Jump to content


  • Tweets

  • Posts

    • @Jase1982   I have been trying to get up to to speed, and struggling   "Unite general secretary Len McCluskeytold the Guardian that Labour had to win over the party’s traditional working-class supporters with by promising to end free movement of workers - migrant Labour from Europe - after Brexit."   Labour declares a completely stark raving mad open door to anyone and everyone   Immigration was and still is THE big issue driving Brexit (but Corbyn is of course a Brexiter)   Corbyn promises a new Scot ref, then doesn't then hums and hars.     So what actually is happening?     Corbyn declares he's in it for all voters - but seems to mean he wants to ostracise most voters (biggest issue driving Brexit) and bring in new voters who might vote for him in gratitude despite not knowing who he is and probably not caring, and hopes some of them might be nurses.   Cluckskey wants to end (EU) free movement or workers? So where is he on the open door policy - (Theres apparently 40-60,000 none Turk ISIS looking for a new home ...)     I cant make any coherent sense of it whatsoever. Bonkers.     ‌
    • OK, using the Norgan rule  payments of £100 per month towards the arrears would clear them in the remaining term of the mortgage, but only just - you would need to keep those payments up for 12 years without fail.  However the lender might not be too happy about waiting 12 years and may force your hand by applying for an eviction warrant in which case you'd have to get a hearing before a judge for them to decide.  £200 per month would halve the time it takes to clear arrears.  You have to decide what sum you can afford to maintain for a long period.
    • Hello and thanks for your answer. My car is the dark grey in the right lane, at the back of the first black one and in front of the other black one (that stopped right in the middle of the box and then moved to the left lane). It was my rear 2 wheels that stayed in the box, as I had to break suddenly. I said in my appeal that the traffic was freeflowing and it was only after I'd entered the box that something happened ahead, hence why I had to stop suddenly in order to avoid causing an accident. I think I won't be able to contest it on the law/highway code. Hence why I'm asking whether the issue of the recording/photos of the reg, is something I could use instead. I normally wouldn't bother contesting it but I've been driving on this road frequently for the last 20 years and this is the first time this has happened to me and it was genuinely because I had to break suddenly. If the traffic is stationary, I wait by the traffic lights *before* I enter the box. Do I have grounds to contest it on anything?
    • where did you buy the necklace? Might you have a bank statement or credit card bill showing it? (almost no one uses cash now!)
    • Hello and thanks for your answer. My car is the dark grey, at the back of the black one. It was my rear 2 wheels that stayed in the box, as I had to break suddenly.  
  • Our picks

style="text-align:center;"> Please note that this topic has not had any new posts for the last 1271 days.

If you are trying to post a different story then you should start your own new thread. Posting on this thread is likely to mean that you won't get the help and advice that you need.

If you are trying to post information which is relevant to the story in this thread then please flag it up to the site team and they will allow you to post.

Thank you

Recommended Posts

Lending Stream

Hi there, in March 2011 I took out a loan with lending stream (amongst others), which I didn’t pay back, Due to a gambling addiction (addiction fixed now:-))

 

All of my accounts at the time fell into arrears and therefore default, which I deserved

 

But upon checking my credit file, all of my other accounts show a default date of around may-sept 2011, yet lending stream show there’s as Nov 2012

 

With the 6 year rule I was happy to wait till sept 2017, but lending streams is a more than a year later,

I thought It was a reporting mistake so I called them, and they confirmed the same date

Surely it should have defaulted within 3 months to 180 days like the rest,

 

I’ve heard of lending stream being weird how they report things to the CCA’s

 

Can I challenge this? I.e. you should have defaulted me sooner

Share this post


Link to post
Share on other sites

It should be placed within 6 months of you missing the payment. If it was a one month loan, then their reporting date is grossly unfair.


Any advice i give is my own and is based solely on personal experience. If in any doubt about a situation , please contact a certified legal representative or debt counsellor..

 

 

If my advice helps you, click the star icon at the bottom of my post and feel free to say thanks

:D

Share this post


Link to post
Share on other sites

it was a loan with 6 monthly payments, but none were paid

Share this post


Link to post
Share on other sites

Hi team

 

I am writing to lending stream as they have put the wrong default date on my credit file, and there are 2 entrys for the account, 1 - with PRA Group as it was sold on and 2 - with lending stream

 

please can you check over and give me your opinion

 

Thanks

 

 

Lending Stream

Wisteria Grange Barn

Pikes End

Pinner

London

HA5 2EX

 

Date: 23/07/2015

 

Loan ID #**********

 

Amendment to credit file

 

Dear Sirs,

 

After recently obtaining a copy of my Credit File from the Credit Reference Agencies, I am concerned to note that your company has placed a "Default" notice against an account I held with you.

 

Please find attached document “Principles for the Reporting of Arrears, Arrangements and

Defaults at Credit Reference Agencies” and a copy of my Experian credit File

 

 

Point 1

• Please see attached credit file

 

The debt has been sold on to PRA Group, who is now the legal owner of the debt, and they have an entry in my credit file.

 

But there still remains the lending stream entry which is the same details, as it has been sold on, the PRA group entry should replace the lending stream entry, as both are still there, the older version (yours) is a duplicate and require this to be removed.

 

Point 2

 

• I had the account from 23/03/2011 to 23/08/2011 at this point the account fell into arrears and defaulted, with the last payment by myself on the 23/04/2011

 

The Attached 2014 document by the Information Commissioner’s Office: Principles for the Reporting of Arrears, Arrangements and Defaults at Credit Reference Agencies. It states: on “page 6 PRINCIPLE 4”

 

“As a general guide, [a default may be recorded] when you are 3 months in arrears, and normally by the time you are 6 months in arrears”.

 

• On my credit file it shows a default date of 17/11/2012 a full “14” months after the account defaulted, this is a breach, as it is inaccurate information, date should be 23/07/2011

 

 

Resolution

 

I would like you to amend my credit file accordingly by removing the duplicate entry, and also to contact debt management company PRA who are the legal owners of the debt to update their records also, Their ref is “Ref:*******” giving the correct date of between 23/07/11 as a default date

 

If both points are not rectified I reserve right to put in a complaint to the Information Commissioner and / or a complaint to the Financial Ombudsman

Share this post


Link to post
Share on other sites

There certainly should not be duplicate reporting.

 

Once it had been assigned/sold to the new company - there should have been a "£0" entry from Lending stream and the outstanding balance £amount from the new company.

 

The default should then be updated by the new company only using the original default date (that MUST not change) until the 6 years is up.


Have we helped you ...?         Please Donate button to the Consumer Action Group

 

Uploading documents to CAG ** Instructions **

 

Looking for a draft letter? Use the CAG Library

Dealing with Customer Service Departments? - read the CAG Guide first

 

1: Making a PPI claim ? - Q & A's and spreadsheets for single premium policy -

HERE

2: Take back control of your finances -

Debt Diaries

3: Feel Bullied by Creditors or Debt Collectors?

Read Here

4: Staying Calm About Debt

Read Here

5: Forum rules - These have been updated -

Please Read

 

 

BCOBS

 

2: Does your Bank play fair - You can force your Bank to play Fair with you

3: Banking Conduct of Business Regulations - The Hidden Rules

4: BCOBS and Unfair Treatment - Common Examples of Banks Behaving Badly

5: Fair Treatment for Credit Card Holders and Borrowers - COBS

 

 

 

Advice & opinions given by citizenb are personal, are not endorsed by Consumer Action Group or Bank Action Group, and are offered informally, without prejudice & without liability. Your decisions and actions are your own, and should you be in any doubt, you are advised to seek the opinion of a qualified professional.

 

PLEASE DO NOT ASK ME TO GIVE ADVICE BY PM - IF YOU PROVIDE A LINK TO YOUR THREAD THEN I WILL BE HAPPY TO OFFER ADVICE THERE:D

Share this post


Link to post
Share on other sites

"I am writing to lending stream as they have put the wrong default date on my credit file, and there are 2 entrys for the account, 1 - with PRA Group as it was sold on and 2 - with lending stream"

 

 

Interested on how you got on with this ?

 

 

The very same is happening to me. I took out a lending stream loan of £200 way back in July 2009. Sold on to PRA. On Experian the lending stream debt has a default date of 28/11/2012 !!! A whole 3 years and 5 months after I initially took out the loan. The PRA entry also therefore has the same default date.

 

 

With anything like the correct default date this would have already dropped off my credit file but as it is its causing me a problem now im looking for a mortgage.

 

 

I put in a dispute with the credit reference agency but obviously PRA just bat it off by saying its the correct date and nothing will be changed.

 

 

I was hoping you had some success with yours and then I could go down the same route ? Any advice ?

Share this post


Link to post
Share on other sites
"I am writing to lending stream as they have put the wrong default date on my credit file, and there are 2 entrys for the account, 1 - with PRA Group as it was sold on and 2 - with lending stream"

 

 

Interested on how you got on with this ?

 

 

The very same is happening to me. I took out a lending stream loan of £200 way back in July 2009. Sold on to PRA. On Experian the lending stream debt has a default date of 28/11/2012 !!! A whole 3 years and 5 months after I initially took out the loan. The PRA entry also therefore has the same default date.

 

 

With anything like the correct default date this would have already dropped off my credit file but as it is its causing me a problem now im looking for a mortgage.

 

 

I put in a dispute with the credit reference agency but obviously PRA just bat it off by saying its the correct date and nothing will be changed.

 

 

I was hoping you had some success with yours and then I could go down the same route ? Any advice ?

 

 

this thread is very old

it might pay you to start a new thread

of your own

 

 

dx


PLEASE DONT HIT QUOTE IF THE LAST POST IS THE ONE YOU ARE REPLYING TOO.

MAKES A THREAD TWICE AS LONG TO SCROLL THROUGH!

please do not post jpg images directly to a topic..USE PDF ....READ UPLOAD.

 

WE CAN'T GIVE ADVICE BY PM - IF YOU SEND ME A LINK TO YOUR THREAD - I WILL BE HAPPY TO OFFER HELP THERE

Single Premium PPI Q&A Read Here

Reclaim mis-sold PPI Read Here

Reclaim Bank Account, Loan & Credit Card Charges Read Here

The CAG Interest Tutorial Read Here

spreadsheets 

 

Share this post


Link to post
Share on other sites

yes will do. Thank you. I have the exact same problem though so I was hoping the OP may reply

Share this post


Link to post
Share on other sites

  • Recently Browsing   0 Caggers

    No registered users viewing this page.


  • Have we helped you ...?


×
×
  • Create New...