MARTIN LEWIS LIVE Q&A TODAY WITH RISHI SUNAK
The Chancellor Rishi Sunak will be joining Martin for a live Q&A this afternoon to discuss the cost of living support package being announced today - you'll be able to watch it live HERE on the MoneySavingExpert website, stay tuned for more details
CL Finance - defaults 6 months in arrears
1) I have a default for around 100 pounds (sorry, my pound sign isn't working!!?). The default date is September 2009 and it was my own fault - didn't pay on time I've tried writing to the company and getting them to remove it as a gesture of goodwill (thought it might be worth a try!) but no luck. I've noticed on my credit file that the default wasn't registered until July 2011 - would I be able to ask for it to be removed on the grounds that it wasn't registered in a timely manner??? Or is it a case of grin and bear it? (The debt was paid in full in January 2010).
2) I had a debt with GE finance for around 1500 back in 2005. I entered a DMP with Payplan - there were other debts as well - and I've been making regular monthly payments since the start of the DMP in 2005. Anyway...all of the other debts have now dropped off my credit report (I'm still paying for them monthly) but the only debt left on my credit report is the one with GE finance (it's registered with CL Finance - I don't know whether it was sold on or CL Finance is a part of GE Finance??). When I checked my credit report last week, there was approx 900 pounds still outstanding on that debt - I phoned CL Finance and paid the debt in full, as I had been saving some money to try to clear these debts one at a time. Anyway, every month's payment shows as a 6 for this debt. So, even though I've paid it, my credit report is still going to be a wreck for ages isn't it? Is it right that the payments have been recorded as 6 months late every month, or should a default notice have been registered (because it would have flamin dropped off by now!).
Any advice would be HUGELY appreciated
Thank you all