Can you advise re defaults and credit reports

[dorsetgirl46]

Hi, my friend has two defaults dating back to 11/2003, however on his credit report it says...file updated for the period to 6/2004, what does this mean exactly? I'm fairly certain he hasn't acknowledged or paid anything towards these debts.

 

Also, I found a default letter which states I owe £98, but on my credit report it says £300, this is re Littlewoods, default placed by Phoenix recoveries. I have letters from Littlewoods stating I owe £380, this may be due to charges etc. confusing!

 

If anyone can help I would appreciate it, especially for my friend who is getting married next year and trying to sort his finances out!

[silverfox1961]

HI, Look at the bits in red

 

Hi, my friend has two defaults dating back to 11/2003, however on his credit report it says...file updated for the period to 6/2004, what does this mean exactly? I'm fairly certain he hasn't acknowledged or paid anything towards these debts.

 

The reporting period is when the original creditor last updated the file. They've obviously not bothered since June 04. My advice, don't rock the boat. This debt may already be Statute Barred (depending on payments made)

 

Also, I found a default letter which states I owe £98, but on my credit report it says £300, this is re Littlewoods, default placed by Phoenix recoveries. I have letters from Littlewoods stating I owe £380, this may be due to charges etc. confusing!

 

This has probably been sold by Littlewoods as Phoenix have replaced Littlewoods as the OC. Some dates would be useful

 

If anyone can help I would appreciate it, especially for my friend who is getting married next year and trying to sort his finances out!

 

 

Hope that helps

 

fox

[dorsetgirl46]

Thankyou Fox,

My friend is still getting letters and didnt want to tell them to get lost it statute barred until he was certain that it was! So would you advise that he does nothing until after 6/2010? he is hoping to get a mortgage one day.

[silverfox1961]

If he was defaulted around 11/03 and he has made no payments nor acknowledged the debt (in writing) the debt will be SB by 11/09

 

The cause of action (not the default date) is when the SB clock starts ticking.

For example, your friend stopped paying in August 03, the OC starts making late payment markers on his credit file in september and october then defaults him in November, the cause of action (I believe) would be September 03.

[dorsetgirl46]

He's made no payments, no contact either by phone or letter.

Thankyou for your replies Silverfox.

[silverfox1961]

Well it should drop off his file anytime soon. If anyone tries to collect then a stern bog off letter with the terms "Statute Barred" should suffice.

[dx100uk]

its for them to prove it not statute barred not for you to prove it is.

 

you've [he's] just got a phishing letter list.

ignore all the letters etc.

even if you reply, it will make no diff

the list will just be sold on.

they dont tell each other they are SB debts. else they won't buy the debt!

 

dx

[dorsetgirl46]

Thankyou fox and dx,

My friend just gets fed up with all the letters that arrive! he's tempted to call them but I said NO. These people hope that you haven't heard of Consumeractiongroup and therefore don't know your rights. I think he just needs to sit tight for a bit longer.

Thanks to the helpful advice I have recieved on here, I stopped making payments that I couldn't really afford and told a debt collector that arrived at my door without an appointment to come back next week, then I told him I would pay it back at £5 a month and not a penny more!

I used to be too scared to open the letters before I found this site.

 

Thanks again, hope it's a sunny day wherever you are as it is here in Dorset!

[dx100uk]

I stopped making payments that I couldn't really afford and told a debt collector that arrived at my door without an appointment to come back next week, then I told him I would pay it back at £5 a month and not a penny more!

I used to be too scared to open the letters before I found this site.

 

Thanks again, hope it's a sunny day wherever you are as it is here in Dorset!

 

well i hope you checked the Co. has a CCA?

 

dx