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confused4sum

Cannot get credit!

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I am unable to get credit of any description, apart from a payday loan with expensive Provident.

 

I have 3 accounts, 2 with Capital One, the other with Vanquish.

 

These 3 do show late repayments, but Capital One is showing partically settled in September 2018 and Vanquis settled in full in December 2016.

 

The main issue I had is with NewDay Ltd.

 

I notified NewDay that my disability living allowance was stopped after I had my review when I went to transfer over to PIP.

 

NewDay were sympathetic, and agreed to place my account on hold, freezing interest and payments etc etc.

 

On the 4th May 2018, I received a letter from NewDay; theyagreed that due to my financial issues, they would no longer chase me for payment.

 

Soon after, a default was issued with with credit reference agencies that the account default with a default date of 12th June 108.

 

Why then agree to not chase me for payment then issue me with a default seems to me to be grossly unfair!?

 

I did a Notice of Correction on my credit file to show lenders that my account was on hold, and they agreed not to chase me for payment.

 

Can anyone please give me some advice?

 

I have a good income of £1100 a month in benefits income, and I state on applications I am retired.

 

I am initially accepted for credit, but they then go to the CRA's, I am then declined.

 

Its frustrating I can only get a loan with Provident.

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Don't know if I have one in my area , but will have a look.

 

Thanks xx

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What part of the UK are you in? Credit unions have associations with websites that help you find your nearest one.

 

HB

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Illegitimi non carborundum

 

 

 

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Quote

Why then agree to not chase me for payment then issue me with a default seems to me to be grossly unfair!?

 

I did a Notice of Correction on my credit file to show lenders that my account was on hold, and they agreed not to chase me for payment.

 

 

Anyone irrespective that breaks an agreement and is unable to meet the minimum monthly contractual payment will receive a Default Notice....it cant be put on hold indefinitely... all creditors must record and submit correct data to the credit agencies as per the Information Commissionnaire (ICO) guidelines and directive on credit and data reporting.

 

Andy

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