Credit report - old cap1 default help.

[allergor]

Hi all,

I was hoping to get some guidance regarding an old default on my credit file. I got my credit report and saw this, its from an old capitol one card that was left to default due to redundancy. The balance was originally about £250, not £1,013! Also no one from Hillesden has contacted me over this.

 

 

HILLESDEN SECURITIES LIMITED

 

Account Type: Credit card / Store card

Started: 24/05/2005

Current Balance: £1,013

Default Date: 16/01/2009

Default Balance: £1,013

Last updated: 04/12/2011

 

Should I contact them and make an offer or try and get the default removed? What is my best course of action? How best should I deal with this?

 

Any help would be much appreciated.!

 

-Al

Edited October 11, 2013 by allergor

[unclebulgaria67]

I suspect that the interest rate has been increased and many charges added to bring the total to over £1k.

 

You won't get the default removed. It will stay on your record for 6 years.

 

If you want to pay it, I would suggest that you contact Cap1 for copies of all statements of account to work out exactly what you owe. Send an SAR to Cap1 to get hold of all data. If you click on SAR there is a template letter, which you can amend to ask for all documents you want to see.

 

Then based on the information you find out, you could make a full& final offer to Hillesden. If you go to the CAG library, there is a full & final settlement offer letter. The default will be noted as partial or fully satisfied. You should try to get them to agree to mark the debt as fully satisfied, as having a partially satisfied debt is almost as bad as not paying anything at all towards the default.

[allergor]

Thanks for the info chap,

 

They say the default date was 16/01/2009 with a balance of £1,013 - when it was actually 10/2006 with a balance of £250.

 

Could this debt already be statute barred under the limitation act 1980?

 

Should I call them up and challenge this?

Edited October 11, 2013 by allergor

[unclebulgaria67]

Thanks for the info chap,

 

They say the default date was 16/01/2009 with a balance of £1,013 - when it was actually 10/2006 with a balance of £250.

 

Could this debt already be statute barred under the limitation act 1980?

 

Should I call them up and challenge this?

 

If the default date is wrong, you can challenge this via the credit reference agencies. They can get Hillesden to remove the default, if it should have come off some time ago.

 

If the default was in 2006, then it is SB'd,

[allergor]

Ok spoke with them, they were very good on the phone. I explained that I think the default date is wrong and was actually in 2005-2006.

 

They are requesting documents from Capital One and I'll know within a couple of weeks.!

 

Thanks chap.