Can i pay fine to remove default

[zul366]

Hiya,

 

A little Background

 

I was working for a financial institute up till last week where all of a sudden they advise me that i got defaults on my name and now i got 4 weeks to get them sorted or i lose my Job.

 

I got 3 defaults on my Call Credit report and 2 on my Experian report. i needed to remove the defaults on my Call credit report as thats what my Bank uses. I got defaults under Lowell Group (£110 settled in November 2009), HFC Bank £750 settled in 2007, Halifax £353 Settled in 2008.

 

By looks of it i will not have much of time to sort all the letters sent to all places to get my defaults removed in time, I was thinking that is there a way i can pay fine to get them removed, someone in my work place told me that it is £1000 to remove each default if it is settled but i can not find any information on it.

 

I am willing to pay any fine i have to to get them remove, Can anyone shed anylight on how can i do it or what line of action should i take as i am on tight deadline.

 

Any help will be appreciated.

 

Zul

[maroondevo52]

Hello and Welcome,

 

I'ts very difficult to get defaults removed, as your defaut amounts are relativly small you could always try writing to the creditors who placed these defaults and ask them to remove them, though I would not hold out much hope.

 

As for paying some sort of fine, I would very much doubt that.

 

A Default remains on your Credit File for 6 years and that's a long time in financial purgatory for a debt of less than £500. And it's especially so for a default of less than £100, which disgracefully many companies have issued in the past.

 

Write to the company who issued the Default and politely ask for it to be removed as -

 

a) it's for such a small amount, and

b) as a gesture of goodwill

 

In the letter explain the consequences of the default (no credit, no mortgage) and how it is financially affecting you, ie ruining their life

 

In the letter these are some of the points I'd try to get across -

 

The default is for a relatively small amount and the penalty lasts for a full 6 years

 

It's affecting your life and that of your family

You've learned your lesson and have turned over a new (financial leaf) and are now disciplined with your finances

So as a gesture of goodwill could it please be removed

 

Other points to bear in mind

 

Find out the name of the head of the Customer Services Department

 

Make sure the letter is written on a single page, make it as concise and professional looking as possible - but no fawning or gushing

 

If you receive a negative reply don't give up, reply to that person (with thanks) and reword your original letter, perhaps arguing on another point - again the worst they can say is no

 

If that doesn't work I'd write another letter but send it to the Company Secretary (you will be able to find this information on the internet, or call up head office) and see what happens

 

If the Company Secretary replies with a no, write again (thanking them for their previous letter) and argue on another point (as above)

 

If that doesn't work head to the top and write to the CEO (Chief Executive Officer), if you get a non-favourable reply, write again using another angle etc

 

This all could be 'pie in the sky' but may be worth a try.

 

Regards.

 

Scott.

[zul366]

Thanks for your reply, I have already sent letters following your advice to head of all three companies, hopefully they listen, will keep you posted how it goes.

[dx100uk]

urm..

i'm puzzled by this

usually 'spent' defaults do not affect fin inst jobs esp as they were a few years ago.

 

have you pointed this out?

that they are sorted and by the nature of the way CRA's work, [they should know they are in the industry and should know this] they should not be taken into acount.

 

you could write to the cra to put a notice on them?

 

dx

[zul366]

DX100UK it was in such a bad position that they called me in a room, pointed out my credit situation and escorted me out of building with suspension of 4 weeks, i was in complete shock and no i had not pointed out anything to them due to nature of shock i was in

[maroondevo52]

Hi, zul366.

 

I'll see if there's anyone to advise you regarding your job.

[zul366]

Thanks Maroon, Please if you can

[dx100uk]

how long had you been there before this happened??

 

dx

[zul366]

DX i was working in Bank for well over 2 years, i was working as temp Agency staff and recently been offered permanent position due to my excellent work and quality records, when they checked the credit file they walked me off building, talked with agency that why i was not told before hand and they said that when they hired me rules were not hard but rules are changed now and they were aware of this but have not informed us regarding change of rules.

 

Also DX 2 Defaults are before the date i joined bank....only thing they checked that time was CCJ and did not say anything abut default

[Bigredbus]

Hi,

 

(a) At the time you were engaged by the Agency, did they perform a credit check?

(b) Was that position conditional?

© Can you tell us, briefly, if your position is designed as a sensitive position (handling cash, access to funds, access to customer's financial files, etc.)?

(d) Have you given your written consent to either the agency or the bank?

[zul366]

Hi,

 

(a) At the time you were engaged by the Agency, did they perform a credit check?

(b) Was that position conditional?

© Can you tell us, briefly, if your position is designed as a sensitive position (handling cash, access to funds, access to customer's financial files, etc.)?

(d) Have you given your written consent to either the agency or the bank?

 

(a) Yes agency performed the credit check and it came out as satisfied at the time

(b-c) They never advised me that position was conditional and at time of joining it was refereed as i qualify to do the Job i was doing, In my Job we got no access to Cash, Cheques and customer credit files.

(d) Bigred i do not understand what written consent you asking about. Do you mean to check my credit file for defaults...? When i filled my form for permanent position i advised them my self that i had defaults in past which are been corrected and removed.

 

P.S. I just called Lowell asking abut removal of defaults and the guy on fone advise me that if they remove default they will be fortifying the credit report which is against the Law, How correct or wrong is he...? Also can you provide me some legal lines where i ca advise them that it is legal for a company to remove default.

Edited June 21, 2010 by zul366

[dx100uk]

dont phone muppet fleecers

they'll tell you anything they want you to hear. but wont quote it in a letter.

dx

[Bigredbus]

(a) Yes agency performed the credit check and it came out as satisfied at the time

(b-c) They never advised me that position was conditional and at time of joining it was refereed as i qualify to do the Job i was doing, In my Job we got no access to Cash, Cheques and customer credit files.

(d) Bigred i do not understand what written consent you asking about. Do you mean to check my credit file for defaults...? When i filled my form for permanent position i advised them my self that i had defaults in past which are been corrected and removed.

 

P.S. I just called Lowell asking abut removal of defaults and the guy on fone advise me that if they remove default they will be fortifying the credit report which is against the Law, How correct or wrong is he...? Also can you provide me some legal lines where i ca advise them that it is legal for a company to remove default.

 

When you filled in the form for your permanent position, were there any mention of any checks, CCJs, or any other credit check?

[zul366]

When you filled in the form for your permanent position, were there any mention of any checks, CCJs, or any other credit check?

 

THIS IS WHAT I SIGNED ON

 

The Data Protection Act 1998 regulates the use of information about an individual and requires that any person, firm or company who is to use information about an individual first obtains the consent of the individual. We will use and retain, for as long as appropriate, the information you give in this form to allow us to consider your application and thereafter in connection with any relationship that we may have with you, provided you have first given your consent.By completing and submitting this form you give your consent to the processing and retention of any personal information, including sensitive data, provided on this form to allow us to consider your application and any ongoing relationship that you may have with us.

 

I consent to the processing and retention of personal data and confirm that the information contained within it is true to the best of my knowledge and no material facts have been omitted.

 

As part of the application process, Lloyds Banking Group may use your personal data given in this document for the purpose of obtaining a Disclosure Certificate through Disclosure Scotland, in accordance with the Data Protection Act 1998.

This personal data will be exchanged electronically between the aforementioned parties and the completed disclosure will be returned and opened by Lloyds Banking Group Plc, who will retain the disclosure certificate and information contained therein for a maximum period of 6 months, after which it will be destroyed by secure means.

 

 

I understand that by accepting this declaration, and confirming my mother’s maiden name (this is required for the purposes of obtaining the disclosure), that I provide my consent to request a disclosure under the terms outlined above.

 

 

 

 

I confirm that the information supplied in this application is true, and understand that if any of the information is found to be false, any offer of employment may be withdrawn, or employment with Lloyds Banking Group may be terminated.

I give my permission for employment, academic and credit checks to be carried out I understand that you will not contact my current employer until I have accepted a position with the Bank I agree that you may make searches at credit reference agencies so that you can check the personal financial information given to you. This search may be recorded by the credit reference agencies but it will not be used by other lenders or insurers when assessing lending or insurance risks, although it may be used for debt tracing and to prevent money laundering. If I ask, you will tell me which credit reference agencies you have used so I can get a copy of my details from

them I agree that you may check what I have told you with fraud prevention databases

 

I understand that if your investigation identifies fraud or the commission of any other criminal offence on my part when applying for or during my employment with you, you will record details of this on fraud prevention databases. This information may be accessed from the UK and other countries by law enforcement agencies and by you and other employers (and potential employers) to prevent fraud. If I ask, you will tell me which fraud prevention databases you share information with.We are pleased to confirm that the information given in this application by any candidate will be used for the purpose of recruitment only and that it will not be divulged to any other party within the Lloyds Banking Group Plc or outside these companies unless the information is required to prevent fraud or a criminal act.

[Bigredbus]

Hi,

 

Thanks for the latest information.

 

Presumably, one of the conditions to your position within this financial institution, was, at the time you were working for the agency, to satisfy a credit check.

 

Upon 'checking' your credentials, you were allowed to work for that financial institution.

 

Now, provided that you still occupy the same position as you did when you initially started, both screenings should be the same (requesting the same information)... when you started, with the agency, and now as standing for that permanent position. The information in both screenings should be identical.

 

When you started, with the agency, regulations required that agencies screen candidates adequately, giving employers information on why candidates might be unsuitable.

 

What you need to do is to request the agency to unveil the information they requested from credit agencies (and which ones) and you want to check if the defaults against you were disclosed.

 

(a) What were the pre-requisites to obtain a position with the financial institution when you started? (in other words, what did the financial institution want the agency to check?)

 

(b) What are now the pre-requisites to work for that financial institution?

Edited June 21, 2010 by Bigredbus

[zul366]

Hi,

 

Thanks for the latest information.

 

Presumably, one of the conditions to your position within this financial institution, was, at the time you were working for the agency, to satisfy a credit check.

 

Upon 'checking' your credentials, you were allowed to work for that financial institution.

 

Now, provided that you still occupy the same position as you did when you initially started, both screenings should be the same (requesting the same information)... when you started, with the agency, and now as standing for that permanent position. The information in both screenings should be identical.

 

When you started, with the agency, regulations required that agencies screen candidates adequately, giving employers information on why candidates might be unsuitable.

 

What you need to do is to request the agency to unveil the information they requested from credit agencies (and which ones) and you want to check if the defaults against you were disclosed.

 

(a) What were the pre-requisites to obtain a position with the financial institution when you started? (in other words, what did the financial institution wanted the agency to check?)

 

(b) What are now the pre-requisites to work for that financial institution?

 

Bigredbus

 

I will go and check this tomorrow, i am quiet ticked off on agency that why have the not inform me about changes in advance, i would not have filled this form out which resulted in my termination.

[Bigredbus]

Hi,

 

How are you getting on?

[pkh911]

As you have settled your defaults and they where a few years ago, you are obliged to request them to be removed as you have made a legal agreement with the lender to pay what is owed. As you have complied with your part of the bargain the lender has defaulted on thier side of the agreement. Send them a formal letter of complaint, and insert an invoice charge of £35.00 for YOUR time, with a time limit of 30 days for receipt of payment. Then send them 10 more letters AND invoice day after day until you have sufficient cause to take the lender to court for NON PAYMENT. You can then proceed to issue a credit file report for the lenders ignorance. It has worked for me. BUT you HAVE to follow it through, not do what lenders do Extort with menaces.

Good Luck!!!:)