Defaults - any chance of getting rid?

[owld84]

Hi,

 

I have recently checked my credit file and I have got 3 defaults.

 

One from Active securities Ltd for £270, date of default April 2013.

 

Another one from Think Finance for £305 in April 2013 and

another one from NatWest for £913 default date December 2013.

 

A few years ago I had gambling problems (thankfully I got help and I no longer gamble)

which led to me taking out payday loans.

 

I paid some off but the first 2 defaults must be for 2 payday loans I never paid.

 

The NatWest default was from a basic cash account I had with no overdraft feature,

I had £900 in there,

lost it on a betting site and

when I checked my account, the money hadn't been taken or frozen

 

I transferred it out

obviously when money went to the betting site, it took me £900 overdrawn.

 

I opened an account elsewhere and have never used NatWest since.

 

I am in a better position now with a decent job and spare money each month

I could afford to pay them all something each month

but I was wondering if there was anyway I could have any of the defaults removed.

 

I don't remember getting any of the default letters

but to be honest I was hiding everything from my partner at the time

so tended just to throw letters away without opening them.

 

I have moved address nearly 2 years ago and never told any of them

and I haven't received any correspondence from them at my new address.

Thanks

[maroondevo52]

Hello and Welcome,

 

If like you say the defaults were placed correctly by the original creditors I'd very much doubt you'd have any chance of getting them removed.

It's good to hear you've got your gambling under control and making a decent wage, I take it there's a reason you want the defaults removed.

 

Regards,

 

Scott.

[owld84]

Hi Scott, thanks for the reply.

 

 

I would like the defaults gone ready for when we want to buy a house

but it will be a few years down the line once we have saved enough for a decent deposit anyway.

 

I could probably pay the 2 smaller defaults off quite quickly

and the NatWest one in a few months

 

 

however, I am aware that defaults disappear from your credit file after years,

if I were to pay them ,would that 6 years start from when I paid it off?

 

If I am being completely honest,

I wouldn't feel guilty at all not paying the 2 smaller ones

as the amount of money them companies had off me when I was using them is ridiculous now I look back.

[maroondevo52]

Hi,

 

The defaults and entire account will drop off your credit report 6 years after the date of default whether there is an outstanding balance or not, the account will no longer appear on your credit report and will not be seen by prospective lenders when you apply for credit.

 

Whether you feel the need to pay off these balances is a decision you will have to make.

[owld84]

Thank you.

[isbo]

A "close personal friend" got a mortgage from the Halifax (her bank) once her defaults were over two years old. I'm assuming that she had been a good girl with regards to her banking, obviously.

[martin2006]

Its not safe to assume that 6yrs after the default date that there will be no further consequences.

 

We are seeing a lot of defaulted accounts being issued with county court claim forms in the 6th year.

 

Its your call but you may be risking having to deal with CCJ's in the future if you just leave it in the hope they will just simply drop off, the defaults will go but may be replaced by a ccj for a further 6 yrs