clearing credit rating

[princess5]

i have red marks on my credit report from experian, at the min iam protesting the agreements to my lloyds loan, lloyds have now placed 5 red marks on my report now, can they do this as the loan is being disputed at the minute? i have been doing this since may 2009 and i still havent recieved the orginal agreements i have asked for under s77.78. can i send a letter to experian to wipe these marks off? please help

[camuk]

Lloyds TSB Credit Cards - Page 3 - MoneySavingExpert.com Forums

 

Hope this help

[princess5]

thanksbut didnt really give me any info, need a letter template or something to send to experian as the the loan is in dispute at present

[esmerobbo]

It was thought that if an account was in dispute you had a case not to have late or missed payments put on your Credit reference files. However since McGuffick V RBS companies have the courts say so to place these markers.

Without a CCA LloydsTSB can not enforce the loan but placing markers and asking for repayment is no longer deemed as enforcement.

 

Experian cant remove the information only LloydsTSB can. Writing to Experian they will then contact LloydsTSB who have 28 days to answer. If they say it stays it stays. I understand if they do not contact Experian within 28 days it can be removed by Experian.

Edited February 28, 2010 by esmerobbo

[princess5]

what is a cca? sorry im very new to this and some things are hard to understand.

[esmerobbo]

CCA is a consumer credit agreement. the contract you signed when you take out a loan/credit card with the creditor.

 

Before they can enforce payment through a court they must have a compliant agreement. But now even without one they can report to credit reference agencies and ask for payment.

 

If you have a dispute over the agreements as you state then the account is in dispute and your not obliged to pay.

 

LloydsTSB can and will mark your CRF with late payments even if you can not be taken to court on non compliant agreements.