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    • Hello, on 9th of July 2018 I was issued a CCJ for 326£ for a non payment into my Natwest account - 6 month earlier I moved abroad and despite my better knowledge my direct debit with the phone company wasn't properly closed and the Natwest account went into arrears for that amount. As soon as I found out of that matter on 20th October 2018 I settled the amount in full with Moorcroft (the debt recovery agency instructed by Natwest to recover the amount).   When I returned to the UK I was shocked that my credit score was completely depleted - despited an otherwise good record - and that for the following 5 years I won't pretty much be able to access credit and other common financial products regardless of the fact the debt has been paid in full (and despite a stable high salary etc.).   When I contacted Moorcroft in January this year they said they can't do anything about it and the record will stay as is. They said the best they could do was to send me a letter (attached) that I can use as a confirmation that the CCJ was now settled. I was pretty sad and frustrated and shocked that a 300£ debt could put me into such distress (I literally cannot even get a monthly mobile phone plan) and despite having settled it I would carry such consequences for the next 5 years... so I archived the letter and tried to forget about it.   I recently checked my credit report and it states that the CCJ status is still active.   I would like to ask:  - is it really not possible to adjust the CCJ status ?  - are there any actions I can take to mitigate my situation ? - shouldn't at least Moorcroft have sent a more comprehensive letter stating that the CCJ was settled (instead of a generic 'payment received' with no indication of what and why) ?     Note: when I tried to contact Natwest in October 2018 they bounced mee across several departments but ultimately no-one could/would want to help as the account was permanently closed and passed onto debt recovery and they couldn't find much information about my records (apart from saying it's closed and Im no longer a customer of the bank and won't ever be able to be one again).   Thanks, V
    • I hope we can keep this thread for a discussion of SDs. If it descends into a slanging match then there probably isn't much point in having it.   HB
    • phew, just got an email from scmreferrals@justice.gov.uk.    I was worried that because the N180 was 5 days late, they would reject it.    There is still an new default on my credit file for the original amount + court costs. Surely Lowell shouldn't have submitted this yet?  
    • The solicitors have acknowledged my CPR request but have yet to provide anything, no response to my CCA request yet.   I would like to get a defence in before the end of this week, can anyone help me put together a defence?   Thanks
    • There were express terms of repayment of the capital plus interest over 60 monthly instalments.  However, you are saying the Default has no effect, so that when charged-off the interest did not have to be rescheduled?   P.S. It may be irrelevant, I don't know, but I can’t see an acceleration clause in the CCA allowing them  to ‘call in’ the entire amount of interest on the 5 year loan?  Copy of the Ts & Cs from my original CCA attached. Clause 2 (c) refers to interest being charged until settlement, but I’m not sure that is an acceleration clause.   If you have any thoughts on the above they would be greatly appreciated. 20191120102845876.pdf
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MARTIN3030

Experian Payday loan data processing looks set to be bad for your financial health

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Have a happy and prosperous 2013 by avoiiding Payday loans. If you are sent a private message directing you for advice or support with your issues to another website,this is your choice.Before you decide,consider the users here who have already offered help and support.

Advice offered by Martin3030 is not supported by any legal training or qualification.Members are advised to use the services of fully insured legal professionals when needed.

 

 

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I wonder if this is an imposed change, some compliance issue regarding the type of fnancial product being reported.

Has anyone asked the CRA for an amswer?


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Has anyone asked the CRA for an amswer?

 

I have posted elsewhere on this.


Have a happy and prosperous 2013 by avoiiding Payday loans. If you are sent a private message directing you for advice or support with your issues to another website,this is your choice.Before you decide,consider the users here who have already offered help and support.

Advice offered by Martin3030 is not supported by any legal training or qualification.Members are advised to use the services of fully insured legal professionals when needed.

 

 

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The problem to me is that this is a retrospective change, so if you got a loan two years ago, you are now blacklisted, for another 4 years, without even defaulting.

 

I've put so much work into trying to improve my credit, and now feel I may as well just default on everything as I'm ****ed again anyway.

 

IMHO Experian are doing it because lenders have asked for this data. The PDL companies like it because now they get to keep customers.

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Similar arguments came up when the CRAs began showing accounts aquired by DCAs as '' Credit Card from Lowell'' etc.


Any Letters I Draft are N0T approved by CAG and no personal liability is accepted.

Please Consider making a donation to keep this site running!

Nemo Mortalium Omnibus Horis Sapit: Animo et Fide:

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Fight Club in order to put these people in their place - ANYONE WANNA JOIN?:wink:

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The CRAs are no longer fit for purpose, as is the financial industry.

 

Tackling the 'data abuse' perpetrated by the CRAs would go a long way to helping this country get back on its feet.

 

Dismantling the Debt Buyers and Sellers Group (DBSG) would be the first step - if we can't buy our own debts at a discount then they should not be a saleable asset.

 

3 years data for a live account, one year for a dead one would also be another good step.

 

Yet another one I did a petition for some time ago - Only the original creditor can mark our credit files - no third party can leave a permanent trace.

 

All searches to be removed after 6 weeks, REGARDLESS of whether they resulted in live credit or not

 

A lot of the 'rules' the CRAs uses were drawn up pre-computers and need to be dragged into the 21st Century and dealt with in 'live' time, not belated attempts to confuse, distort and destory people's lives.

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The problem to me is that this is a retrospective change, so if you got a loan two years ago, you are now blacklisted, for another 4 years, without even defaulting.

 

I've put so much work into trying to improve my credit, and now feel I may as well just default on everything as I'm ****ed again anyway.

 

IMHO Experian are doing it because lenders have asked for this data. The PDL companies like it because now they get to keep customers.

 

 

The signs appear to suggest that the PDL companies are not happy at all


Have a happy and prosperous 2013 by avoiiding Payday loans. If you are sent a private message directing you for advice or support with your issues to another website,this is your choice.Before you decide,consider the users here who have already offered help and support.

Advice offered by Martin3030 is not supported by any legal training or qualification.Members are advised to use the services of fully insured legal professionals when needed.

 

 

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