion?
    - If so, what did they say?  
    Have you spoken to a mortgage broker? 
    - If so, what did they say? 
    Have you spoken to capital 1?
    - If so, what did they say? 

    It looks like there are at least 2 defaults as the last 4 digits differ.  
    I am a Mortgage Adviser
    You should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
  • ManyWays
    ManyWays Posts: 1,399 Forumite
    1,000 Posts Fifth Anniversary Name Dropper
    This is not TransUnion's fault as they have no way of knowing if the Capital One debt was included in your IVA or not, they just report what Capital One says. You need to complain to Capital One as @fatbelly says
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