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Santander 4k loan

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Hello, I'm seeking some advice.

Over the past few years, I've diligently worked on reducing my credit card debt, successfully paying off both cards.

However, I'm now confronted with an outstanding Santander debt of 4k from a loan taken years ago. Santander has presented me with three options:

  1. Pay the entire amount in full.
  2. Initiate regular payments.
  3. Choose not to pay anything, as Santander has no intention of pursuing the debt.

They've also informed me that this debt will remain on my credit report until it's settled.

I find myself in a challenging situation and wonder if you have any suggestions.

What's the best approach to handle this?

Ideally, I'd prefer not to pay, but I also need to explore ways to remove this 4k debt from my credit report.

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Have you been defaulted?

Have you been involved in some kind of repayment/instalment scheme?

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No, I haven't enrolled in a repayment or instalment plan.

I suspect that I've been subject to a default, although to my knowledge, this matter hasn't proceeded to court.

I've received letters from a collection agency, but since Santander assured me they wouldn't pursue the debt, I disregarded the collection agency's attempts, thinking they were simply trying to collect money.

The debt hasn't been sold, and Santander still holds ownership of it.

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  • dx100uk changed the title to Santander 4k loan

a default is nothing to do with a court .

when did you take this loan out?

when did you last pay?

original creditors dont do court so eventually this will be sold on to a dca

a dca is not a bailiff

and have 

zero legal powers on any debt - - no matter what it's type.

there should be a defaulted date as a result of santander sending you a default notice on you credit file if they have sent one at some point.

a defaulted debt vanishes from v=credit files on the DN's 6th b'day

regardless to paying or not or paid or not

but that doesn't mean the debt is not still owed, thats down to the statute  barred date.

1 hour ago, mailgirl said:

They've also informed me that this debt will remain on my credit report until it's settled




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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