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  • FIRST POST
    • Mm2066
    • By Mm2066 20th May 19, 11:51 AM
    • 1Posts
    • 0Thanks
    Mm2066
    Taking a debt of Credit File
    • #1
    • 20th May 19, 11:51 AM
    Taking a debt of Credit File 20th May 19 at 11:51 AM
    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
Page 1
    • zx81
    • By zx81 20th May 19, 11:53 AM
    • 22,507 Posts
    • 24,720 Thanks
    zx81
    • #2
    • 20th May 19, 11:53 AM
    • #2
    • 20th May 19, 11:53 AM
    The credit reporting is unaffected by any sale of a debt.
    • Gary_Dexter
    • By Gary_Dexter 20th May 19, 12:18 PM
    • 4,769 Posts
    • 3,108 Thanks
    Gary_Dexter
    • #3
    • 20th May 19, 12:18 PM
    • #3
    • 20th May 19, 12:18 PM
    It will still show.

    If you should have never been approved for the loan then maybe you shouldn't have applied for it?
    • anee
    • By anee 20th May 19, 1:24 PM
    • 1 Posts
    • 0 Thanks
    anee
    • #4
    • 20th May 19, 1:24 PM
    • #4
    • 20th May 19, 1:24 PM
    have the same problem. what should I do?
    • zx81
    • By zx81 20th May 19, 1:27 PM
    • 22,507 Posts
    • 24,720 Thanks
    zx81
    • #5
    • 20th May 19, 1:27 PM
    • #5
    • 20th May 19, 1:27 PM
    About what (in the unlikely event this isn't post building)?
  • archived user
    • #6
    • 20th May 19, 1:28 PM
    • #6
    • 20th May 19, 1:28 PM
    have the same problem. what should I do?
    Originally posted by anee
    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.
    • sourcrates
    • By sourcrates 20th May 19, 4:14 PM
    • 17,448 Posts
    • 16,450 Thanks
    sourcrates
    • #7
    • 20th May 19, 4:14 PM
    • #7
    • 20th May 19, 4:14 PM
    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
    Originally posted by Mm2066

    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 Board Guide on the Debt-Free Wannabe, Credit File And Ratings, and
    Bankruptcy And Living With It, boards. "I volunteer to help get your forum questions answered and keep the forum running smoothly".

    Board guides are not moderators and don't read every post. If you spot an abusive or illegal post then please report it to forumteam@moneysavingexpert.com. Any views expressed are mine and not the official line of MoneySavingExpert.com.

    For free debt advice, contact either : Stepchange, National Debtline, or, CAB.
    • robber2
    • By robber2 20th May 19, 10:43 PM
    • 412 Posts
    • 360 Thanks
    robber2
    • #8
    • 20th May 19, 10:43 PM
    • #8
    • 20th May 19, 10:43 PM
    have the same problem. what should I do?
    Originally posted by anee



    pay it off
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