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Have you figured out whenever a Scottish adviser might manage to offer some guidance for me personally with this one?

Have you figured out whenever a Scottish adviser might manage to offer some guidance for me personally with this one?

Whenever can a default is got by you deleted?

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


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

Sara (Financial Obligation Camel) says

We will ask a Scottish adviser to answer this.

Sara (Financial Obligation Camel) says

Ah he has got been on vacation. We will provide him a nudge.

Hi Sara. Im A Cash Adviser in Scotland. Not long ago I had an instance where my customer had completely paid back their DAS plan and there was clearly nevertheless a debt showing on the credit history. We wrote to the creditor to say that based on the ICO guidance a default should have been registered upon entering the DAS scheme as it had been over 8 years since they’d entered the DAS. They consented to get rid of the financial obligation through the credit report. The couple would be suggested by me get back to the adviser whom put up the DAS intend to help them compose with their creditors to obtain all creditors to register defaults. Particularly if their DAS should be paid back in over 6 years. In that way once they become financial obligation free these debts must also no more be to their credit history. They might get advice/help that is further the after backlink to find an adviser inside their area

Many thanks Angela, appreciate you supplying an answer. I shall contact my DAS adviser and get them to assist have all the defaults updated to mirror the date the DAS arrived into impact.

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

Is this a full case where i could e-mail and request they go on it from a youthful date? Or asked because of it become deleted. It absolutely was from tsb bank??

Sara (Financial Obligation Camel) says

Exactly what has happened to your financial obligation, have you been naking repayments? Could it be still with TSB or has it been offered to a debt collector? Exactly what kind if financial obligation had been hence?

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

Sara (Financial Obligation Camel) says

Should this be an overdraft it could 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 speak with National Debtline on 0808 808 4000 about whenever financial obligation can be barred” that is“statute.

Hope it is possible to assist, i’ve a number of defaults on my account from 2015 that are now compensated up via a DMP, nevertheless have actually a concern on 2 of these.

The two under https://cartitleloansplus.com/payday-loans-mn/ consideration where from 2 Natwest bank cards, throughout the debt was passed by the DMP Natwest to Cabot Financial.

My credit history shows the defaults as April 2015, this information is given by both Natwest & Cabot Financial, nevertheless the settlement date for each account differs from the others, Natwest is showing as settled in August 2017 where as Cabot are showing October 2018 (here is the date that we paid Cabot)

Is it proper and tend to be they permitted to show various settlement times vs the initial loan provider?

Sara (Debt Camel) says

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

I experienced a Barclays present account and overdraft. I made month-to-month deposits of between £50-100 to pay for the overdraft interest and decrease the financial obligation. Without offering notice, the most common £15-£25 interest changed to almost £100 and within a couple of months I exceeded the overdraft limitation. We made a complaint, 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. Then they continued to subtract the attention until it once more surpassed the restriction. In-may 2015 they shut the account, relocated it with their recoveries group! I declined to cover any quantity which was when it comes to increased interest.


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