Getting a Default Removed - Early - LLoyds OD.

[Williamsonr3]

Afternoon Guys,

 

Very short question; apologies if it has been raised prior to this.

 

 

Today I am writing off a £492 overdraft that I defaulted on in 2014, paying it in full

- have always been on amicable terms with the bank in question.

From this the bank has advised the account will go to 'settled' on my credit files.

 

Has anyone had experience in getting the default 'removed' from the account,

is it likely/unlikely and is there a certain way I should go about it?

 

I understand that the default should stay on there - as it is a reflection of my situation at the time

- however I am intrigued as it would help me for mortgage applications etc.

 

As always, help is appreciated.

[maroondevo52]

Hi,

 

You can always ask but very much doubt they will remove it.

[BankFodder]

I'm afraid that is highly unlikely.

 

The banks, mobile phone companies, anyone who has access to your credit file would rather cut off their own legs or do something horrible to their grannies then do anything to help you clean up your credit file. This is true even if they have entered something on your credit file by mistake. They would rather mark it – settled – then go back and clean up the mess they have left behind them.

 

You may as well try, if you want. But look forward to frustration. Let us know if you manage

[Williamsonr3]

I did think as much, however worth a shot I'll let you know how I get on - I have heard conflicting stories on the matter.

 

As always thanks for the help guys.

[dx100uk]

whos the bank

what date is the default?

 

 

and what is the OD made of?

 

 

its its most their charges/interest then i'd question the wisdom of paying them.

it will not help your credit rating nor mortgage hopes.

 

 

dx

[Williamsonr3]

The bank was - Lloyds TSB (now assigned to Lloyds)

Default Date - 09/2014

 

My overdraft limit at the time was £550,

I was £365 into it at the time of default, charges on top amount to £127 - totaling £492.

 

I very much agree dx,

however currently in the process of applying to a new job

and it will be in my best interest to clear it as it will require heavy financial background checking.

[dx100uk]

didn't think defaults really mattered much anymore unless its a really top end police/ financial job?

 

 

dx

[Guest]

didn't think defaults really mattered much anymore unless its a really top end police/ financial job?

 

 

dx

'financial matters' job apparently, see op's thread 'default + sec clearance'.