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    • yes sorry i was confused that you had managed to get anything out of the administrators. we've not seen that and was surprised by it read that way.   your credit file is clear Conexus Recovery and Field Services Ltd - can be totally ignored. 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..
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    • They are very nonsensical aren’t they? As far as I can tell they have no proof of ownership of debt whatsoever - it feels like they’re just hoping I cave in 🙈   I’ll get onto the CRA’s now - thank you 😊 
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3 x Paydayloan defaults - firms in administration


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I have 3 payday loan defaults listed on my credit file from 3 companies who have recently entered administration, Wageday Advance, Piggybank & Moneyshop.  Am i correct in assuming these can be removed due to this ?

 

 

"I feel sorry for people who don't drink. When they wake up in the morning, that's as good as they're going to feel all day.”

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No

wherever did you get that idea from

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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"If the company who reported this info doesn’t exist anymore – Then you have a right to have the information removed by default. Its only in the case of where it hasn’t been picked up by a Debt Purchaser."

 

https://www.consumeractiongroup.co.uk/topic/406261-credit-reference-agency-guide-the-a-z-of-understanding-and-managing-your-rating/

 

Bottom of page 19.

 

 

"I feel sorry for people who don't drink. When they wake up in the morning, that's as good as they're going to feel all day.”

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i will guess what you are saying here is you have 2 defaults for each PDL?

one from the debt purchaser

and

one from the original creditor

showing on our file?

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 just 1 default from the original creditor of which are now in administration

 

 

 

 

 

"I feel sorry for people who don't drink. When they wake up in the morning, that's as good as they're going to feel all day.”

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1 hour ago, clint1974 said:

I have 3 payday loan defaults listed on my credit file from 3 companies who have recently entered administration, Wageday Advance, Piggybank & Moneyshop. 

in post 1 you said 3?

 

so this 1 , does it have a duplicate entry from the dca which shows the same amount and the same defaulted date?

 

 

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 pdl's wageday advance, piggybank and the money shop

 

on further investigation only the piggybank one is actually showing as defaulted

no dca entries on credit file for these

all 3 have last year gone into administration. 

 

ACI (DCA) have been chasing the defaulted piggybank loan wageday & moneyshop nothing yet.

 

 

"I feel sorry for people who don't drink. When they wake up in the morning, that's as good as they're going to feel all day.”

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ok so back to what you put up...from our guide 

the last bit says...

3 hours ago, clint1974 said:

"If the company who reported this info doesn’t exist anymore – Then you have a right to have the information removed by default.

Its only in the case of where it hasn’t been picked up by a Debt Purchaser."

 

so the answer remains as post 2 ...no.

you must read things carefully...

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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  • dx100uk changed the title to 3 x Paydayloan defaults - firms in administration

So Wageday Advance & Moneyshop as far as i am aware haven't been assigned/sold to any DCA as i'm aware so technically can be removed but piggybank as it has been sold to ACI cant, correct ?

 

 

"I feel sorry for people who don't drink. When they wake up in the morning, that's as good as they're going to feel all day.”

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no.

if the debt has been sold and you have received a notice of assignment from the DCA to say so

and if there are duplicate entries on your credit file

i'e as i keep saying

the same debt is listed twice on your file and defaulted  ..thus you have 2 defaults from the same debt (not that that makes any difference anyway!! it doesn't harm your score twice)

 

so no you cant get them removed.

 

 

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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So then the guide is incorrect. I don't have duplicate entries on my credit file even from the piggybank loan which is the only one of the 3 that i'm aware of being sold.  I'm subscribed to all 3 so have checked them all.

So 2 of the 3 PDL's are not with DCA's and the same 2 companies are in administration and from what i read that means they can be removed.  I will re read the guide but am sure that applies.  

 

"If the company who reported this info doesn’t exist anymore – Then you have a right to have the information removed by default. Its only in the case of where it hasn’t been picked up by a Debt Purchaser."

 

 

"I feel sorry for people who don't drink. When they wake up in the morning, that's as good as they're going to feel all day.”

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Im pretty sure that last line is wrong

 

and should say has not hasn't

 

just because a company no longer exists it doesn't change the fact it is a true reflection of how the account was operated.

 

i will ping this to the author

 

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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So for clarification...  The company does still exist because its being wound down after going into administration and reporting will still continue until either;

 

- 6 Years expire

- OC decides to updated to Partially Satisfied / Satisfied or Settled or remove it completely. 

- OC decides to sell the account as part of debt sale where the old entry will transfer over to the DCA

 

There have been a few lenders where this occurred to in the past - These are commonly referred to as "Ghost Companies" - I have had this situation with a lender.

They disappeared into the ether with a default on my CRA - I spoke to the CRA and they advised as the company had ceased trading and as its a "Ghost Company / Reporting" that it would be removed.

And that it was... But the clue here is that the lender is actively updating it. In administration this still occurs.

 

We could do with some help from you.

 

Have we helped you ...?         Please Donate button to the Consumer Action Group

 

**Fko-Filee**

Receptaculum Ignis

 

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Keep in mind also that the companies in administration are currently at the moment putting plans in place to change reporting depending on IRR Claims etc / Criteria set out by the Administrators. 

 

We could do with some help from you.

 

Have we helped you ...?         Please Donate button to the Consumer Action Group

 

**Fko-Filee**

Receptaculum Ignis

 

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