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Negotiating debt payback MMF & old Sunny PDL

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doesn't matter who/what you pay

 

the defaults are there for 6yrs.

 

DONT GET SPOOFED

 

IMHO I would NEVER EVER pay MMF anything

 

dx


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Yes dx I agree, but just trying to get the payment history updated on credit files from 8 to something more likeable.

 

It really is scandalous how they can just ruin peoples lives in such a simple but effective way, for some of us 6yrs is an awful long time and financial situations change but poor credit ratings sadly dont.

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Acceptable or not the Credit Files Must be an accurate picture of the conduct of an account,

if such an account has been in default for 8 months then that's what must show,

making payments after a default has been place (especially when these are lower than that required to satisfy the default)

do not affect the fact that the account remains in default of the terms of the agreement.

 

The DCA/debt purchaser/ original creditor cannot be blamed for a debt being defaulted due to non payment,

a lower payment than that contractually required is a default on the terms of the agreement


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Staggering response from such a learned and respected member as yourself,

 

whilst I agree that expecting to just walk away from ones debts is totally unacceptable,

what I do find questionable is that the way these companies have been set up for one purpose to prey on those of us who at the time found ourselves in great difficulty and not really in position to start going over the fine detail of a contract.

 

My point is that I am more than happy to repay the loan and reasonable interest

but having now seen the change in attitude towards these companies supported to some extent by the FCA for example I refuse to repay fees made up to clearly line the pockets of bottom feeders like MMF.

 

After all they wouldn't even exist if we hadn't struggled to repay these things.

 

In my own case my financial situation has changed considerably for the better in 3 yrs and I can now afford to buy a new car or house

 

but am denied this because of the antiquated credit file system aided by the likes of MMF.

 

6 years is a long time to be punished over a few hundred pounds and stops many of us from finally breaking free of the debt cycle.

 

It would help if the whole CRA system was looked at and 6yrs reduced to say 3 in minor cases.

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you are missing the point.

 

its nothing to do with MMF.

 

getting a good marker for that 'month' does bugger all to help you

or your rating.

 

if the debt has got a default in the debt summary

 

its there for 6yrs paid or not.

 

and will kill your credit rating.

 

dx


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Staggering response from such a learned and respected member as yourself,

 

 

whilst I agree that expecting to just walk away from ones debts is totally unacceptable,

what I do find questionable is that the way these companies have been set up for one purpose

to prey on those of us who at the time found ourselves in great difficulty and not really in position to start going over the fine detail of a contract.

 

 

My point is that I am more than happy to repay the loan and reasonable interest

but having now seen the change in attitude towards these companies supported to some extent by the FCA

for example I refuse to repay fees made up to clearly line the pockets of bottom feeders like MMF.

After all they wouldn't even exist if we hadn't struggled to repay these things.

 

In my own case my financial situation has changed considerably for the better in 3 yrs and

 

 

I can now afford to buy a new car or house

 

 

but am denied this because of the antiquated credit file system aided by the likes of MMF.

 

 

6 years is a long time to be punished over a few hundred pounds and stops many of us from finally breaking free of the debt cycle.

 

It would help if the whole CRA system was looked at and 6yrs reduced to say 3 in minor cases.

 

 

It's not the CRA system it's The Limitations Act, The DPA/ICO/FCA laws and regulations.

 

 

 

Jotty I cannot see why or what it is you want to achieve, as dx100 has said quite succinctly " it's nowt to do with MMF".

 

 

The CRA file is accurate it seem and up to date and your " dislike" of it will not assist you or change the facts.


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