DCA affecting credit raing

[mikexlr8]

Hello,

 

I cleared a long term debt several weeks ago but the DCA hasn't informed CRA's ... is there any way I can make them do this or speed it up?

 

Thanks.

Edited November 9, 2011 by mikexlr8

[dx100uk]

that was a silly thing to do

 

i hope you checked they WERE legally entitled to it.

 

99% are NOT!!!

 

dx

[mikexlr8]

I settled because 1. I owed the money and 2. I want to get a morgage in the next couple of years. All the bases were covered and it's written off with all the correct procedures and paperwork in place.

 

Your site team? Wow.

 

If anyone wants to chip in with anything helpful or constructive please feel free.

[dx100uk]

i surely hope it was

 

typically it takes then 4-6weeks to update files

 

though i wouldn't trust anything a dca promises

prob went to their pockets and they are laughing at you

 

which of your debt thread is this related too.

 

dx

[mikexlr8]

I have a letter signed by the DCA confirming F&F settlement of a specifie amount stating the account is now closed would be marked as "partial settlement" on my credit file.

[Conniff]

"partial settlement"

 

Ah the old 'Partial Settlement' trick. They will be back for the remainder or sell that bit on to someone else.

[mikexlr8]

No they won't because they (DCA and the bank who is the original creditor) confirmed in written letters and a recorded telephone conversation that the alleged debt is written off.

 

The terms they accepted in my F&F letter were: "This offer is made on the clear understanding that, if accepted, neither xxxx, xxxx, or any other associate company or debt collection group will take any other action to enforce or pursue this alleged debt in any way whatsoever and that I will be released from any liability."

[Conniff]

All I will say further is 'don't be too trusting' of banks but especially debt collection companies, they lie and they cheat.

[dx100uk]

what a waste of money then..........

 

partial settlement is as bad as a CCJ to a mortgage provider.

 

you should have demanded a condition that the debt is marked as SETLLED and ALL neg data is removed.

 

sad you didn't come here earlier and we could have advised on that............

 

dx