Couple of defaults - can I shift them??

[Gunner77]

Copy from credit file of my 2 remianing defaults -

 

Company name:CITIFINANCIALAccount type:LoanSpecial Instruction Indicator:Partial SettlementSpecial Instruction Start Date:01/06/2005Started:26/01/2005Default Balance:£334Current Balance:SatisfiedRepayment Period: Monthly Payment: £162 over 12 months Defaulted On:12/09/2005File Updated for the Period to:23/02/2009

 

And the other one:

 

Company name:CAPITAL ONEAccount type:Credit card / Store cardStarted:24/09/2003Default Balance:£746Current Balance:SatisfiedDefaulted On:15/09/2006File Updated for the Period to:07/01/2007

 

My chances and what I can do? Thanks.

[mothsinmywallet]

There is a chance but it will be long and drawn out. Defaults will drop off your credit file after 6 years but if you want to have a go at removing them now the only real way is to CCA the companies concerned to see if they have a valid signed agreement. If they dont then you can state that they have no right to share information with credit reference agencies without your signed consent and must delete the entries.

 

However.... as the accounts are settled they dont have to send out an agreement. You can SAR them but will cost you £10. The statements and paperwork they send out should contain any CCA and you can tackle them from there.

[Gunner77]

Well in terms of credit scoring, how much impact can the above 2 items still have? I have an exemplarary record over the past 12 months.

[gizmo111]

Depends on what type of credit you are applying for.

[Gunner77]

Looking at a house purchase!!!! No debts and only the 2 defaults. Thanks

[gizmo111]

Best to go to a broker then and see whose lending criteria you meet at present.

[Gunner77]

So in your opinions it is not worthwhile trying to get these 2 defaults removed? Would it even be possible? Thanks.

[cadencealex]

Where the defaults made up in any way of penalty charges?

 

It is unlawful to default an account if any of the balance is comprised of charges.

 

Although Capital One are complete to55ers when it comes to this

 

I am at stalemate with them and am having to send a LBA which I will to today on my day off.

[Gunner77]

The Capital One account was made up of charges, yes. So what do I need to do? Thanks.

[cadencealex]

The Capital One account was made up of charges, yes. So what do I need to do? Thanks.

 

 

First you need to send them a SAR notification and enclose £10 - you can find the template in the Bank Templates Library

 

Send a postal order for £10, without your signature on.

 

Then you need to add up all the charges, and send them a letter stating you are claiming them back and you want to remove the default..

 

It is hard work, I have done all of this and they have refused so I am now sending them the Letter Before Action which tells them if they dont give me charges back, remove default I will start court proceedings.