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Creation default nightmare***Resolved***


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Please can someone shed some light on this for me.

 

Long story short,

 

I have a credit account that was opened in 2010, it defaulted in 2011,

CCJ in 2012 and interim charge order in 2012,

 

This account has only been reported on my credit file from 2014.

no info is showing for 2012 or 2013 therefore no default shows up and the account is reported as 6mth late payment.

Is this correct?

 

if I pay the debt in full does the whole debt fall off my file as it was over 6years old in 2017 or stay for another 6 years after payment.

 

The company say that the default was issued in 2011 and that they will continue to update my file with 6mth late payment until I pay the debt In full even if that’s for another 20 years.

 

Surely this is unethical, are they able to do this?

 

Thanks in advance

Edited by dx100uk
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The default should have been placed in 2011 and run from that date until its 6th Anniversary (2017) at which time it was fall of your CRAs.

The CCJ would have been registered from 2012 and again will run as above until 2018.

 

If you have documentary evidence submit a report to the CRAs and ask for a note of correction to be placed on file and also write to Creation to inform them to make a correction.

 

 

Andy

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Thank you Andy

Creation have said that the default were added to the accounts (I have two) 24/11/2011 and 9/01/2012.

 

Over the phone they said if I pay the remaining balance in full they will update the file.

If I don’t pay they won’t.

 

Sounds Like black mail to me, as like you say they should already have dropped off due to the date.

 

I know I still have to pay the debt but I need to sell my property and pay with the equity.

 

However, I need to Secure a mortgage first and I can’t because of how they’ve reported this.

 

if I can get it removed as it should be there is no problem and the debt can be paid.

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paying it wont remove it

the card entry should'nt be there if they issued a default notice in 2011

 

but as andy says

the CCJ will still show till its 6th birthday

 

and wont be removed even if you get the default sorted.....

 

that alone will kill the mortgage

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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I have a lender that will accept the ccj.

 

The problem is creation won’t enter the correct default date with Equifax If they do it will drop off.

 

Can I force them to apply the correct default date if so how?

 

As it stands the ccj with drop off before the defaulted account because they haven’t applied the default. which can’t be right.

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strange they'll accepts a CCJ not a default..

 

have you written proof from creation that they did serve a default notice in 2011?

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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Share on other sites

It’s not the default that’s the problem it the fact the because the default is not on the account as it should be with Equifax,

 

creation are reporting it as 6 months late payments on an account that should not be showing as it over 6 years old.

 

It a backhanded way of ruining your credit file for longer than the six years.

 

if I don’t pay or get the defaulted corrected it would continue for ever as 6 months late payments.

 

No written proof just what they have told me over the phone.

 

Defaults dates are 24/11/11 and 9/1/2012

 

Here’s Screen shot of how it being reported

04C45225-6746-4C99-B995-498C2C86D35E.jpeg

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if they issued a default notice

then they should have entered a defaulted date in the debt summary not just the 6 in the calendar section.

 

once you have written proof from their comms or account log

or they send a copy of the default notice to you, you have no written proof to complain to the Information Commissioners office with.

once you have that proof they will rule in your favour and the default will be registered correctly and thus the account will vanish from your file.

 

so get an sar running to creation and get everything they hold on you.

 

I still find it mighty strange a lender will accept a CCJ, which normally kills a mortgage dead

but will not accept the debt that caused the CCJ .....weird

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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There are many many lenders that we accept defaults, arrears (non in the last 3 months.) Ccj sat or unsat. Non in the last 24 months. DMP if in place for over 12mths and can still remain. Rates are around 3.5% ( still cheaper then rent) and increase with the amount of adverse credit you have. Remortgage in 2years and get a better rate as adverse is older.

 

Thanks for your advice. I appreciate it and will start to get that written proof.

 

Thanks again

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what was the original debt

and who is registered and the claimant on the CCJ and the CO?

is this a debt in your sole name or joint and it the property sole or joint its registered against?

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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Share on other sites

good lad!!

 

furniture loan?

 

I bet 90% of it was penalty charges and PPI/insurances you should have defended it

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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Share on other sites

Just a quick update after lots and lots of phone calls to creation they have agreed to apply the default at the date issued which was 2011 and early 2012. So these accounts with be removed from my credit file at the most 28 days time.

 

So now I can move on to get my mortgage.

Thank you all for taking time to answer my questions and giving advice.

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good work

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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Share on other sites

Excellent and well done Creation Finance ...thread title amended to reflect the outcome.

 

Regards

 

Andy

We could do with some help from you.

PLEASE HELP US TO KEEP THIS SITE RUNNING EVERY POUND DONATED WILL HELP US TO KEEP HELPING OTHER

 

Have we helped you ...?         Please Donate button to the Consumer Action Group - The National Consumer Service

If you want advice on your Topic please PM me a link to your thread

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