Hello

After a period of ill health I am finally back to work.

I checked my credit history which is so shocking.

i have 1 x default June 2016 for £5K (company offering to settle for 2.5 K - should I settle and what difference will it make).

I have four missed payments on my credit card and its maxed to £3500

- again should I pay and clear the whole bill now and request they remove the missed payments from my account?

how do I convince them to do this as a gesture of good will?

I have also got a 3 x missed payments for a phone Three

- I closed the account and genuinely dont know why they are marking this against my file

- again should I just pay this and request they remove the marks as a gesture of good will?

My parents have offered me money to clear all of the above debts.

Will doing so improve my credit score?

and how quick will that happen?

I am hoping to get a morgage in the next couple of years.

Many thanks

does not matter if you clear them now the defaults will stay for 6 years .

I would do yourself a income and expenditure sheet and make a offer after doing all your prioirity debts and that's what you pay them But only if they freeze all interest and charges otherwise just pay them £1 a month

There is no point in paying back any of the debts or just not paying back the defaulted one?

Is your advice to repay credit card and the Three phone bill (I really dont believe I owe this money).

It seems mad that they would rather punish you then accept their money in a win win suitaution for all concerned!

Also, can anyone please advise what the process a company should go through before regestering a default againt you?

name names

what does your credit file say?

ok there is two ways your credit file can be marked AP or default its actually beter to have the default because it drops off after 6 years however with AP they can continue to mark it so you will never get rid of it with out a fight .

A the moment if anyone has not frozen interest and charges after you asked for help drop them down to £1 a month and write to them again inclosing a I & E and if they do not freeze charges then just pay them a £1 a month.

As for you clearing the ones that have not defaulted its up to you but your credit file has already been marked by them so you would be throwing money away . I was in the same position as you and I told the relative to save their money the files already trashed for 6 years

Zopa is the loan

Aqua is the credit card

So advice is to pay none of these lenders back becuase it wont sort out my credit any quicker?

Thats so crap!

who are listed as the owner on your credit file aqua/zopa or a DCA?

Zopa for the loan but they have asked CRS to manage it when I spoke with th yesterday.

Aqua own the credit card debt, I can clear that bill too but don’t know what to do for the best.

The Zopa default is nearly two years old now

YOU NEVER EVER RING A DCA!

they ARE NOT BAILIFFS

and have

ZERO LEGAL POWERS.

how old is this aqua card?

is it newday or Halifax [aqua is a brand name.]

I phoned Zopa not the DCA - I only found out from my call with Zopa they were managing the account- she said they had not sold my debt.

Aqua is with newday finance. The last three payments have been late

right so 3 debts

all defaulted?

not much you can do

you might as well burn that money for all the good it will do your credit file

the defaults and the whole account falls from your file on the defaults 6th birthday.

regardless to if paid, paying or not.

I have one default and have until Friday before they default me on the other two....

so am I best saving myself from myself!

As in pay off the credit card and phone and don’t pay off Zopa?

Because the I have four years of defaults left not 6 if I get new defaults again (hope this makes sense?)

read the default notices

what are the sums they are after and by what dates.

can you scan them up

read upload

is the 3 debt charges till end of contract

which the FCA have said are not fair to charge.

I can only see the default notice on my credit report. I have no notice from zopa aprt from it being in my credit file.

They are after the 5K outstanding and every month the file gets market default. They have said I can settle the account for £2.5K in a recent email.

Do you want me to scan the Credit report?

The Three (mobile) missed payments are really confusing as I had finished the contract and got a new mobile contract with Vodafone. I’m going to phone three tomorrow and find out why payment they are on about but looks like it’s been sold to some debt company as they keep emailing me now

have until Friday before they default me on the other two....

then how do you know the above if you've not received default notices threatening to default you?

If any obtain a CCJ, it will impact your credit file more than any default IMO

3 CCJs don't bear thinking about.

They will default me from friday as that’s when month 4 payments are due.

Hope this makes sense?

I’ve not had any communication from any one of the companies I have been defaulted.

I can see from my credit file I have a default on the Zopa loan, the default was applied after three missed payments (almost two years ago)

The credit file has me down for three missed payments each on the Three account and the Aqua credit card account.

I feel you are far too late coming here to try and sort this

if the 4th payments are imminently due.

they will already be in the system to register the defaults.

you could directly approach each original creditor offering a lump sum [don't say how much] on the sole understanding that they REMOVED totally the account from you credit file and would they be open to doing this as a gesture of goodwill as you have been a good customer to date and you wish to better you and your families life shortly with a mortgage but wont be able to if the negative info exists on file.

now we have the full story your 1st post makes sence

You don't receive any notification of any planned default. It would defeat the object of credit referencing.

You alone are responsible for any default and subs outcome.