Did you know whenever a Scottish adviser might have the ability to offer some guidance for me personally with this one?

Did you know whenever a Scottish adviser might have the ability to offer some guidance for me personally with this one?

Whenever can a default is got by you deleted?

August 12, 2017 Author: Sara Williams Tagged With: credit scores, Defaults, old debts


Hi, my family and i come in a DPP (DAS) in Scotland, which we now have made repayments to for approximately 24 months, with a true number of years nevertheless to get. My real question is when will be reasonable to anticipate the creditors whom authorized the DPP to own used defaults on our credit files from? Some have actually used them nearly instantly through the date the DPP commenced, other people two months later on, nonetheless some are very nearly a after the DPP started and worryingly some are still reporting missed payments year. Any guidance could be valued.

Sara (Financial Obligation Camel) says

We will ask a Scottish adviser to respond to this.

Sara (Financial Obligation Camel) says

Ah he’s got been on christmas. I will offer him a nudge.

Hi Sara. Im A Money Adviser in Scotland. Recently I had a situation where my customer had completely paid back their DAS plan and there was clearly nevertheless a financial obligation showing on the credit history. Because it was in fact over 8 years since they’d entered the DAS, we penned to your creditor to express that in line with the ICO guidance a default must have been registered upon going into the DAS scheme. They consented to eliminate the financial obligation through the credit report. I recommend the couple return to the adviser whom arranged the DAS want to assist them to compose with their creditors to have all creditors to join up defaults. Particularly if their DAS is likely to be paid back in over 6 years. In that way once they become debt free these debts must also no more be on the credit report. They might get advice/help that is further the after connect to find an adviser inside their area

Thanks Angela, appreciate you supplying a reply. We will contact my DAS adviser and have them to assist have got all the defaults updated to mirror the date the DAS came into impact.

Hi, I’m longing for some assistance, we missed a repayment in April so 2013, by October I experienced missed 6 payments nevertheless the default didn’t begin till September 2015 ( 6 is on my credit for approximately a couple of years)

Is it a case where i could e-mail and request they go on it from an early on date? Or asked because of it become deleted. It had been from tsb bank??

Sara (Financial Obligation Camel) says

Exactly what has occurred to your financial obligation, have you been payments that are naking? Could it be nevertheless with TSB or has it been offered to a debt collector? Just what type if financial obligation had been hence?

Hey although I’m perhaps not 100% yes i do believe it is an overdraft that is unplanned. It is nevertheless with tsb and I’m not currently making payment.

Sara (Debt Camel) says

Should this be an overdraft it may be complicated, as there aren’t any set payments that are monthly. And them they are likely to want you to start paying them if you contact. It is advisable to keep in touch with National Debtline on 0808 808 4000 about if the financial obligation could be “statute barred”.

Hope you are able to assist, We have a true number of defaults on my account from 2015 that are now compensated up via a DMP, nevertheless have actually a question on 2 of these.

The two at issue where from 2 Natwest charge cards, throughout the debt was passed by the DMP Natwest to Cabot Financial.

My credit file shows the defaults as 2015, this info is provided by both Natwest & Cabot Financial, however the settlement date on each account is different, Natwest is showing as settled in August 2017 where as Cabot are showing October 2018 (this is the date that I paid Cabot april)

Is it correct and are usually online payday loans Illinois they permitted to show various settlement times vs the lender that is original?

Sara (Debt Camel) says

The Natwest financial obligation had been settled whenever it was sold by them to Cabot. The Cabot financial obligation wasn’t settled until you paid them. supplying the standard date is similar on both, that is correct.

I’d a Barclays present account and overdraft. We made month-to-month deposits of between ВЈ50-100 to pay for the interest that is overdraft decrease the financial obligation. Without providing notice, the most common ВЈ15-ВЈ25 interest changed to almost ВЈ100 and within a couple of months I exceeded the overdraft limitation. A complaint was made by me, emphasised that I experienced no notice and couldn’t. Their reaction would be to refund the costs they charged me personally for exceeding the agreed overdraft. They then proceeded to subtract the attention until it once more surpassed the restriction. In-may 2015 the account was closed by them, relocated it for their recoveries group! We declined to fund any quantity which was for the interest that is increased.