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Veteran6224

Amigo Loans - Removing Default if settling in full

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Hi everyone, I am with a mortgage consultant tomorrow.

They have recommended that I pay off my final debt (First Credit) in full.

 

I have been paying off monthly and there is £3400 left.

I have heard that if you pay in full you can request that they remove the default from your file.

Is this true?

If so is there a letter template that I can use?

Thanks in advance 

 

regards

j

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total rubbish paying a debt off means you can get the default removed.

 

you could make it a condition of the F&F that the account is totally removed

but I very much doubt they will agree to that.

even though 1st credit [intrum] are a dca.

 

the default vanishes after 6yrs anyway regardless.

 

have you sent intrum a CCA request?

very rare for Amigo to sell their defaulted loans on 

they usually litigate.

there must be some really good reason why they did this 

find it!

 

dx

 

 

 

 

 


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I haven’t asked for a CCA, I have been paying £50 a month for some time now. I will call them and see if they agree to removing it if I pay in full 

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urm..

not a good idea yet IMHO.

 

them not having an enforceable CCA

[quite probable ]

 

will put you in a far a stronger position

 

is this a mainstream mortgage advisor and a mainstream mortgage ?

or some tinpot backstreet private broker?

ONE default should not harm any success with mainstream lenders if you approach them yourself directly.

 

not saying yours is but MANY brokers/advisors/IFA's actually have links into many DCA and get back handers for settling debts that don't legally need to be settled.

 

dx

 

 

 


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

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

 

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I will send them a CCA and see what comes back,

I am already paying so will give it a shot.

 

I sent a CCA request for another sent and never heard back,

the debt vanished from my credit report 

 

It’s a mortgage advisor recommended by a friend. 

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don't know of any mainstream lenders that refuse a good rate mortgage for one default.

 

IMHO something smells.


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

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Thanks guys, it seems we have some options so fingers crossed. The larger of the 2 debts is set to be SB on the 11th next month. Once this date arrives should I send a letter to Moneybarn to request it be removed? I have sent Moneybarn and 1st Credit/Intrum a CCA request today. 
 

thanks 

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how are you deeming SB date?

accounts are removed on the defaults 6th birthday

those 2  dates rarely meet 

the latter being the important one

 


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 

 

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