Help needed over 6 year default

[68boy]

Hello

 

been informed today that a default can be renewed for another six years after the first six

if you are still paying told the company

 

they can not

 

I would go to the ico if they did

 

but they told me it is their rules that allow them to do this

 

has any one else heard of this been throu there guidelines can not see any thing

[dx100uk]

bowlarks....

 

All references to a defaulted debt must be removed from your credit files after 6 years

has passed from date of default, whether paid off or not.

.

the WHOLE ACCOUNT WILL VANISH, never to return.

.

however, this does not mean the debt itself is not still owed

consider a CCA request.

.

This is so that someone who continues paying something

- even after 6 years from default

- should not be at a disadvantage to someone who pays nothing after default

and ends up with a clean file after 6 years.

 

 

what s the debt all about

 

sounds like you are being cash cowed

 

dx

[68boy]

It is sainsbury bank credit card

 

been paying over six years about 3 to go on arrangement

 

default date 2 June 2008 so

 

I thought it be removed next month but

 

now done their six months reveiew

 

been informed that they can re new the default date keep it on file as I agree new terms every six months

 

a review they insist on have increased the amount they get by 10 pound a month over the six years ,

 

they say there are new ICO guidelines in place to allow this to happen to report such an arrangement

 

phoned ICO helpline not very helpfull told reporting an arrangement if one exists is factual

 

yet all you read is a defaulted account is removed after six years

[citizenB]

Who has said htey can renew a Default Date ?

 

It is my understanding that if an arrangement to pay is entered into, then they can continue to record that there is an arrangement to pay - they cannot however alter the original Default Date.

[68boy]

Sainsbury

 

I thought the account would be removed on the 2 nd of June this year experin even confirmed this last week

 

but when I went back to sainsbury they told me as there is still an outstanding balance

 

they have to report to credit file

 

hope the account do not return with ar markers like mbna do

 

but she clearly said as you agree the new terms every six months

(even if the payment stays the same)

 

they will simply renew the default as it is still in default

[dx100uk]

as post 2

 

have you ever sent them a CCA request

[68boy]

Yes done the CCA got my ppi back also won interest rate s increases from 16 .9 to to 30 percent back after fos complant just seems unfair if they do get to keep the account on my credit file

[dx100uk]

if its defaulted already they cannot

unless they remove the org default before its due date

 

and register another.

if they do complain to the ICO.

 

dx

 

 

dx

[68boy]

Thank you I have to watch my credit file for the next few weeks make sure it s not changed and go s

[68boy]

Back again ,

 

well good to their word the default was renewed new date 18th may 2014 ,

 

phoned the ICO told me I have to complain to the firm not them ,

 

phoned told the same as I agreed to a new arrangement they are entitled to report it the account will go 6 years after it s cleared

 

end off no further discussion will be entered into where do that leave me

[68boy]

Back again , well good to there word the the default was renewed new date 18th may 2014 , phoned the ICO told me I have to complain to the firm not them ,phoned told the same as I agreed to a new arrangement they are entitled to report it the account will go 6 years after it s cleared end off no further discussion will be entered into where do that leave me

 

Update received reply this is what they said as agreeing on the 18 th may to a repayment plan we as in the same way that other lenders do,

we share information about our customers with credit reference agencies .

 

We will let the credit reference agencies know that we have agreed a repayment plan with you .

 

we believe this is important as it shows you have arranged to pay reduced payments to your account

 

No mention that this is a final response

 

the bit about agreeing and shareing have been highlighted

 

the ICO do want to know as they say arrangements have to be reported

 

this seems so un fair after have in a dedfault showing for six years advice needed

[Bandit127]

Have another look at your credit file. Each month are your payments being reported as DF for Default or AP for Arrangement to Pay?

 

If it is an Arrangement to Pay I am sorry, but they can (and will) continue to report for as long as the arrangement exists.

 

What I don't know is if the history drops off at the end of the arrangement or if it stays on for another 6 years.

[68boy]

It say 8 the same as it has for the last 6 years every one all ways told me the defaulted accounts would be removed after 6 years 2 have gone but paid them off got 2 more paid off one to go July and one October the only other one not paid is the 1 st September guess that will be renewed as well told it will be six years after settled

[dx100uk]

did/do you have a defaulted date in the summary line

[68boy]

did/do you have a defaulted date in the summary line

 

It used to say 2nd June 2008 it now shows the 18 th may 2014 the day I had to sign a income and expenditure form and a offer of repayment

[dx100uk]

are you sure that's not an update date

 

i'm sure the creditor has to write to you and inform you they are removing the olddefault and placing a new one

 

when is the default notice regarding this , they must write one of those too.

 

I think its a bout time you sent Sainsbury's an sar

 

something is not right here

 

dx

[68boy]

They sent forms to fill in on ending the of old agreement in may which I filled in with the same offer 60 pounds a month

 

spoked to them was told it is standard to review and renew the arrangement

 

have done before but as the six years are up for the default thought it would go like the rest of my accounts

 

I sar requested them had ppi refunded and got a fair chunk of interst back as took it to ombudsman s in 2009

 

they went from 16.9 to 39.9 bit weary og going back to ombudsman as I have outstanding complanet with MBNA do not want to be seen as trouble maker

[dx100uk]

they should ideally have defaulted the debt after your third short payment

 

then marked the debt AP from then on in

 

thus it would still disappear after 6yrs.

 

as you have not 'broken' the repayment plan

 

they should not be defaulting you at all

 

you have not defaulted on the arrangement at all.