Credit4Cars - vehicle repossessed - still on husbands credit file

[luau]

Hi All

 

I'm new to this site,

another matter brought me here but thought I'd ask you knowledgeable bunch about this too (they are kind of related).

 

In 2014 we stupidly had a vehicle from Credit4cars - we allowed voluntary repossession.

 

The balance was removed and the account closed on my credit file

but on my husbands it still shows as open with a balance???

 

 

Now, I appreciate that there would more than likely have been a shortfall in the auctioned amount

and amount owed in finance but the amount on his credit file never changed

and why would the balance go to £0 on mine and a closed account yet on my husbands still show as this?

 

What do I need to do to get this updated on his credit file?

I note they are in administration so not sure where to go really

- contacted the credit reference agency and they said contact creditor.

 

We've had a bad few years financially and we are finally getting sorted

- trying to clean up credit files and this looks really bad.

 

Thanks in advance for any advice you can give

[Peterbard]

Hi

 

Noticed the mention of this on the other thread. On there you say the car is in your husband's name, can I ask whos name is on the hire purchase agreement ?

 

If payment were missed prior to the car being taken they will still remain on the file for six years even if the car goes back.

[luau]

Hi

 

Noticed the mention of this on the other thread. On there you say the car is in your husband's name, can I ask whos name is on the hire purchase agreement ?

 

If payment were missed prior to the car being taken they will still remain on the file for six years even if the car goes back.

 

It was in joint names. On my credit file it is shown as "settled" with a zero balance (and this has been shown like this on there before my DRO).

 

On my husbands it shows as the full amount (before repo) nothing has been updated on his since July 2016.

[Peterbard]

Is there any default or late payment marker on his file ?

[luau]

Is there any default or late payment marker on his file ?

 

Yes but not after 2014 it just shows as default (i'm not at home so can't tell you exact wording)

[Peterbard]

Yes but not after 2014 it just shows as default (i'm not at home so can't tell you exact wording)

 

If it is a default it will remain on ther for six years, ut has nothing to do with th vehicle it is just recording the repayment history.

I would double check your HP agreement also, it is unusual to have vehicle HP in joint names.

[luau]

If it is a default it will remain on ther for six years, ut has nothing to do with th vehicle it is just recording the repayment history.

I would double check your HP agreement also, it is unusual to have vehicle HP in joint names.

 

It shows as balance outstanding still - not updated since the repo - never been chased for anything.