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Cleaning up my credit report


Elffie01
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Hi all

 

I have now decided that it is time to drag my butt out from under the debt rug and sort it out !

 

I am now in work and want to get my credit report looking a lot nicer than it currently does !

 

I have a couple of questions though and wondered if you guys and gals could shed some light on them for me.

Im not the smartest smartie when it comes to dealing with financial companies and the lower level so called companies...

 

My credit report is Very Low ! no suprise to me, but I would like to get my act together now and sort it out or at least try

 

The 2 main ones I have concerns over are 2 for Welcome Finance

 

Ref 1

Account Type: Hire purchase/Conditional sale

Started: 20/08/2004

Current Balance: £6,433

Payment Terms: £246 x 49 months

No default date - states 6 payments late in the status column

 

Last payment they have recorded is in the 59 month section

 

ref 2

Account Type: Loan

Started: 30/11/2005

Current Balance: £4,309

Payment Terms: £99 x 37 months

Default Date 06/06/2008

 

Last payment they have recorded is in the 55th month section

 

I have the paperwork for both these, somewhere ...

 

What I want to know is.

 

I havent had any contact with Welcome for at least 7 yrs.

 

After reading a few threads on here I am supposed to be getting annual statements ?

Yet I have had nothing from them since the accounts were defaulted

 

I dont want to contact them and awaken the debt as if I am reading things right the 2nd loan will be removed from my credit report on 06/06/2014.

I am assuming they are keeping the other one open and have no intention of defaulting it ?

 

I also read that they are not in a good situation as a company, so how does that affect me with the outstanding debts to them ?

 

So what do I do with these ? Sit tight on them ?

 

I have a few other minor debts on my file which I intend to get information for and clear off.

I have 1 that will be 6 yrs on the 13/09/2013 as its default date is 13/09/2007 i am assuming i should leave that be and concentrate on others that wont clear for a while. ?

 

Hopefully that made sense to someone somewhere lol I am just trying to get my act together at long last and ahavent a clue where to start other than pay ..

 

Any advice is much appreciated :) Thank you in advance

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hi ya

 

i'd sar welcome finance

 

if you've not paid anything in over 6yrs they should nt be even showing.

 

prob find they are all compulsory insurances &/or PENALTY charges

 

so the lot can be reclaimed

 

dx

please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

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If I SAR them. wont it then make it a live issue again ? With it being not long to going off record is it worth it ?

 

Also the statue barred - the rollover on this site says ......

 

In principle, a debt cannot be enforced after 6 years from the date upon which it became due.

The 6 years runs from the last time that the debt was acknowledged in any way or from the last time that a payment was made towards the debt.

 

So does that mean that as soon as the 1st debt hits 72 months then it should disappear from the report ? It is showing as up to date on the 65th month so maybe that was when i last made a payment to it. The 2nd debt is defaulted so should go in June next year as that would be 6yrs from default date, if I understand correctly

 

I am only concerned with these 2 as they are the 2 largest ones and I dont want to be waking them up so to speak

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an sar doesn.t ack a debt.

 

I would suspect as with 90% of welcome debts

the debt is mostly PENALTY charges & letter fees etc etc

 

pers i'c be getting the sar off

 

if they return saying they have no paperwork

then that proves them already SB'd.

 

there is no guarantee that a debt will vanish from the cra file once SB but not defaulted.

 

if you can find the two agreements that would be useful

 

dx

please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

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  • 2 months later...

ok I have a new question based on the original opening post ...

 

I check my Experian credit reports regularly to see how its going, hopefully in the right direction :)

 

I checked yesterday and my credit score has whomped up about 250-300 points ..

 

See the 2 debts in the opening post ?

Both are with Welcome finance, these are the highest value ones I have on my account and probably the most damaging....

 

..............Well they have gone ?!!?? Vanished.

 

Not that I am not happy, I am very pleased lol BUT how come they have gone ?

 

One was never put into default by Welcome ( the highest one )

The other went into default on 06/06/2008 so obviously not ready to leave the account for a few years yet

 

Anyone have any ideas ??

 

And NO I didnt pay anything or acknowledge them in any shape or form

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several threads relating towelcome removing accounts in the last few days.

 

seems like they are burying their mistakes.

 

most like yours?

appear to be realated to 'debts' where the [second] agreement was 'faked' by welcome staff signing it.

 

dx

please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

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