Hi, I have some debts that were defaulted coming up to six years ago - I am making reduced payments on them at present. I understand that defaults come off your credit record after six year but I can't find reference via the forum search facility on what happens if I'm making reduced payments/ there is still an outstanding balance. Can anyone advice what my credit record will show once it is 6 years after the default whilst I'm still making reduced payments on the debt? Thanks

Hi everyone, I have 2 remaining default notices that are both due to come off my credit file on June 6th 2014. Long story short, I buried my head in the sand and looking back I could've handled the situation better. But, what's done is done and I am almost at the end of the long road. I wish I had discovered forums like this 6 years ago! I hope to be in a position to apply for credit so I can move forward in my life. i.e. getting a mortgage. My plan is to apply for a modest credit card with my bank, demonstrate I can manage finances and then ultimately apply for a mortgage with them. I have subscribed to Experian, Equifax and Call Credit for 30 days to ensure they come off but I have 3 questions. 1. If both defaults come off on June 6th - how long should you wait before applying for any credit? 2. How long do lenders keep information regarding failed applications? I naively applied for a credit card with my bank in May 2013 and got declined. If I applied for a card in say July 2014 could my bank see the failed application from May 2013? 3. One of the defaults coming off still has a balance left on it - £930 which is with a collections agency (Lowell). I fully intend on paying the whole amount and have a monthly DD of £60 paying it off. My question is, is there any way Lowell could sell that 'debt' to another agency to try and recoup the full amount in one go? N.B. I have not made a credit application of any kind since May 2013. In 2008 I had 4 defaults. As of June 2014, 3 have been paid in full and satisfied. As I mentioned, only 1 has a balance on it but that will be coming off my report. I have not had a missed payment, utility bill, phone contract bill for 2 years so hopefully these will all be positive markers. Thank you in advance to anyone who can assist.

Hey everyone, I'm new to this site, I've read up on a lot of posts and it seems like a great community. After a few years of making small payments, missing payments, ignoring letters from creditors (the usual stuff eh), I've decided to write to them all making F&F offers. I've been living in U.S. for the last 2.5 years, but have had the letters emailed to me through a relative. To cut a long story short, I'm pretty broke and currently unemployed. I'm a UK citizen but am currently a U.S. resident. To be clear, I don't want - nor has it ever been my intention - to abandon my debts and live out here until the 6 year period is up. I came over with the best intentions of getting a high salary and everything working itself out, but that unfortunately hasn't ended up happening. Big surprise eh! I've got 10K of debt (phew, that feels good to say it out loud, so to speak), and like most people on here once I get a good paying job I just want to get on with my life, without being burdened with a pile of debt. A family member has offered to help me settle the debts, but they only have a limited amount, so I'm going to make F&F offers to all of the creditors. My question is - should I state in my letters that I am residing overseas? And if so, how should I word it? On one hand, I don't want to be deceitful in making out that I'm living in UK (although that's what I have been doing for simplicity's sake). On the other hand, I really don't want them to demand my US address / phone number / whatever for communicating with me. Is this something they even care about? On another note, will it help my chances of bartering with them if I say that I'm overseas? i.e. a broke, jobless guy who has been in default for the last 2-3 years and isn't even residing in UK might make them think "We'll take what we can get". I don't know...what does everyone think? Cheers Rob

I defaulted on 3 debts back in 2006 due to work problems and have spent the last 6 years paying them off to various DCAs. A few months ago the defaults disappeared from my credit report and I now have a pretty good credit rating and have managed to get a credit card and start improving my rating. My question is, there is still about £4600 to be paid off on two of the debts (£3450 on one and £1150 on the other) I accept the fact I owe money and that I should continue to pay, but to pay back the whole amount seems a bit unfair as the debts were purchased for pennies in the pound by the DCAs. As the defaults have disappeared from my account and as I understand it they can never be reregistered is there any incentive for me to carry on paying back the debts at the level I currently am? Can I reduce the payment to a token amount? What could the DCAs do if I did this? In the same respect what would happen if I stopped paying? Finally if I asked for a full and final settlement does the fact they are unlikely to register a satisfied in full on the debts even matter anymore as the debts no longer show up on my account? Any help is greatly appreciated. Thanks.

long protracted divorce; violence and threats - no faith in the court system - long term health issues blah blah blah.... now ex husband sold shares [even though advised he wasnt allowed to]. court order/judgement for him to return the money £3500 via monthly payments. payments originally set at £100pm which was not honoured. back to court to chase for arrears once reached £1000. judge then ordered reduced payment of £40pm for the £1k ; the remaining balance to be discussed once arrears paid ! suffice to say no funds ever received. i havent chased due to ill health and then also our daughter would been stuck in the middle during formative school years. any way 6+ years later.......... would it be too late to go back to Court to try to enforce.? additoinally i was awarded costs [again due to his actions] but legal aid charged my property as they couldnt prove he had any asset. he has remarried and the house remains in his wife's maiden name [purely avoidance for lots of other financial obligations]. i am thinking of selling but the charge will eat up a large sum; any thoughts about getting this transferred to his marital home even though not in his name? to any hard done to ex husbands who think this is me being nasty, trust me its not. i have let a lot of issues slide by as i didnt want my/our daughter to be caught up in it all; to the point that he avoided even the responsibilities as a Father. this is just me considering the options open to me, if any.

Hello All,I have a debt that I can only assume is statute barred (last payment made was 2001, creditexpert showed default date as 2005 - either way, now past 6 years and my credit is good). I am still receiving lettes from a new company now (Paladin). Now I am going to go through the blunt fone call (stop mailing and you will be receiving a registered letter through the post outlining the limitation act, etc.) and the actual sending of the letter. My main worry though is - The debts have now dropped off my credit history report...If i start this whole process, can they put the percieved debt back onto my credit report, hence affecting my score and my now glowing credit???Any advice would be appreciated. Thank you.

I will try to keep it short as an sure you have heard it all I recieved a letter from HFO on 12/9/2010 saying they were sold my debt by barclaycard etc, gave me the date it was sold to them, how much it was and now is. Lets say it is nearly a mortgage! in the Tens of thousands. I called them spoke to them, asked for more info and denied all over the phone. A week later i get a letter saying the last payment was made on the account to barclaycard on 24/9/2010. I knew it was nearing satute barred period. I wrote them asking for credit agreement clearly stating i do not admit the claim. I did not sign the letter and included a £1 standing order. It has taken them 1 month to reply with a front sheet of the agreement with my signature on it which i supposed bought me more time.nI got the letter and credit agreement yestarday 28/10/2009. Clearly 1 month and 4 days after the last payment date. of to put it into the limitatons act law, 4 days after "the cause of action accrued" I understand the cause of action as the day you missed first payment which is 1 month after your last payment? (please correct me if i am wrong) I now know that as i have not admitted the claim in the 6 years, have not paid in the 6 years and they have not taken me to court in the 6 years, is it statue barred? I know their is no court claim against me as i did a credit check and it came clear on court cases and i actually asked HFO if they had taken me to court yet and they said no. HFO say no it is not SB as they wrote me in Sept 2010 and i recieved the letter and that is when i contacted them, therefore it does not matter that i did not admit the claim so they will see me in court. What are my chances of winning if i go to court and should i be getting a solicitor involved? They are blooming expensive! Anyone konw something i have missed so far and any other actions i should be looking to take or is it just wait and see time?

Hello, I have been outside the UK since early 2003. I have been in Latin America. However had several outstanding balances that I couldn't afford to pay and left it as that. I know since my departure there has been several times that Bailiffs did send letters to my mother's address in the UK, but she basically returned their mail. I know I have 2 CCJ's before I left the UK, and I am certain I may have some more right now, looking at all the other responses I would like to understand what can the DCA's do in this regard. I read something about 6 years or more, but can someone clarify this that a debt cannot be enforced as such after those years have passed. Also that I have never been in communications with any of the companies that I was in debt with since 2003. I am more than scared of returning back to the UK, as perhaps I may be arrested on the spot at the time of entry due to the CCJ. I just wish to visit my family there. Can anyone help...Thank you so much!