Jump to content


28 days before Defaults are removed, after 6 years......


style="text-align: center;">  

Thread Locked

because no one has posted on it for the last 3182 days.

If you need to add something to this thread then

 

Please click the "Report " link

 

at the bottom of one of the posts.

 

If you want to post a new story then

Please

Start your own new thread

That way you will attract more attention to your story and get more visitors and more help 

 

Thanks

Recommended Posts

Hi........

 

 

Just got few questions regarding 5 debts that I have been repaying under a self debt management...

 

 

In all I have been spreading £200 per month across these five debts, all which the defaults are 6 years old in 28 days time....

 

 

After the 6 year dead line, I will be wanting to lower the repayments by at least half, giving the family more money in our pockets each month, what are the possible implications on lower the repayments after the 6 year defaults are removed.

 

 

I have had NO problems with any of the companies I owe the money to over the last 6 years, and I have maintained the agreed amount for the full six years.... the money still owing will continue to be repaid each month, but at a lower rate, to which I am currently drafting the letters to sent to the five companies after the six years of default are up next month.

 

 

What action if any can these companies under take in me lower the monthly payments. ?

 

 

kind regards

!2 years Tesco distribution supervisor

7 years Sainsburys Transport Manager

 

4 Years housing officer ( Lettings )

Partner... 23 Years social services depts

 

All advice is given through own opition, also by seeking/searching info on behalf of poster, and own personnel dealings.

Link to post
Share on other sites

They cannot default your credit files again - once the 6th birthday has been and gone, so should the reporting cease.

 

As already advised, if you can provide some history/detail of the debts we can perhaps advise further.

 

Do you know if there are any default / penalty charges on any of these debts - or unwanted insurance ?

 

What are the outstanding balances.

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

1: How can BCOBS protect you from your Banks unfair treatment

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

Link to post
Share on other sites

  • Recently Browsing   0 Caggers

    • No registered users viewing this page.

  • Have we helped you ...?


×
×
  • Create New...