Have you any idea whenever a adviser that is scottish manage to offer some guidance for me personally on this one?

Have you any idea whenever a adviser that is scottish manage to offer some guidance for me personally on this one?

Whenever can a default is got by you deleted?

August 12, 2017 writer: Sara Williams Tagged With: credit scores, https://paydayloansnc.org/ 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 whenever will be reasonable you may anticipate the creditors whom approved the DPP to possess used defaults on our credit files from? Some have actually applied them nearly straight away through the date the DPP commenced, other people two months later on, nevertheless some are nearly a year following the DPP began and worryingly most are nevertheless reporting missed repayments. Any guidance is valued.

Sara (Financial Obligation Camel) says

We will ask a Scottish adviser to respond to this.

Sara (Financial Obligation Camel) says

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

Hi Sara. Im A Cash Adviser in Scotland. Recently I had a situation where my client had fully repaid their DAS plan and there is nevertheless a debt showing on the credit history. Because it was in fact over 8 years since they’d entered the DAS, we published towards the creditor to say that in line with the ICO guidance a default must have been registered upon going into the DAS scheme. They consented to take away the financial obligation through the credit history. The couple would be suggested by me return to the adviser who put up the DAS intend to assist them to write for their creditors to obtain all creditors to join up defaults. Particularly if their DAS is likely to be paid back in over 6 years. This way if they become debt free these debts must also no more be on their credit history. They are able to get advice/help that is further the after connect to find an adviser within their area

Many thanks Angela, appreciate you providing an answer. We will contact my DAS adviser and get them to aid have got all the defaults updated to mirror the date the DAS arrived into effect.

Hi, I’m dreaming about some assistance, we missed a repayment in so 2013, by October I had missed 6 payments however the default didn’t start till September 2015 ( 6 is on my credit for around 2 years april)

Is it a case where I am able to e-mail and request they go on it from a youthful date? Or asked because of it become deleted. It had been from tsb bank??

Sara (Financial Obligation Camel) says

Just what has occurred towards the financial obligation, are you currently payments that are naking? Can it be nevertheless with TSB or has it been sold to a debt collector? Exactly what kind if financial obligation had been therefore?

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

Sara (Financial Obligation Camel) says

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

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

The two under consideration where from 2 Natwest charge cards, throughout the DMP Natwest passed your debt to Cabot Financial.

My credit history 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 this proper and so are they allowed to show various settlement times vs the initial lender?

Sara (Financial Obligation Camel) says

The Natwest financial obligation had been settled when they offered it to Cabot. The Cabot financial obligation wasn’t settled until they were paid by you. supplying the standard date is the identical on both, that is correct.

I experienced a Barclays current account and overdraft. We made month-to-month deposits of between ВЈ50-100 to pay for the overdraft interest and reduce steadily the debt. The usual ВЈ15-ВЈ25 interest changed to almost ВЈ100 and within a few months I exceeded the overdraft limit without giving notice. We made a complaint, emphasised that I’d no notice and couldn’t. Their reaction would be to refund the charges I was charged by them for exceeding the agreed overdraft. Then they continued to subtract the attention until it once more surpassed the restriction. In-may 2015 the account was closed by them, relocated it with their recoveries group! We declined to fund any quantity which was for the interest that is increased.