Jump to content


Advice on Westcott and Moorcroft


style="text-align: center;">  

Thread Locked

because no one has posted on it for the last 2407 days.

If you need to add something to this thread then

 

Please click the "Report " link

 

at the bottom of one of the posts.

 

If you want to post a new story then

Please

Start your own new thread

That way you will attract more attention to your story and get more visitors and more help 

 

Thanks

Recommended Posts

Hi all and thanks in advance for your help.

 

I defaulted on some debt after losing my job.

The defaults were for a credit card and a loan and were in June 2011 and July 2011.

 

 

Am I right to think that these will fall off my credit file automatically shortly after June and July 2017?

Or will they stay on but just show the last six years of credit history associated with them?

 

In the meantime I have managed to maintain and pay credit that has appeared on my credit reports as well.

These include a Barclays credit card,

a Lloyds credit card and

an O2 phone agreement.

 

 

The minimum payment for each of these has been made each month

(other than three occasions in 2014 where there were late payments)

and often much more than the minimum payment has been made (e.g £400 instead of £30).

 

 

The Lloyds credit card has now been paid off in full and I have no intention of using it again but I have kept it open.

 

 

My remaining credit card has a limit which is being raised to £4500 some time this month (by the bank not at my request)

with a balance of about £200 which I am planning to clear on payday at the end of May.

 

My question is,

if the defaults disappear from my file next year,

what is likely to happen to my credit score?

 

 

At the moment on my Noddle report it sits at something like 560.

Once the defaults have gone is my score likely to shoot up if mY credit rating is considered satisfactory

or will it take time to build back up?

 

 

I appreciate Noddle is just a free report and will buy my Experian report closer to the time.

 

I ask as my husband and I hope to be in a position to buy a property within the next two years

and am wondering if we would be best leaving it for a while after the defaults have come off before looking seriously

or if we can just get cracking once the defaults have gone.

Link to post
Share on other sites

All references to a defaulted debt must be removed from your credit files after 6 years

has passed from date of default, whether paid off or not.

.

{the WHOLE ACCOUNT WILL VANISH, never to return}.

.

{however, this does not mean the debt itself is not still owed

consider a CCA request.}

.

This is so that someone who continues paying something

- even after 6 years from default

- should not be at a disadvantage to someone who pays nothing after default

and ends up with a clean file after 6 years.

.

NOTE: {the bracketed text is not ICO guideline but my advise]

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... 

Link to post
Share on other sites

once the above happens

your credit report should shoot up

then you can move forward

 

 

dx

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... 

Link to post
Share on other sites

Thanks for such a quick response. I will look into CCAs.

 

I currently pay a small amount to two debt collection agencies via direct debit.

They occasionally send me settlement offers which I have ignored having never been in the position to satisfy them before.

 

 

They haven't got in touch with me a couple of years now and I've just kept paying the agreed amount (£12 and £20).

 

Can they take any action to try to recover more from me once the six years are up?

I am keen to eventually settle the debt with them

and would likely be in a position once being on the poperty ladder as due to the area we live in,

any mortgage is likely to be £400-£600 cheaper than our rent is per month.

 

I'm definitely looking forward to the improved report!

Link to post
Share on other sites

why are you blindly paying debt collector?

they are NOT BAILIFFS.

 

 

and have offered discounts..urm..lemon debts too then..

 

 

dx

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... 

Link to post
Share on other sites

  • 1 year later...

I've been paying Moorcroft and Westcroft a nominal amount of money for two debts I defaulted on sixt-ish years ago. I posted previously here about something else and got the impression I was being an idiot to have paid them anything. I was pregnant at the time and couldn't deal with the stress of stopping and then coming after me so I left it.

 

However, -a year or two down the line and I'm wondering if I should continue to pay them. If not, what should I do? Make a settlement offer? I'm completely clueless. I will be buying a house next year so am slightly scared of upsetting the apple cart when they've pretty much left me alone. I know they can't default me as you can only be defaulted for a debt once but I also don't trust them and worry about what they will do.

 

Thank you for any advice.

Link to post
Share on other sites

ive merged your old thread for the history

 

 

so who are Moorcroft and Wetcloths clients please?

as neither are debt buyers they simply collect for whomever is their client..

 

 

dx

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... 

Link to post
Share on other sites

  • Recently Browsing   0 Caggers

    • No registered users viewing this page.

  • Have we helped you ...?


×
×
  • Create New...