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amex didn't default account till 4yrs after last payment - is this fair?


southsider
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I have one outstanding default on my credit report for a charge card.

 

 

The last payment made was before 2006

 

 

but the company Amex just logged late payments on file and didn't set the default marker for four years!

 

 

That was 2010 so it still has 18 months to run before it drops off.

 

Isn't it reasonable for defaults to be applied after 6 to 9 months of missed payments not 4 years?

 

Can anyone advise best course of action removing this as I believe it to be statute barred.

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you might get some luck if you send them a pleading letter

 

 

however, sadly there's no longer any rules or guidelines

that state anything since the latest ICO guidelines remove the unfair timescale .

please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

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