Hi everyone!!

 Im not sure if im posting it in the write place but i had a cataloge account with Vertbaudet which i started in Dec!!

 Anyway i bought the item online and i thought i paid for it there and then (which turns out i didnt) I cant believe how stupid i have been as when every i got a letter from them i ignored them as i thought that it had been paid!! I cant belive i didnt pick up the phone and call them but sadly i didnt!!

 

Anyway i continued to ignore them and i tried to get a credit card and i was turned down! I was shocked as i have always had very good credit and pay near enough every thing ontime! So we decided to get a credit report done and  i was shocked when i saw that i had a defauly with verbaudet for £23. I instantly phoned them and paid it off once i knew that i infact had never paid it off!!

 

Anyway is there anyway in which i could get this taken off my credit history as i have now paid it! I understand that this will be on my profile for a min of 6 years and i can not believe i have trashed my credit score for a measly £23 whcih i could have paid off at any time!! I know it was no fault of my own as this could have been sorted out months ago without a blemish on my history!!

 

What ways can i go about trying too sort this issue out!!

 

Thanx For reading Angie !

 

As far as im aware they have to inform you that they are going to default you otherwise it is not legal.

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My opinions are just that opinions! Always seek legal and financial advice from a professional :)

Hi there,

Thanx so much for your reply! This morning just after i did the credit report on myself i got a letter from there debt collecters saying that as i had not paid them any money i have 14 days too clear the arrears otherwise a judgement may be made against me! Cant say exactly what is says as im not at home right now to check the exact wording!!

 

I was just wondering what is the difference between a judgement and a Default!!

 

Angie 

I would ensure that you get legal and proffessional advice on this issue. Phone your local CAB office on Monday.

 You don't want to get a CCJ on your account. Have a read of this :

www.direct.gov.uk/

en/MoneyTaxAndBenefits/

ManagingDebt/

CourtClaimsAndBankruptcy

/DG_10013083

 This explains it in a little more detail than I could.

I would suggest if you have the means to pay it off, do it as soon as possibel If you have already paid the debt off, contact the company concerned and get written confirmation that you owe them no more money.

 "Defaults are recorded on your Credit File when you fail to make Repayments on a loan over an extended period, and the Lender considers it unlikely that you will make further payments.
Having Defaults on your file will certainly make it harder to get credit in the future, but it is by no means impossible."

mypropertyforsale.co.uk/

glossary/defaults.php

 You can apply to get defaults off your account. Phone the company concerned and ask them for written confirmation of any contact they have had with you regarding the missed payments. They usually have to notify you 60 days before a default will be added, giving you time to make the payment. They must have copies of any contact with you, if they dont, it is not legal and you can apply for it to be removed via the credit reference agencies (equifax, callcredit, experian) and the company concerned./

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My opinions are just that opinions! Always seek legal and financial advice from a professional :)

Hi there thanx again!

I will be phonin CAB on monday too see what they say!!

I have paid it off it was the first thing i did as the default balance was £23 grr

 will let you know how it goes

Angie
 

Best of luck!

I'm sure you'll be fine :) Dont forget to give the company concerned to get proof that prior warning of the default was sent and get them to forward on written proof. If they say they have only standard templates of the letter, and nothing specific to your account, that is not proof of notice. You need copies of the ones sent to you.

You should be able to get credit even if the default isnt removed but id personally recommend avoiding a ccj if you can avoid it:)
 

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My opinions are just that opinions! Always seek legal and financial advice from a professional :)

HI ANGIE

I WORK IN A COMPLAINTS DEPARTMENT FOR A LARGE CREDIT CARD FIRM AND DEAL WITH A LOT OF COMPLAINTS FROM PEOPLE ASKING US TO REMOVE A DEFAULT.

IN MOST CIRCUMSTANCES COMPANIES WILL NOT REMOVE IT AS OTHER CREDIT PROVIDERS NEED TO SEE A TRUE PICTURE OF YOUR CREDIT HISTORY.

HOWEVER YOU SAY IN YOUR POST THAT THIS IS THE ONLY BAD MARKER YOU HAVE ON YOUR FILE.

IT MAY BE WORTH SENDING A COPY YOUR CREDIT FILE TO VERTBAUDETS COMPLAINTS TEAM  ALONG WITH A FRIENDLY LETTER ASKING THEM TO REMOVE IT FOR THE FOLLOWING REASONS

1. £23 IS SUCH A SMALL AMOUNT TO DEFAULT ON.

2.THIS IS THE ONLY BAD CREDIT MARKER YOU HAVE.

3. THIS WILL PREVENT YOU GETTING A MORTGAGE CARD IN THE FUTURE ETC.

4. EXPLAIN IT WAS A GENUINE MISTAKE ON YOUR PART AND YOU APPRECIATE THEY ARE NOT AT FAULT.

JUST MAKE SURE THE LETTER IS REALLY FRIENDLY AND ASK THEM TO DO IT JUST THIS ONCE ETC ETC

 HOPE THAT HELPS

 

JO

If possible not in UPPER case lol

Oops.

 The default is likely to stay on your credit file for 6 years, however I believe you are able to add a 'statement' to your credit file to appear against a particular default which will provide future lenders to see and understand the circumstances behind a default. (Although as you had ignored the letters etc from the mail order company - that probably won't help?)

Once you have paid up, you will be able to request a letter of satisfaction to prove you have fully paid the debt. You should also check this is added to your credit file so that underwriters can see that you have paid the full amount due.

If you want a clean credit file and the ability to obtain credit (cards, loans etc) - you must pay your monthly bills on time. Every time you are late, it is recorded against your file. When an underwriter is considering your application they will look at how you have managed your account with other lenders.

Like you, I have had my credit history affected in the past. If I were you, I would ensure my credit file is updated to show the debt has been settled and then work on improving the file overall. Make sure you pay on time every month and with time your default will be a past 'blip' with recent payments showing as regular and on time.

Good Luck

 

Spectrum119:If possible not in UPPER case lol

Why bump a month old comment?

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Please note, my opinions are my own, or from personal experience :-)

 

Because it appeared in a box on the right of my screen that said "Unanswered Posts"?

Doh

scotty - unsure if you're replying to me or not, but I wasn't quoting your post?!

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Please note, my opinions are my own, or from personal experience :-)