Late payment history

[gerona]

I have checked my Credit Report and one of my accounts shows 6 years of late payments marked with a 6 for every month. This is a credit card debt that I could not manage to keep up the repayments. Anyhow they accept £50 every month and have frozen interest. I have phoned the credit card company today and they say that the 6 will be applied every month until the debt is paid off - that will take me another 7 years. If they had defaulted me 6 years ago this would have been off my credit file now but the way I'm going it will take me 13 years for it to fall off.

Is there anything I can do to resolve the situation. I already think I should just stop paying because all those 6's cant be good for my record. I feel like just as I am about to make the final payment they would probably default the account anyhow. Is it much worse to have a default than all these 6's

Thanks

[BRIGADIER2JCS]

Try this send it to the Data Controller at the CC issuers head office.

 

ref: as your account number.

 

Dear Sir or Madam,

 

FORMAL COMPLAINT

 

I have recently telephoned your company in regard to the method being used to report the status of this account, markers are being placed showing 6 each month. and I have been told this will continue until this account is cleared.

 

I consider that this is grossly unfair as I have agreed to pay £50.00 per calendar month to clear this debt, had I not agreed to this the account would have been defaulted and would now have been removed from my credit file, this now puts me at a gross disadvantage compared to a debtor who has made no effort to pay anything towards their debt.

 

A defaulted debt is removed from credit files after 6 years paid or not I belive that the Information Commissioners Office believes this situation your company leaves me in is unfair and I am making a complaint to them regarding your companys conduct and will if necessary take the matter to the Financial Ombudsman Service fo adjudication.

 

send it RD and track delivery.

[gerona]

Thank you Brigadier

Is a default much worse than these 6's

[BRIGADIER2JCS]

Equally as bad as either will preclude access to credit, worse the markers are indefinite but a default gets reoved paid or not after 6 years (rock and a hard place situation).

[gerona]

I wonder if I can get them to back date the default, I am going back years here and now I wish I'd just not made any effort to try and pay this off. I will send the letter and if they don't do anything take a decision of the best way forward.

I have read the information at this link and I think they should have defaulted me in 2006 http://www.ico.gov.uk/upload/documents/library/data_protection/detailed_specialist_guides/default_tgn_version_v3%20%20doc.pdf

[brokebutnotbeatn]

hi gerona. it is terribly unfair and the institutions are hell bent on punishing the can't pay but triers as opposed to the won't payers. Def send hat letter and get complaining.

[BRIGADIER2JCS]

I wonder if I can get them to back date the default, I am going back years here and now I wish I'd just not made any effort to try and pay this off. I will send the letter and if they don't do anything take a decision of the best way forward.

I have read the information at this link and I think they should have defaulted me in 2006 http://www.ico.gov.uk/upload/documents/library/data_protection/detailed_specialist_guides/default_tgn_version_v3%20%20doc.pdf

Get that letter a way then we can progress it if the reply is not compliant.

[gerona]

I am going to get this underway tomorrow.

I have done myself no favors by making regular payments. I will stop payments so that they will have to close the account and default it. They may try and enforce it but this goes back to 2002

[BRIGADIER2JCS]

I am going to get this underway tomorrow.

I have done myself no favors by making regular payments. I will stop payments so that they will have to close the account and default it. They may try and enforce it but this goes back to 2002

 

Good Luck!!

[gerona]

Good Luck!!

I have posted the letter you kindly put on the forum for me. I live abroad so sent it by Special Delivery - it cost €21 but hopefully it will be worth it.

Is there a time limit that they should work within?

[BRIGADIER2JCS]

14-18 calendar days would be fair, snail mail uk to be taken into consideration.

I would send a reminder after 14 days, normal post.

[gerona]

I have received a reply today from the complaint handler of nat west cards customer services and they say that they are unable to uphold my complaint: as it is a true reflection of the conduct of the account. They included a leaflet about the Financial Ombudsman service

Any advice is appreciated. In the meantime I am going to stop all future payments so that they will have to default me and at least it will drop of in 6 years - unless advised otherwise that is

Thanks

[BRIGADIER2JCS]

FOS first I think is the best course!!

[bigshoes...bigsocks]

Agree with Brig - go to the FOS before you cease payments. If you fail to pay and NatWest have their house in order then it leaves you open to a default and then possible court action to collect the debt.

[gerona]

Agree with Brig - go to the FOS before you cease payments. If you fail to pay and NatWest have their house in order then it leaves you open to a default and then possible court action to collect the debt.

 

Is there a letter I should use. I have a 6 on my report for the last 6 years and at the current rate it will take 7 more years to pay this off so I have at least another 13 years of the 6's being shown. How long does a 6 have a bad effect on my credit file?

I live abroad so the court route is not that straight forward for them