Cabot Financial-Credit Reference Agencies

[dx100uk]

but it wont make any diff to your credit file nor your rating

 

so I cant see why you ever bothered paying it.

 

if its got a defaulted date its a waste on money paying debts by F&F offers.

 

what was the debt please

 

dx

[dx100uk]

urm..as with some of your other posts,

I think working in the finance industry has clouded or influenced your views

 

if a debt already carries a defaulted date on your credit file

paying it off is going to provide a minimal improvement.

 

and certainly wont allow or favour more credit to be given

 

as for employment they only ever see just the score

unless you provide a full breakdown,

it being paid they will never see.

 

all they will see is satisfied/defaulted. or settled/defaulted or PS/defaulted

 

the killer being you 'defaulted'

[dx100uk]

exactly - they and everyone else see the word 'default'

 

and paying off a defaulted debt does not remove that word.

 

it and the account is on there for 6yrs from the default.

and will vanish on the defaults 6th birthday

regardless to it being paid off or not..

 

..which is why F&F is a waste of a large sum of money in one go

it improves nothing.

 

small monthly payments of

 

if the debt is enforceable ofcourse.

 

I say no more.

[dx100uk]

ah over to the moral aspect that gets pulled every time everything else fails...speaks volumes

 

conscience is nothing to do with anything here

 

if anyone in the debt industry had any conscience

the fleecers that bought this debt would write it off

 

the OC wrote the debt off.

the debt buyers are simply as usual getting paid free money

to fund their extortion of others by 10'000's of threat-o-grams.

 

sadly the OP wont see any change to their credit worthiness

 

I'd be demanding the debt buyer removed the account

if I ever offered an F&F.

 

however they got had..damage done

 

dx

[dx100uk]

a DCA is not a 'creditor', they don't give credit

in this case they are a 'debt buyer', for prob less than 15p in the pound

they then fleece the debtor for the full amount owing..that mostly going direct to their profit pocket.

 

also in this case the 'original creditor', that probably being 'a major high street bank' wrote the card debt off against tax.

put it in a phishing portfolio

the end of their involvement in any debt.

 

paying something on a debt, where in this case, as the OP says is enforceable, sadly is the only option

but I will always continue to question the wisdom of ever doing an F&F

whereby a debt buyer wont remove the whole account from a credit file.

 

then you say stuff you mate you can have

as you wont help me but simply fleece me instead.

 

that's not head in the sand.

 

dx

[dx100uk]

started off well

but have lost their way in 4 yrs

 

 

http://www.consumeractiongroup.co.uk/forum/showthread.php?323977-Experienced-debt-help

[dx100uk]

and ofcourse there are other firms that don't like CAG nor this type of advice either

 

namely the fee charging Debt Management companies:madgrin:

 

whom like all DMC's free or fee paying

never do any checks upon the legality of someone's debts by CCA requests etc

and by reclaiming PENALTY charges and PPI.

 

they lose their fees

and the commission they get from passing on the debtor to their mates

the Claim Management Companies.

 

because cag advise is FREE

 

dx