3 Defaults Help!!!

[Paul11981]

I am looking to get a mortgage early next year and decided to check my credit rating as I knew it would be bad. My score is currently 600 with experian "poor". I currently have 3 defalts;

 

Cabot

Original debt with Barcleycard

Defaulted 31/02/2005 £707

Current balance- £1061

This debt has now been passed to a company called fire to recover the debt.

 

Lowell Portfolio

Original debt Capital 1

Defaulted 01/10/2005 £798

I have had no contact from this company as I believe they have an old address.

 

Aktivcapital

Original debt Topman store card

Defaulted 08/12/2004 £219

Settled 08/03/2009

I settled this as the were hounding me.

 

I was looking for someone to give me some advice if you can spare the time, as I am completely useless at these matters. I have read that some people have had some success in having these defaults wiped from their credit files, which is what I would like to do to give myself a chance of getting a mortgage. I hope someone can offer some advice. Thanks for taking the time to read this.

 

Paul

Edited August 28, 2009 by Paul11981

[djfr1]

Sadly, they are there to stay. You can't wipe them but they will drop off after 6 years from the original default date.

I have heard that it can improve your score if they show as settled. IMO you should work on getting them settled if you can, and then manage your credit file well untill the six years rolls over to ensure you are in a strong possition when it does...

[Paul11981]

Sadly, they are there to stay. You can't wipe them but they will drop off after 6 years from the original default date.

I have heard that it can improve your score if they show as settled. IMO you should work on getting them settled if you can, and then manage your credit file well untill the six years rolls over to ensure you are in a strong possition when it does...

 

 

When you say original default date do you mean when the DCA defaulted me or the original credit company? thanks

[Paul11981]

Has anyone had any success removing defauls from their file? Any advice would be great.

[Paul11981]

Please!!!!!!!!!!!

[Agathachristie]

I am currently with the information commissioner to get the default out of the way. I just said I never received a letter warning from the company that they put me on default. With a bit of luck that helps. But its a long process.

1. Write to the original company insisting on removing the default as it is wrong.

good luck

[GreatWonder]

1. Write to the original company insisting on removing the default as it is wrong.

 

And what if the default is infact correct?

[Agathachristie]

Its a try I learnt here. The problem is that the company needs prove of sending! If they can't do that then the default is out of the way. If they can its tough and he has to wait for 6 years of the first default notice.

[loobyloo35]

I am in the same position, I have a Default from Avon, I have never received a Default Notice. I sent them the Section 10 letter which they just basically laughed at and still haven't removed it.

 

Advice on here would be greatly appreciated, thanks

[Agathachristie]

Why bother with requestinig information? At the court THEY have to prove everything. So send them a letter telling the default is wrong and that they have to remove it. Allow them 40 days and then send a letter to the Information Commission. You need prove of sending though. In the meantime send a rimder to Avon.

[Paul11981]

Thanks for the tips, it would be great to hear from anyone who has been down this road before, weather sucsesseful or un sucsesseful.

[joemay]

When you say original default date do you mean when the DCA defaulted me or the original credit company? thanks

 

Original default, can't have 2 for same account. Did OC place default & then later DCA?

[Paul11981]

Original default, can't have 2 for same account. Did OC place default & then later DCA?

 

Not sure, I only recently checked my credit file and found these. Unsure if I was defaulted by the oc. Is there any way to find out? Thanks for your help.

[janeywaney]

I have 2 defaults but wasnt informed that i would get them. Anything i can do about that?