First Steps Dealing with Defaults

[cocothecat]

I've browsed this forum LOADS in the past but never taken the time to join until now

 

I've managed to get all my finances improved and slowly rebuilding my credit, my credit card limit has gone from £200 to £1200 in less than 7 months and I'm doing well to manage it however today I went looking at my Credit Report and there are a few things I would like to try and remove.

 

While I had issues with debt I have paid everything off and the accounts are marked as Default / Satisfied I have 6 in total all under £200 and range from 2008-2010 and 1 for 2011 id like to try and get these removed if possible?

 

I understand the steps however I would like to send a "nice" letter first to see if that gets me anywhere but I'm unsure how to word it or what to put in? I can't really see a default template that I could use does anyone have any advice?

 

Most are with Lowell and one with British Gas, the reason for this is that I would like to buy another home in 12months time so would like to get my report as "clean" as I possibly can.

 

Thanks in advance

[BRIGADIER2JCS]

Hi welcome To CAG,

 

There is no template or standard argument for approaching a creditor/dca for removal of a default!

 

I default is removed after 6 years paid or not.

 

Do you have any specific valid reasons for getting the defaults removed, unfairly placed on file a long time after

the 6 months suggested time scale?

Credit files must show an accurate and up to date picture of all the accounts which it seems is happening in your

cas.

 

Wanting to get credit/mortgage will not be seen as a valid reason for removal and you should be aware creditor

and in particular mortgage lenders are now looking to 5-6 years good/excellent credit history rather that the usual

3 years.

 

The polite request is your only choice I think as there is no compelling reason to challenge the entries.

[cocothecat]

Well certainly in terms of the British Gas one I was not aware of any default being placed on my file and in some cases the Lowel ones, once I get a letter through I paid it in full. I only took a bad turn when I lost my job.

[dx100uk]

so lowlife OWN these debt or they just collected?

 

dx

[cocothecat]

Two they just collected two they bought.

[BRIGADIER2JCS]

By stating that when you ''did get a letter through'' you paid the amount off do you mean that when you received the default notice you remedied the default within the timescale laid down.

[cocothecat]

Yeah I got a letter saying the debt was with them or they where now taking over it. So I rang and paid, didn't really get past a threating stage really or bogus "im going to come to the house and take all your stuff". I did get one before about paying OR they would take further action such as court etc which MAY effect my credit rating and so on.

[cocothecat]

Out of interest does a default get removed from point of settlement date or when the credit agreement was first broken i.e the point of default?

[dx100uk]

All references to a defaulted debt must be removed from your credit files after 6 years has passed from date of default,

whether paid off or not.

This is so that someone who continues paying something even after 6 years from default should not be at a disadvantage

to someone who pays nothing after default and ends up with a clean file after 6 years.

[bjoh69]

so does a default drop off credit file on on the date six years on from first registered.does it come off automatic/

[BRIGADIER2JCS]

A default is removed on the 6th anniversary of the default, usually within a few days.