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The Money Shop & Capquest Defaults = NO mortgage = please help!


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good afternoon - I'm unsure what sub forum to use put this in so thought id put it in here..

 

my Name is Dan - nice to meet you - I'm a 25 year old lad from Newcastle

 

I recently got declined for a mortgage and they said its because I have defaults

and some "problematic open accounts" on my report?

can you please check for me and shed some light on something I've missed?

 

I had 3 defaults

- I managed to get 1 totally removed by Vodafone by just asking really nicely

however the money shop and cap quest aren't budging

 

when I look at my report all of the "bad accounts" show a balance above being zero

but in the grids below a lot of them don't end with a 0 - is this normal?

 

 

also at the end of my experian report it lists all my payday loans in a huge list

and all of them have a (closed) after them

but these 2 defaulted accounts look there still open

- is this correct?

 

I owe nothing to these companies now

- I have tried threatening the moneyshop with putting in a compensation claim

(they totally took advantage and gave me around 20 loans almost back to back)

so I said to them to save you all this money you'll pay me just remove the default and we'll call it quits

 

 

- I got the standard reply of: expect to hear from us for up to 8 weeks but we have a backlog so it may be it a bit longer.

With capquest they just keep saying speak to very - which I do. then they tell me to speak back to capquest :(

 

let me know if you can help me

- in the meantime I've had to go through a sub prime mortgage lender as a last grip to getting our dream house which came up mega cheap due to a family illness but if possible I want to try and get NatWest to accept me in the meantime saving a substantial amount of money.

 

any point in the right direction will be highly appreciated

 

let me know if you want a pdf of my report and ill send it over for you

 

thanks again

 

Dan

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not a lot you can do sadly.

the defaults are correct anyway

and even if you get them removed

 

 

the large amount of PDL's will be the remaining problem.

even if you've paid them off

the fact they are there shows you cannot or could not manage you finances

 

 

as a high street lender

NatWest wont touch you with a barge pole

because of that sadly

please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

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ok guys thanks for the heads up - the last one I had was in 2013

 

can you tell me if this looks right tho?

 

see attached from my credit report

 

should the moneyshop one INSTANT CASH LOANS LTD T/A THE MONEY SHOP 40 Months show as closed? because it is all paid off and has been for years - screenshots can be shown if confusing

 

should the capquest one CAPQUEST (FORMERLY FTC) 48 Months show as closed? because it is all paid off and has been for years - screenshots can be shown if confusing

 

 

 

many thanks for all your help

 

Dan

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As long as it showing as a zero balance it should be ok. It will also show the date it was last updated so it would be clear if it was still being used. As mentioned before the defaults will be a problem though.

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closed means its been paid off.

so is moved to the closed section

 

 

doesn't mean they don't show.

 

 

its the defaults

and the sheer number of PDLS that will cause you issues with high street lenders

please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

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closed means its been paid off.

so is moved to the closed section

 

 

doesn't mean they don't show.

 

 

its the defaults

and the sheer number of PDLS that will cause you issues with high street lenders

 

yes i understand that but should those 2 not as closed aswel because there all paid off and the balance is zero on them?

 

thanks a lot

 

Dan

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can you write that again please

please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

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can you write that again please

 

Sorry about that - this what that page I was talking about in my credit report looks like:

 

 

 

Instalments Age

INSTANT CASH LOANS LTD T/A THE MONEY SHOP 0 Months [Closed]

INSTANT CASH LOANS LTD T/A THE MONEY SHOP 0 Months [Closed]

INSTANT CASH LOANS LTD T/A THE MONEY SHOP 0 Months [Closed]

INSTANT CASH LOANS LTD T/A THE MONEY SHOP 0 Months [Closed]

INSTANT CASH LOANS LTD T/A THE MONEY SHOP 0 Months [Closed]

INSTANT CASH LOANS LTD T/A THE MONEY SHOP 0 Months [Closed]

INSTANT CASH LOANS LTD T/A THE MONEY SHOP 3 Months [Closed]

INSTANT CASH LOANS LTD T/A THE MONEY SHOP 0 Months [Closed]

INSTANT CASH LOANS LTD T/A THE MONEY SHOP 1 Months [Closed]

INSTANT CASH LOANS LTD T/A THE MONEY SHOP 0 Months [Closed]

INSTANT CASH LOANS LTD T/A THE MONEY SHOP 0 Months [Closed]

INSTANT CASH LOANS LTD T/A THE MONEY SHOP 1 Months [Closed]

INSTANT CASH LOANS LTD T/A THE MONEY SHOP 3 Months [Closed]

INSTANT CASH LOANS LTD T/A THE MONEY SHOP 40 Months

INSTANT CASH LOANS LTD T/A THE MONEY SHOP 1 Months [Closed]

INSTANT CASH LOANS LTD T/A PAYDAY UK 0 Months [Closed]

INSTANT CASH LOANS LTD T/A PAYDAY UK 0 Months [Closed]

WONGA COM 1 Months [Closed]

WONGA COM 0 Months [Closed]

WONGA COM 0 Months [Closed]

WONGA COM 0 Months [Closed]

WONGA COM 0 Months [Closed]

WONGA COM 0 Months [Closed]

WONGA COM 0 Months [Closed]

WONGA COM 0 Months [Closed]

WONGA COM 0 Months [Closed]

WONGA COM 0 Months [Closed]

WONGA COM 1 Months [Closed]

WONGA COM 0 Months [Closed]

WONGA COM 1 Months [Closed]

WONGA COM 0 Months [Closed]

WONGA COM 1 Months [Closed]

WONGA COM 0 Months [Closed]

 

 

 

 

Instalments

Mail Order Age

SHOP DIRECT FINANCE COMPANY LTD 8 Months [Closed]

CAPQUEST (FORMERLY FTC) 48 Months

 

 

 

 

 

for the lines in bold - should they not be marked as closed also because the full balance was paid?

 

I totally totally understand the defaults are there to stay

 

 

thanks a lot

 

Dan

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dunno but I cant see it making a monkies diff

please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

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dunno but I cant see it making a monkies diff

 

young and stupid my friend

 

time to start asking them nicely if they'll remove them as there adverts said it will boost my credit rating

 

thanks for your input

 

 

Dan

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no harm in trying.

 

 

have you tried the irresponsible lending route with any of the PDL companies?

many are coughing quite nicely.

 

 

dx

please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

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no harm in trying.

 

 

have you tried the irresponsible lending route with any of the PDL companies?

many are coughing quite nicely.

 

 

dx

 

yes mate at the moment im trying to get statements from them all - most obliged except the money shop haha! ill post my results in this thread

 

Dan

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If theyve said it WILL increase your rating, then you need to complain as that is blatant irresponsible lending.

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

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