2 Satisfied Defaulst Removal help - Vodafone & Link/Abbey OD

[ShaneG2009]

Thank you; i appreciate your help : )

[ShaneG2009]

BRIGADIER2JCS - did you manage to get access to your paper file?

 

Thanks

 

Shane

[ShaneG2009]

Unjust Enrichment?

[BRIGADIER2JCS]

BRIGADIER2JCS - did you manage to get access to your paper file?

 

Thanks

 

Shane

 

In the office looking it up now

[BRIGADIER2JCS]

Hi Shane I can't lay my hands on the document from memory

it is a section of an OFT guidance document that states that

''defaults should be placed timely and usually within 6 months

of the cause of action'' in the case where an account would not

have been placed if charges had not been applied no default

should be recorded.''

 

 

I'm sure one of my colleagues with a bettter memory than mine

will pick this up.

[ShaneG2009]

Thanks; follow up email sent to Guy Laurence in the hope he can intervene and remove the default.

 

We'll see

[ShaneG2009]

All,

 

Just checked my Equifax report and the Vodafone entry as showing as 1, 2, 3, 4, Default - is this correct? I am sure i read somewhere that Defaults are only appropriate after 6 months?

 

In any case their Directors office is investigating my letters / notice under the DPA, my emails telling them the Default was inappropriate on the basis the Sum is largely (if not all) made up of 'Penalty Charges' (default sum relates to remaining months of contract charged).

 

They have advised they will respond tomorrow so we will see : )

 

I'll keep you all up to date.

 

Thanks

 

Shane

[BRIGADIER2JCS]

Hi Shane, the theory is defaults should be placed ''timely''

and usually WITHIN 6 months of the cause of action.

[ShaneG2009]

OK no go on that basis then.

 

Hopefully they will agree that the as the Default is made up largely of 'Penalty Charges' i.e. remaining months on contract charged it's inappropriate and should be removed.

 

Cheers

 

Shane

[BRIGADIER2JCS]

OK no go on that basis then.

 

Hopefully they will agree that the as the Default is made up largely of 'Penalty Charges' i.e. remaining months on contract charged it's inappropriate and should be removed.

 

Cheers

 

 

Shane

Still trying to find that document.

[ShaneG2009]

Hi all

 

I received so called 'copies' of the Notices Vodafone supposedly issued to me prior to Defaulting me. The 'copies' have a date on...March 2012 ha ha ha.

 

I'd have thought with 2 weeks to produce something coherant a global conglomerate such a Vodafone would have been a bit more convincing!!

 

I am supposed to be talking to their Privacy Manager today so we will see how that goes.

 

Regards

 

Shane

[dx100uk]

i think you need to bare-in-mind that after 6 late/no/under payment markers sent to the cra by a co.

the cra system automatically shows the account a s '8' or 'D' default.

 

as this is a product of penalty charges, have these been reclaimed?

 

if they are reclaimed then as long as the markers are solely there because of the penalty charges

ie the penalty charge put the a/c into default that month, then once reclaimed they must be removed.

 

as for link

you made the mistake of not attaching a condition to the payment for the defaults removal.

 

dx

[ShaneG2009]

Hi DX

 

No, i havent even mentioned to Vodafone about claiming compensation; i simply want the Default off my account. I am hoping that the combined efforts of advice from this forum and their directors office they will do the right thing.

 

I'm not too worried about Link, i actually think eventually they will remove the Default and actually they havent been as difficult as VF since i issued the notices. In any case the default is due to come off my file in August.

 

Its the VF (D) that i want off and i'm confident that i have a strong case

[ShaneG2009]

Currently my credit score is noted as very poor with experian and poor with equifax. I have 2 defaults on my files, one with Vodafone (Nov 2010) and one with Link Financial (Sept 2006).

 

How much of an effect does a default have on your credit score?

[BRIGADIER2JCS]

Hi Shane, Defaults are extremely bad and affect the ''score''

considerably, these day 1 default for even a small amount will

preclude you from acceptance, if a default is old and nearing

it's 6 year span some potential lenders will ignore but may

charge higher interest rates.

Also it is important to remember that the ''credit score'' you see

is intended as a day today indicator for you to see how lenders may

view an application.

In todays financial climate lenders are looking much deeper into

credit history and may well want up to 6 years history before considering

lending.

The other problem is that getting a default removed does not drammatically

or quickly improve credit status.

[ShaneG2009]

Thanks Brigadier

 

I've read on quite a few of your posts today about the mythical 'credit score' and i have to admit for the last year i have been obsessed with mine in an attempt to get it moving in the right direction. It is going in the right direction since both of the above defaults were settled so i guess i just have to keep plodding along.

 

I got one of the 'rebuilding' CC's a couple of months ago and have paid them off in full in both months so far so im hoping that will help.

 

I am hopeful the VF will remove their record from my file if i can succesfully prove their entry was incorrect. I've been advised by the Directors office that their Privacy Manager is now personally dealing with my record so i'll wait to see what that entails.

 

Thanks for your help

 

Shane

[BRIGADIER2JCS]

Your welcome Shane,

In the most basic terms the personal ''credit score''

is a tiny part of any business decision all lenders us

the files diifferently but they ALL have their own

unique inhouse systems, one may agree to lend

another viewing the same data will decline.

You are on the right track with the CCA, don't

be tempted in to taking increases in limits though.

 

Good luck.

[simonjohn]

Your welcome Shane,

In the most basic terms the personal ''credit score''

is a tiny part of any business decision all lenders us

the files diifferently but they ALL have their own

unique inhouse systems, one may agree to lend

another viewing the same data will decline.

You are on the right track with the CCA, don't

be tempted in to taking increases in limits though.

 

Good luck.

 

Not forgeting the effect the affect that a default may have in the housing sector ie, if a landlord or agent may carry-out a credit check on potential tenants

[National Debtline]

Experian have a really good guide on credit reports, it's quite long but worth a read if you have the time to do so:

 

http://www.experian.co.uk/downloads/consumer/YCREJul08.pdf

 

Best wishes,

 

National Debtliine.

Edited March 13, 2012 by National Debtline

[brokebutnotbeatn]

Not forgeting the effect the affect that a default may have in the housing sector ie, if a landlord or agent may carry-out a credit check on potential tenants

Defaults don't affect you here as it's a high level check that is done. CCJs and IVAs will though. Also 'forget' about a DMP if you are applying for a rental property.

[BRIGADIER2JCS]

I agree apart from the procedure that landlords and

agents use from place to place depending on the likely

clientel, in my area the searches are ''in depth''

[brokebutnotbeatn]

Yes but there is only so far they can look. My files states what letting agents can see see is excellent and I have a number of defaults. I am reasonably certain that all they can check for are CCJs but I could be wrong of course. I guess time will tell...!

[BRIGADIER2JCS]

Yes CCJs, Gone Away, CIFAS, linked addresses, financial links will be looked at.

[ShaneG2009]

Hi all

 

I recieved a response from a senior privacy manager at Vodafone today concerning the default recorded on my credit files. As expected the letter is not positive from my point of view.

 

I've attached their response, i'd be grateful of some pointers for me response.

 

Vodafone have chosen not to respond to my claim that as the default is logged inappropriately due to it being almost solely 'penalty charges' 20120315083951625.pdf

[silverfox1961]

Still trying to find that document.

 

 

Is it this one?

 

http://www.ico.gov.uk/upload/documents/library/data_protection/detailed_specialist_guides/default_tgn_version_v3%20%20doc.pdf