Defaults and mortgages

[strikerafc77]

Hi, I'm new here but we all were once right.

My situation is , I want a mortgage , a right to buy mortgage. Our house is valued at 85000 but because value was put on by work we done ourselves the local authority could only value it at 70,000.

 

Now with my discount we can get it for 40,000 so quite a bit of equity in it already.

 

Thing is our mortgage advisor said with a default on my file we've no chance if a mortgage.

 

I've a default on a halifax CC in April 2012 for £2900. Limit was £1450.

 

I didn't want the bloody thing in the 1st place and told them but they said it came with the current account and to just not use it if I didn't want too.

 

My equifax report shows 5 accounts , mobile ( never missed a payment) 15 months. Current account ( no overdraft) a settled loan. A credit card ( vanquis) no missed payments 3 months old. And this defaulted halifax cc.

 

Now this card is with a DCA but I've decided it's time to man up and get this sorted out as my credit score is only going south no matter how many 'green boxes' I have on my credit report.

 

If I arrange to make payments with the DCA will this show on my report and consequently see my rating go up.

 

Thanks in anticipation.

 

Strikerafc77

[citizenB]

I am moving your thread to the correct forum where you should receive some advice.

[citizenB]

From what I can see the default from the Halifax will now stay on your credit files for 6 years from the date it was entered.

 

All I can suggest is that you bring the account up to date and maintain the contractual payments, that way it will just show as a temporary glitch with the new records showing that all is well.

[caro]

How is the default twice the amount of the card limit? How much is charges and is there PPI?

[BRIGADIER2JCS]

Hi CBs advice is spot on!!

 

There is one possible way of clearing this matter up and asking ''nicely'' if the default entry can be removed given the situation you are in with the mortgage app.

 

You would have to contact Halifax and offer to pay the Outstanding Balance in no more than 2-3 payments, the offer being made conditional on removal of default entries from credit files.

 

I have negotiated deals like this for others recently, so it's worth a try.

[strikerafc77]

Thanks ,

 

It's twice my limit in charges and interest. They used to take the minimum payment out every month from my bank , but took it out a month late so i was always a month behind but they were taking the payment. Then they just stopped

 

The ppi thing. I've always took out ppi as I've always thought I've more chance if being approved if I do.

I've not had a day off work since I left school 22 years ago so never used it but I'm under the impression I couldn't claim on something I've defaulted on.

 

Will the halifax talk to me now it has been passed to a DCA ? They no longer send me any correspondence so thought they had washed there hands of it.

 

Regards.

[caro]

If you didn't ask for the card are you sure you had PPI on it? If PPI was missold a default doesn't prevent you claiming anything back. If it wasn't missold then obviously you can't claim it, but the charges and interest on them are another matter.

[strikerafc77]

I had a joint account with my ex and when we split up I opened my own with the same bank. The account they gave me came with a cc. This is 10 years ago but I remember saying I don't want it. She said don't use it or cut it up but this account comes with it there's nothing I can do. Can't remember if I took ppi but I've tended to as standard. Even though I've always worked.

[caro]

You might struggle to say PPI was missold unless you were self employed, or worked for an employer with good long term sickness provisions, like the NHS, counci etc.

[strikerafc77]

I'm not really bothered about the ppi thing to be honest.

Just want this remedied.

 

Will halifax speak to me or is debt sold now. And if so will they want the amount in full or something closer to the £1450 which I owed. And wave part of the £1450 in charges.

[BRIGADIER2JCS]

Keep it in writting try reclaiming some of the charges if successful then make the condition offer.

[strikerafc77]

I thought 'we' lost the bank charges thing and all the reclaiming if them stopped. I will have a read up about it.

 

Thanks.

[BRIGADIER2JCS]

Penalty charges on credit cards can still be challenged if unreasonable.

[dx100uk]

can i suggest

get sar off to halifax get all the stements

ask for a copy of the agreement too.

 

if you can prove that it was SOLELY down to PENALTY charges that the default got placed

then it must be removed.

 

get the info FIRST.

 

and don't EVER be tempted to pay a DCa anything ...yet.

 

stay off the phone tooo..

 

WHO is shown as the owner on the CRa file?

 

 

dx

[strikerafc77]

Hi,

In my CRA file it doesn't mention anyone but halifax. There's no mention of any DCAs I've had a offer of a discounted settlement from the DCA though.

 

I've never spoken to a DCA And wouldn't.

 

As for peneltys , I certainly didn't overspend on the card. Not a penny , but foolishly ignored it untill this point and balance.

 

Regards.

[BRIGADIER2JCS]

Do still have the letters from the DCAs, if so do they state that they are acting on behalf of their client Halifax??

[strikerafc77]

I can't actually find 1 at the minute but I'm 90% certain they are along those lines. We have been instructed by our client Halifax. Along with someone may visit your home , urgent etc. I could be wrong though.

[BRIGADIER2JCS]

That's good the account is still with Halifax so you can negotiate directly.

[strikerafc77]

Ok thanks. When the next letter arrives from the DCA ill look for that for definite. If they state they are in contact on behalf of the halifax ill get in touch with halifax. The card and payment option has disappeared from my online banking I know.

 

What will it say if they are not on behalf of halifax ?

[BRIGADIER2JCS]

They will state that they now own the debt, and will amend credit files with their data.

[strikerafc77]

Ok. Thanks.

 

If that's the case ill proceed with requesting the proof of debt etc. ( not sure the term ).

[dx100uk]

discount leters eh

 

thats good news

 

means there is something wrong with the debt

 

so you've prob heeps of PENALTY charges

 

dx

[strikerafc77]

There is not a penny gone on since April, and i have not made any sort of contact with anyone. So at least it isn't going up.

 

And in the absence if letters I know the DCAs letters only request the balance and they haven't charged anything.

 

I don't know if this points to wether they are acting on behalf of halifax or not.

[BRIGADIER2JCS]

I would say this is still with Halifax, so try negotiations with them, if you need help with drafting letters please let me know.

[dx100uk]

get that sar off to get all the statements

 

it'll give you a whole better idea of your barginning power

 

dx