Default removals

[tracyab1972]

Hi

 

A few years back I was struggling as a single parent and received several default notices on my credit file. Some are now settled, which show as satisfied and there are still some which I need to pay off.

 

It is almost 6 years since they have they were filed on my credit report and I know that they will be removed then, but does anyone know if my credit score will then improve.

 

I now work full time and would like to look into getting a mortgage quite soon. I know I wont get one with the default notices still showing on my report and would be grateful from some advice.

 

Thanks

T

[maroondevo52]

Hi, I'm no expert in the subject, but when your Defaults drop off,(ouch ! sounds painful) I would imagine this would make your credit file look a whole lot healthier

 

 

Regards.

 

Scott.

[CourtOfficerSpeaks]

It should do - i'm not sure about Scotland but check experian.co.uk

[Risky1]

Hi there,

 

Yeah, it does 6 years from either settlement or 6 years from the date of default and off they go as if by magic and your credit file looks a whole lot rosier. Just watch you don't have too much credit or too many applications or searches as these can pull down your score also, but in reality it depends on individual companies lending and underwriting criteria but no defaults or CCJ's will help alot!

[tracyab1972]

Great! Thanks for all the replies

[tracyab1972]

Hi

 

Can anyone advise me on how my credit score has improved....not that I'm complaining! My score was at very poor last week when I check credit expert and has been for the past few years. Today when I checked this has jumped up to 728 points at a fair score. Last week when I checked my report I had a settled default and missed payments on an account I am disputing the PPI with. These are now gone from my file and the file now only shows satisfactory accounts. I have purchased a house in December with a poor mortgage company 'redstone' and updated my details, such as my address, a couple of days ago with credit expert. I am wondering if it is because my address has changed. Do you think my bad file be updated onto my 'good' report, causing me to go back to a very poor rating? Any help would be appreciated, thanks:D

[90DC]

bump

[tracyab1972]

Is it £14.95 to get your credit score from Equifax? I have the free 30 day trial to view my report... if they are selling the score for nearly 15 quid then this is daylight robbery. I thought it was bad that Experian charges £5.99 for there's...but this is a bargain in comparison:-(

[Newborn]

Is it a score or a report you're after? If it's the report then get the £2.50 statutory one. The trouble is that there are 3 CRAs (Equifax, Experian and Call Credit) that process your data and for completeness you need a report from all three.

[tracyab1972]

I have the report from Equifax and my report plus score from Experian. I know of the other CRA, but find it outrageous that Equifax charge 15 quid to buy their score:mad:

[Newborn]

A credit score is a very subjective thing. Each CRA and each lender have their own criteria for measuring this. You can have a good score with one and a c**p one with another. IMHO they are not worth the cost, unless you are looking for more credit (loan / remortgage / contract).

[tracyab1972]

I was missold PPI from Welcome Finance and im now in the process (3rd attempt) at getting my SAR from them. I paid my car off in full and VT'd it over 2 years ago, with the understanding that I owed them nothing. They came and took the car away and I thought that was the end of things until they sent me a bill for something like £400 in unpaid PPI. Anyway, to cut it short, I haven't paid them anything towards this for over 2 years now, but after checking equifax it states that my account with Welcome is ' in arrears' It shows 1 2 3 0 1 2 3 in missed payments. They obviously wont go down the route in defaulting me for some reason. Are they allowed to do this? Shouldn't they be showing true and accurate information? It only ever goes up to 3, never 4 5 or 6 :? :? :?

[tracyab1972]

Hi

 

I want to tell a company that they should not serve a default notice against me as my account is in dispute. Can anyone tell me if I can get a template on here.

 

Thanks

[tracyab1972]

bump

[dx100uk]

in the template library

 

how is the a/c in dispute?

 

dx

[tracyab1972]

Im reclaiming the missold PPI and I have been told by them that they are going to default it if I dont start repaying them the PPI. I want to add into my reclaim letter that they aren't allowed to default whilst the account is in dispute.

[tracyab1972]

Cant find the letter I need, can you help me find it please?

[dx100uk]

you have all the big guns firing for you in your other thread in the ppi section

 

cant see the point of starting another

 

dx

[tracyab1972]

thank for your constructive advice and sorry for committing the crime of the century!

[tracyab1972]

Hi all,Sorry in advance if this question has been asked a thousand times already, but can anyone point me in the right direction as how to get defaults removed from my credit file? I have three from 2007 all of which were either repaid credit card charges or PPI, which I won back. I know for a fact that one of them did not serve a default notice on me, but think the others did. I just need to know where to start to try and get this removed. Any help would be appreciated.Thanks

[dx100uk]

you will have a very hard time doing this..

IF you can PROVE that the defaults were solely due to a balance made of unlawful charges & those 'specific' charges were to blame & they hasve been refunded, then you MIGHT have a chance on those, as the OC by refunding admits they were wrong to chargew you - so thus wrong to default you.

 

however. thats a rare event.

 

i think p'haps you need to tell us more & i wouldn't rely on paperwork 'errors' either, not since rankines and the hornets nest stirred up by all these reclaim co's.

 

dx