credit reference agencie, urgent help needed

[CLAIRERUANE1234]

Hi,

 

I have a question but will briefly explain my position first.

 

I have 3 debts,

first and second usecured loans and i believe will be removed september this year as the default status was september 2006

the last is december but a secured loan,

i,m hoping and preying they will be removed cos this is stopping me and my family from pursuing a mortgage.

 

I believe they should 100% be statute barred sept/dec 2012, however my only worry is on my credit report, well, 1 of them (the secured loan) was updated as follows.

 

Date Updated

06/06/2012

 

Does anyone know what this actually means?,

it clearly states D = DEFAULTED in the payment history december 2006

but last updated as above,

 

i have not accepted the debt or made any payments ever to these companies,

as it was infact not my debt anyway,

it was ex husbands debt using my name,

 

police wont do anything as its too old,

 

the cra,s say nothing they can do,

 

the creditors arn,t bothered when i told them it was harrassment and fraud

but they didn,t reply ,

 

just recieved a form to fill in from ombudsman,

 

I have not acknowledged the debt ever and can,t understand what last updated means,

all i want is for these to be gone by december to get on with my life.

 

Please Help, as i,m at my wits end and would really appriciate anyone who can help.

 

Kind regard,s

Claire

[maroondevo52]

Hello and Welcome, Claire.

 

I wouldn't worry about your report being updated, this is supposedly done by companies on a monthly basis as far as I know, this will not affect your default.

6 years after your default date it should be removed from your file.

[havinastella]

I have moved your thread to the correct forum.

[dx100uk]

yep 6yrs from default date account goes ....

 

 

dx

[citizenB]

You say one of the loans is a secured loan. Secured on what? A property you are currently live in/own?

[BRIGADIER2JCS]

Maroondevo and DX are correct the defaulted accounts will be removed at thedates stated, but you should be aware that the fact that this happens does no for real purposes dramatically improve your ''credit score'' this in an case plays a relatively small part in a lenders assessment of a potential borrower, all have their unique inhouse systems, also mortgage lenders are increasingly looking to 5-6 years og good+++ credit management history.

[CLAIRERUANE1234]

Maroondevo and DX are correct the defaulted accounts will be removed at thedates stated, but you should be aware that the fact that this happens does no for real purposes dramatically improve your ''credit score'' this in an case plays a relatively small part in a lenders assessment of a potential borrower, all have their unique inhouse systems, also mortgage lenders are increasingly looking to 5-6 years og good+++ credit management history.

 

 

Thankyou for all your advice people, Really appriciate that, good and bad news i guess, Re: Above quote - Is this the case even tho i have a total clean credit history? Apart from ofcourse these 3 debts in question, i have never missed a payment for 2 years bar the above as i refuse to pay when its not my debt?

 

Also i realise the secured loan is not statute barred till 12 years "so i believe" however does this still drop off my credit file?

 

I looked at the emergency credit builder on here and have taken action and been accepted on the natwest steps account, does this mean i will be able to get a mortgage at some point soon in the future if i have no missed payment,s and attempting to build a credit history from now or when these parasite defaults fall off?

 

Thanks again for all of your help.

 

Kindest

Claire

[CLAIRERUANE1234]

You say one of the loans is a secured loan. Secured on what? A property you are currently live in/own?

 

It was secured on my ex husbands property not even in my name but the debt was, still dont understand how the B****d managed to sign my name or do it.

 

Thanks for reply,

Claire

[CLAIRERUANE1234]

I have moved your thread to the correct forum.

 

 

Thanks, i am new to this site so wasn,t sure

 

Cheers

Claire

[CLAIRERUANE1234]

Hello, Just an easy question for the knowledgeable.

 

I have a default on my credit file, i want to pay it in full, will the RED DEFAULT Mark change to SETTLED once its paid?

 

Thanks for all your help

Claire

[Learnerlitigator]

Perhaps you should suggest it as a condition of settlement to the creditor. But I'm sure better advice will be along.

[maroondevo52]

Hi, Claire.

 

What's the debt, it will be marked as settled some time after you pay it off but won't make any difference to your credit rating I don't think.

 

 

I'm going to merge this thread with your current one as both on similar tracks.

 

Regards.

 

Scott.

[CLAIRERUANE1234]

Hi, Claire.

 

What's the debt, it will be marked as settled some time after you pay it off but won't make any difference to your credit rating I don't think.

 

 

I'm going to merge this thread with your current one as both on similar tracks.

 

Regards.

 

Scott.

 

 

Hi Scott debt is phone 3G with Lowell debt collection,

 

Thanks

Claire

[CLAIRERUANE1234]

Hi, Claire.

 

What's the debt, it will be marked as settled some time after you pay it off but won't make any difference to your credit rating I don't think.

 

 

I'm going to merge this thread with your current one as both on similar tracks.

 

Regards.

 

Scott.

 

 

How come it won,t effect credit score if its settled ??

 

cheers

Claire

[dx100uk]

if you are going to pay lowlife an F&F

 

ENSURE it is marked SETTLED [and NOT PARTIAL SETTLEMENT]

 

and make it another condition that ALL markers [late/over/non] are REMOVED TOO.

 

else it will be a waste of money/time

and do nothing for your credit rating.

 

dx

[BRIGADIER2JCS]

The settlement makes little differnce because it is still a default entry!!

[dx100uk]

as long as the 'default' and bad markers are removed

the OP will get a mortage.

 

as another point....

 

sb'ed on secured loans might well be 12yrs

but SB & defaults have little alike.

 

a defaulted account WILL be removed from your CRA file on the defaults 6th birthday

regardless to SB time or paid or not.

 

follow post 15

 

you'll be ok.

 

dx

[CLAIRERUANE1234]

The settlement makes little differnce because it is still a default entry!!

 

 

 

Ok, but DX says i,ll still get a mortgage, how can this be if it makes little of no difference to my Credit File?

[CLAIRERUANE1234]

as long as the 'default' and bad markers are removed

the OP will get a mortage.

 

as another point....

 

sb'ed on secured loans might well be 12yrs

but SB & defaults have little alike.

 

a defaulted account WILL be removed from your CRA file on the defaults 6th birthday

regardless to SB time or paid or not.

 

follow post 15

 

you'll be ok.

 

dx

 

 

Great news, another point, sorry its all a bit long winded,

 

Right.....

. LOW LIFE Has 3G Defaulted 2010,

 

but they also have another 2 DEFAULTS due to drop of this year on my file (see above),

 

now i am happy to pay the 3G using message 15 as advised as this was my debt and a stupid mistake to be fair but my fault,

 

If i admit the debt!!!! will this bring the other 2 Defaults into play (ie. admitting them)

even though they are different debt companys and different defaults on my Credit File?

 

Didn,t realise this till today, omg this could have been a major mistake!!!

 

 

Thanks Again

Claire

[dx100uk]

sri...

 

what are you saying...

 

even if you get this one done

there are others that show 'default' and they will prevent your mortgage?

 

dx

[CLAIRERUANE1234]

sri...

 

what are you saying...

 

even if you get this one done

there are others that show 'default' and they will prevent your mortgage?

 

dx

 

 

I have 2 Defaults showing on my credit report under Lowell Portfolio

defaulted sept/dec 2006 (both for different amounts) which are due to drop off,

 

I also have another small £53 default from 2011 with 3G and

 

phoned 3G today and found out that its with Lowell Portfolio also,

 

Shall i settle the 3G debt with Lowell Portfolio or will this effect the other 2 Lowell portfolio debts due to drop off in sept/december 2012?

 

Thanks

Claire

[dx100uk]

no shouldn't

[BRIGADIER2JCS]

No it will have no effect on other accounts, always state even when paying off a default with a DCA '' I do not acknowledge any debt to Lowell'' .

[citizenB]

It was secured on my ex husbands property not even in my name but the debt was, still dont understand how the B****d managed to sign my name or do it.

 

Thanks for reply,

Claire

 

Claire, have you sent a letter of disassociation to the Credit reference agencies ?

 

Do you have a copy of the agreement for the loan - if you could prove that someone else has copied your signature !!!

[CLAIRERUANE1234]

Ok Guys,

I am going to write to Lowell and offer to pay the £53 debt with 3G in full and hope they put settled on my Credit file,

wait for the 2 other debts to drop off on there 6th bithday sept and december

and then hoping i,ll be able to get a mortgage,

 

if any thinks this is wrong let me know please,

 

if not i,ll keep you posted on the situation.

 

Thanks again for all of your help, this site is brilliant x

 

Claire