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  • FIRST POST
    • User0251287
    • By User0251287 12th Aug 18, 4:29 PM
    • 6Posts
    • 0Thanks
    User0251287
    Requesting a default to improve credit rating
    • #1
    • 12th Aug 18, 4:29 PM
    Requesting a default to improve credit rating 12th Aug 18 at 4:29 PM
    Hi all,

    Just after a bit of advice on defaults and credit reports. In Q3 2012 I had run up unsecured debts of around 20k ( aged 23!). I entered into a DMP with Stepchange/CCCS and managed to repay the debts within 4 years due to most of my creditors kindly freezing interest and charges! All my debts are now settled Several of my creditors defaulted me after missing a few payments and these defaulted debts have now dropped off my report . Three of my creditiors (RBS, Barclaycard and Newday) did not default me and my question relates to whether I can ask them to retrospectively add a default date in order for the debts and payment history to disappear off my credit report?

    Thanks in advance
    Last edited by User0251287; 13-08-2018 at 10:52 AM.
Page 1
    • Gary_Dexter
    • By Gary_Dexter 12th Aug 18, 5:50 PM
    • 1,725 Posts
    • 997 Thanks
    Gary_Dexter
    • #2
    • 12th Aug 18, 5:50 PM
    • #2
    • 12th Aug 18, 5:50 PM
    You can ask.

    But if they!!!8217;ve marked them as AP then that!!!8217;s correct
    • Willing2Learn
    • By Willing2Learn 12th Aug 18, 5:58 PM
    • 773 Posts
    • 602 Thanks
    Willing2Learn
    • #3
    • 12th Aug 18, 5:58 PM
    • #3
    • 12th Aug 18, 5:58 PM
    You can ask.

    But if they've marked them as AP then that's correct
    Originally posted by Gary_Dexter
    Ditto to this.

    @OP - Well done on becoming debt free!!!
    I work within the voluntary sector, supporting vulnerable people to rebuild their lives.

    I love my job

    • fatbelly
    • By fatbelly 12th Aug 18, 6:18 PM
    • 12,546 Posts
    • 9,602 Thanks
    fatbelly
    • #4
    • 12th Aug 18, 6:18 PM
    • #4
    • 12th Aug 18, 6:18 PM
    Yes you can - quote this

    https://forums.moneysavingexpert.com/showpost.php?p=72059053&postcount=4
    • User0251287
    • By User0251287 12th Aug 18, 7:23 PM
    • 6 Posts
    • 0 Thanks
    User0251287
    • #5
    • 12th Aug 18, 7:23 PM
    • #5
    • 12th Aug 18, 7:23 PM
    Thanks! Have you heard of any successes with this method?
    • binaryuniverse
    • By binaryuniverse 12th Aug 18, 7:29 PM
    • 736 Posts
    • 458 Thanks
    binaryuniverse
    • #6
    • 12th Aug 18, 7:29 PM
    • #6
    • 12th Aug 18, 7:29 PM
    I managed to get Barclays to remove my AP from my file, after arguing that it put me in a far worse position than a default. It's definitely worth a go. Although if they you're no longer paying them they may not be as forthcoming.

    But, don't ask, don't get. Send a letter to each of the creditors stating your case, and go from there.
    • User0251287
    • By User0251287 13th Aug 18, 1:24 AM
    • 6 Posts
    • 0 Thanks
    User0251287
    • #7
    • 13th Aug 18, 1:24 AM
    • #7
    • 13th Aug 18, 1:24 AM
    Thanks all. I have sent emails to all 3 via resolver after doing some research. I will update as to how I get on for anyone else who may stumble across this post.
    Last edited by User0251287; 13-08-2018 at 10:52 AM.
    • DCFC79
    • By DCFC79 13th Aug 18, 8:47 AM
    • 32,307 Posts
    • 20,319 Thanks
    DCFC79
    • #8
    • 13th Aug 18, 8:47 AM
    • #8
    • 13th Aug 18, 8:47 AM
    Remember that your credit rating is only seen by yourself and no 1 else, lenders see your history.
    • User0251287
    • By User0251287 13th Aug 18, 10:50 AM
    • 6 Posts
    • 0 Thanks
    User0251287
    • #9
    • 13th Aug 18, 10:50 AM
    • #9
    • 13th Aug 18, 10:50 AM
    Yes but my understanding is that if the debts are defaulted back to 2012 when I originally fell into arrears, the history for each of these debts will disappear 6 years after the date of default. This will improve my own credit rating and should make me more attractive to mortgage lenders
    • Gary_Dexter
    • By Gary_Dexter 13th Aug 18, 11:13 AM
    • 1,725 Posts
    • 997 Thanks
    Gary_Dexter
    It will make it look more attractive to lenders because you no longer have the defaults on your credit files yes.

    But not for the made up score or rating that no one sees
    • User0251287
    • By User0251287 13th Aug 18, 3:41 PM
    • 6 Posts
    • 0 Thanks
    User0251287
    I do not have defaults on my credit report. I think you have misunderstood my original post. I understand the score is made up by Experian. I am trying to improve my chance of a mortgage by cleaning up my credit history. I am asking lenders to default my accounts back to 2011 so that the adverse information disappears from my report.

    FIRST SUCCESS! Barclaycard called less than 24hrs after sending my complaint via resolve and agreed to my request. One step closer to a successful mortgage application. Just RBS and NewDay to go
    • Willing2Learn
    • By Willing2Learn 13th Aug 18, 3:45 PM
    • 773 Posts
    • 602 Thanks
    Willing2Learn
    ...I am trying to improve my chance of a mortgage by cleaning up my credit history. I am asking lenders to default my accounts back to 2011 so that the adverse information disappears from my report.

    FIRST SUCCESS! Barclaycard called less than 24hrs after sending my complaint via resolve and agreed to my request. One step closer to a successful mortgage application. Just RBS and NewDay to go
    Originally posted by User0251287
    Well done! If they give you problems, don't forget to quote the ICO as per post #4
    I work within the voluntary sector, supporting vulnerable people to rebuild their lives.

    I love my job

    • luvsmoothies
    • By luvsmoothies 14th Aug 18, 1:11 PM
    • 536 Posts
    • 364 Thanks
    luvsmoothies
    I'm a bit confused(not for the first time I know!). I always thought an arrangement to pay was preferable to a default, considering that payment has been agreed rather than a default where no payment is ongoing.
    • Willing2Learn
    • By Willing2Learn 14th Aug 18, 1:18 PM
    • 773 Posts
    • 602 Thanks
    Willing2Learn
    I'm a bit confused(not for the first time I know!). I always thought an arrangement to pay was preferable to a default, considering that payment has been agreed rather than a default where no payment is ongoing.
    Originally posted by luvsmoothies
    Not if clearing the debt takes longer than six years.

    • Person A makes no attempt to pay their creditor and the account goes into default. The account drops off their credit file after six years.
    • Person B comes to an arrangement to pay (AP) over 12 years. The account stays on their credit for 18 years, only dropping off six years after the account is settled.
    • Person A is better off than person B because of the way the account is recorded in their credit file, even though they never paid their debt.
    • This anomaly is unfair to person B. Why should person B be penalised for choosing to settle their debt?
    • This anomaly is recognised by the ICO, so that the AP can get recorded as a backdated default, so that person B is no worse off than person A, so that the unfairness of the situation is corrected.

    Does that make sense??
    Last edited by Willing2Learn; 14-08-2018 at 1:35 PM. Reason: Clarity
    I work within the voluntary sector, supporting vulnerable people to rebuild their lives.

    I love my job

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