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Taking a debt of Credit File
Mm2066
Posts: 1 Newbie
Hello
I was wondering if anyone can help please.
So I Defaulted with Wageday Advance and was paying them back a monthly rate. However as they went into administration and now my balance is 0 ( yay!!). My question will be because I should not of been approved for the loan in the first place will this be taken of my file now or will it still show up as defaulted even though it has been moved to someone else.
Many Thanks
Mike
I was wondering if anyone can help please.
So I Defaulted with Wageday Advance and was paying them back a monthly rate. However as they went into administration and now my balance is 0 ( yay!!). My question will be because I should not of been approved for the loan in the first place will this be taken of my file now or will it still show up as defaulted even though it has been moved to someone else.
Many Thanks
Mike
0
Comments
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The credit reporting is unaffected by any sale of a debt.0
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It will still show.
If you should have never been approved for the loan then maybe you shouldn't have applied for it?0 -
have the same problem. what should I do?0
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About what (in the unlikely event this isn't post building)?0
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have the same problem. what should I do?
There's nothing you can do to remove it from the credit file. You owe any outstanding amount to the administrators who may or may not come after it in due course.This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com0 -
Hello
I was wondering if anyone can help please.
So I Defaulted with Wageday Advance and was paying them back a monthly rate. However as they went into administration and now my balance is 0 ( yay!!). My question will be because I should not of been approved for the loan in the first place will this be taken of my file now or will it still show up as defaulted even though it has been moved to someone else.
Many Thanks
Mike
You need to expand on this a little more, you say your balance is nil, was this as a result of a mis-selling complaint that was upheld ?
If so you should have asked for the information to be removed from your credit file as part of the settlement.
If on the other hand, it was not the result of a complaint, then your "balance" (unless paid off by you) will have been sold on to a debt purchasor, just because a company goes into liquidation does not mean your debt is wiped, far from it.
Your credit file will reflect your financial conduct.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-letter0
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