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Debt advice to clear/repair file.


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Good afternoon all.

 

Long story short I split from my wife last april and along with it came a little bit of debt. 

 

I have managed to save about £3000 and I want to start repairing/rebuild my credit file.

 

What is the best advice going forward for me to help my file etc and for things to start inproving. 

 

I understand that the 2 provident and capital one will be removed from my file next year so I'm guessing I would need to focus on the others to start repairing my file?

 

The following is what I have listed on my file via 3 agencies (credit karma, clearscore and Equifax)

 

Provident £170 default 5th feb 2016 opening balance £470

 

Provident £430 default aug 2016 (status delinquent) opening balance £930

 

Capital one £599 default 13th mar 2016 opening balance £195 (rest is charges etc)

 

Safety net £449 default 31st may 2019

 

Everyday loans £1491 default 30th december 2019 opening balance £1200

 

Debt managers (ex fasionworld catalogue) default 19th feb 2020

 

Lowell £900 default nov 2019 opening balance £715 - currently mcol and at the questionnaire stage see post below.

 

Regards, Dave

 

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was your credit file shot when you took out the PDL's?

 

you cant 'repair' your file any nor make it better by throwing money at it.

the defaults are there for 6yrs when each whole account will vanish

no amount of money will make this happen early.

 

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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Yes never really had a good credit rating. 

I understand they will never drop off til after 6 years but of I pay them would this mot be beneficial or not? 

 

Thanks

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i'd be putting in Irresponsible lending claims agaisnt those PDL lenders then

we have a guide in the PDL general forum stickies at the top.

 

paying any debt off thats defaulted is just as good as burning the money

the default still shows as do CCJ's regardless to payment for 6yrs.

 

 

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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  • 3 weeks later...

Apolagies for delay been on with Mediation for lowell old morses loan.

 

So dx which ones would I go down the irresponsible Lending with?

 

x2 provident

x1 morses (now with lowell)

x1 safety net

 

Would it be just these?

 

Regards.

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applied to any lending if your credit file was shot at the time.

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 mate I'm just going through credit report now and writing them all down including closed accounts.

 

Reagrds

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ALL PAID IN FULL AND CLOSED

MORSES

opening/bal £870
Start 12/12/17
End 02/07/18

opening/bal £195
Start 14/11/17
End 30/11/17

opening/bal £330
Start 02/06/16
End14/11/17

opening/bal £310
Start 04/12/15
End 29/06/17

opening/bal £125
Start 08/10/15
End11/03/16

PROVIDENT

opening/bal £580
Start 31/12/15
End 14/06/16

opening/bal £239
Start 01/10/15
End 05/01/16

GREENLIGHT CREDIT T/A VAROOMA

opening/bal £2975
Start 28/12/18
End 25/03/20

opening/bal £3500
Start 21/03/18
End 28/12/18

 


CURRENTLY OUTSTANDING

SAFETYNET

opening/bal £0
closing/bal £449
04/06/18- 01/12/20
default 31/05/19


CAPITAL ONE

opening/bal £195
closing/bal £599
13/07/15
Default 13/03/16

EVERDAY LOANS

opening/bal £1200
closing/bal £1491
08/08/18
Default 30/12/19

PROVIDENT

opening/bal £470
closing/bal £170
29/07/15
Default 05/02/16

PROVIDENT

opening/bal £930
closing/bal £430
07/06/16
Status delinquent

DEBT MANAGERS (ex fasionworld catalogue)

opening/bal £2426
closing/bal £2426
26/11/15
Default 19/02/20

That's all from my files.

 

As you can see I've had a fair few loans from all over.

 

I had a gambling problem at the time with most of them especially the varooma ones as I remember I had all the betting transactions on my statement at the time and the bloke said don't worry I have professional gamblers that we lend to all the time 😱

 

Also my credit rating has never been that good since I was 18, was constantly getting loans credits cards etc and always struggling.

 

Recently I've sorted myself out, self excluded from bookies and also excluded myself from online gambling via gamstop.

 

My divorce is nearly complete and time to try and finally get my finances back on track.

 

Regards. 

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it cant hurt you to raise complaint against each company.

most def the loan mungers!!

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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Share on other sites

Thanks dx I will.

Just a quick one though what about the morses which is currently with lowell and proceeding from Mediation to court?

 

And also there is a few that are defaulted that will drop off file next year, should I leave these to save opening old wounds as to say or go ahead and raise complaint?

 

Thanks for your advice.

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no raise complaints on them all 

one to each company

then list each loan with them in the complaint

 

cant hurt your file defaults etc etc

you can only win out of IRL Complaints as such 

as even if they fail it cant hurt you at all.

 

and as your court one has a way to run...

and there is time for it an IRL complaint to maybe relate to the case

you never know... if morses they accept there is an issue to be looked at or even decide they were wrong

your witness statement could get interesting

if only by merely ref to one being in progress.

 

yes it's nothing to do with lowells

and yes nothing to do with the court case 'as such' as its toward the OC not the claimant..

but i'm pretty sure we've had a case where it did 'play it's part'.

 

 

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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