Question about a default on a 30 day rolling orange phone contract

[DeadlyDirk808]

Hello There Everyone,

 

So, over the past few months I've been systematically going through my credit file

and settling all the defaults on there to try and improve my chances of getting a better car finance deal that I already have (Bill of Sale, 49.9% Apr... Evil),

 

Now I'm at the point of the final two that I'm in the process of looking in to and mopping up.

 

One of them was a 30 day rolling mobile phone contract from 2009, which I believe was £15 per month...

 

After looking into it, the default value is £108 per month.

 

Now I was under the impression that I had upgraded and moved over to a monthly contract, which is true and false at the same time.

 

It turned out that I got the monthly contract independently, so that avenue has now become a red herring.

 

Would I be right in thinking that they can only pursue me for the value of 1 month?

 

I can't fully remember the circumstances of me not paying to be honest!

 

Speaking to the debt company that are dealing with (Zinc?!?!) the guy I spoke to was very helpful

and understood where I was coming from, he's getting the full account information from Orange

for me to look at and then dispute if I need to.

 

. Any thoughts on this anyone?

 

The other one, it's a lower priority at the moment,

company called Lending Stream,

it's a default for £950ish on a £360 loan from summer 2010,

default was only registered in 2012 which is a bit strange in my opinion.

 

Haven't made contact with them yet, and they're hardly climbing over the barrels to get hold of me either,

never had any contact with them whatsoever since. Almost as if they can't be bothered.

 

The other hilarious one is cash genie, although that's not showing on my credit file, but for a loan of £90 dating back to Jan 2010,

 

I got an e-mail the other day trying to scare me by saying the debt was £1,600

and they'd take a reduced settlement on £290.

 

Naturally I replied to them stating the ridiculousness of their ploy,

and I suggested to them that if they didn't want the e-mail finding it's way to

a) The Financial Ombudsman and

b) The tabloid press then they should accept my offer of the original £90 plus £33.50 interest as agreed to settle the account.

 

Needless to say I haven't heard a peep out of them since, and would be quite happy if I never heard from them again!

 

That last one was just to amuse you all...

 

What do we all think about the mobile phone one?

[fkofilee]

Cash genie... That doesnt surprise me if it was true ^__^

 

Okay so its Orange... Cut out the DCA and go direct to EE with a SAR Request, that way you cut out the DCA.

£10 later and upto 40 Calendar days and you get what you want.

 

What do you remember? How was it a separate monthly contract?

[BRIGADIER2JCS]

Your biggest problem here is that settling these defaulted accounts will not mean the entries will be removed from the credit reference files, they will remain for the balance of the 6 year "life" of the default then will be removed on the 6th anniversary of the default date.

The "default value of £108 per month" confuses me, do you mean that the default sum on the CRA file is £108?

[fkofilee]

Your biggest problem here is that settling these defaulted accounts will not mean the entries will be removed from the credit reference files, they will remain for the balance of the 6 year "life" of the default then will be removed on the 6th anniversary of the default date.

The "default value of £108 per month" confuses me, do you mean that the default sum on the CRA file is £108?

 

He means the balance every month appears as £108 on his credit file

 

BRIG is right, the default wont disappear for 6 years from the default date.

[BRIGADIER2JCS]

How much is Zinc actually claiming you owe.

[DeadlyDirk808]

They're claiming it's £108 a month, but the guy I spoke to is getting all the info from Orange for me,

and will e-mail the information so I can decide which way to go.

 

I know the defaults will still be on there but this is about me taking responsibility for my actions a few years ago,

and whilst they'll be on the credit file, they'll be showing as settled which does count for something

and should help me get a better deal for car finance.

 

The funny thing is, I'm allowed to have an overdraft up to something daft like £2800, naturally I choose not to,

 

I do have a much smaller one which is the first I've had in about 11 years,

and my score on Credit Expert is 795,

 

I know not to read too much into that, but it's a decent guide.

[BRIGADIER2JCS]

What is the total amount Zinc are claiming you owe it cannot be a monthly figure?

It is how potential creditor view defaults satisfied or not that counts, with the emphasis very much on responsible lending these day

a large number of default entries will deter lender at standard rates.

[DeadlyDirk808]

What is the total amount Zinc are claiming you owe it cannot be a monthly figure?

It is how potential creditor view defaults satisfied or not that counts, with the emphasis very much on responsible lending these day

a large number of default entries will deter lender at standard rates.

 

Sorry, they don't know the monthly rate at the moment, but that information will come. I'm pretty sure it's only £15 though with a default figure of £108.

 

All the defaults apart from 1 are from over 3 years ago..

Edited May 1, 2014 by DeadlyDirk808

[fkofilee]

its not £108 a month... So theyve had you there. Yes poor credit means higher rates which is kind of bad etc.

I would suggest looking at Noddle and give us the info from there

[dx100uk]

stay off the phone to these fleecers please

 

paying these debts off will make sod all diff to your finance chances.

 

sorry but I think you are being had here

 

and prob been had already

 

these debts need serious, detailed investigation

NOT using info coming from any debt collection agency.

 

they tell you anything on the phone to get money.

 

always no matter WHO owns a debt.

 

you deal with the original creditor directly.

 

dx

[DeadlyDirk808]

stay off the phone to these fleecers please

 

paying these debts off will make sod all diff to your finance chances.

 

sorry but I think you are being had here

 

and prob been had already

 

these debts need serious, detailed investigation

NOT using info coming from any debt collection agency.

 

they tell you anything on the phone to get money.

 

always no matter WHO owns a debt.

 

you deal with the original creditor directly.

 

dx

 

To be honest, with the stuff I have settled it's been done directly anyway, I think it's only this one, and another that has been settled and confirmed as settled which was dealt with via a third party. I am going to get in touch with Orange directly tomorrow, and have a chat with them.

[DeadlyDirk808]

stay off the phone to these fleecers please

 

paying these debts off will make sod all diff to your finance chances.

 

sorry but I think you are being had here

 

and prob been had already

 

these debts need serious, detailed investigation

NOT using info coming from any debt collection agency.

 

they tell you anything on the phone to get money.

 

always no matter WHO owns a debt.

 

you deal with the original creditor directly.

 

dx

 

To be honest, with the stuff I have settled it's been done directly anyway, I think it's only this one, and another that has been settled and confirmed as settled which was dealt with via a third party. I am going to get in touch with Orange directly tomorrow, and have a chat with them.

[dx100uk]

great well done

 

how far are you defaults away from 6yrs.

 

dx

[DeadlyDirk808]

great well done

 

how far are you defaults away from 6yrs.

 

dx

 

For the majority off the top of my head your looking at 2 years away, there are two that went into default in the last two years, which is a shame, but going for me is a flawless payment history for the last two years anyway , and a total of 5 defaults being progressively settled, so things are looking up. One of the flawless accounts is for about £300 a month, the other is a mobile phone contract. The £300 p/m is my car finance, what I want to do is trade down, and I think I should get a better rate seeing as when I took it out, the majority of those defaults where still outstanding.

Edited May 2, 2014 by DeadlyDirk808