HSBC overdraft and loan Deafults nearing 6 years

[Guy1002]

Hi All

 

 

I was wondering how affected a credit score would be for 2 defaults from April 2011? one is satisfied, the other is being paid off monthly. It seems that its the only thing on the credit report keeping the score low. But as it will automatically be removed in April 2017 would it still have such a large affect?

[fkofilee]

A Credit Score is worthless... But as a general lending profile etc... Yes it would look very good if they dropped off.

Tell us more about who the defaults belong to.

[dx100uk]

Defaults are removed as well as the whole defaulted debt on the defaults 6th birthday

Paid off settled paying not paying makes no odds

They kill a credit file

 

Ever sent a CCA request?

[Guy1002]

Hi, thanks for the reply.

I knew that the debts cleared after 6 years but didn't know how much of an impact they have on my score at 5 yrs and 6 months.

 

They are for an old HSBC overdraft and bank charges, and an old HSBC loan from when I wasn't working and not able to pay them.

 

Funnily enough, from a conversation I had with them yesterday (or Metropolitan as they call themselves) trying to obtain exact dates, I missed some payments,

and then made some,

and missed some more,

before I missed 6 payments in succession (which triggers the default they claim) .

 

 

the default was recorded a year after my first missed payment.

If I had not made any payments and let the default run and not done anything, it would be dropping off my file about now.

 

I haven't thought about a CCA before,

only because prior to this week and finding this forum I didn't have a clue as to what that was,

what my rights were, and everything else I've learnt from here!

 

I did whilst on the phone to them request all the information and tell them that I would be following this up with an official request in writing.

 

 

The lady was very accommodating in my request for a statement of account and letter of intent to default.

She got a bit edgy when I asked for a true copy of my signed credit agreement,

and a copy of the certificate of assignment.

 

 

Informing me that they may not be able to provide the latter.

HA! even after a few days on here I knew that was coming.

 

I know I probably shouldn't have mentioned anything on the phone really!

[dx100uk]

if the debts are still with the original creditor then little point in a CCA request at this late stage but wont hurt.

 

 

not sure on this bit:

the default was recorded a year after my first missed payment.

If I had not made any payments and let the default run and not done anything, it would be dropping off my file about now.

 

 

the default should be registered within 6mts of the 'cause of action' starting to pay makes no odds on when that should be defaulted.

 

 

might be an idea to sar HSBC, as there might well be things to reclaim etc?

 

 

certificate of assignment wont exist if the debts have not been sold on .

[Guy1002]

if the debts are still with the original creditor then little point in a CCA request at this late stage but wont hurt.

 

 

not sure on this bit:

the default was recorded a year after my first missed payment.

If I had not made any payments and let the default run and not done anything, it would be dropping off my file about now.

 

 

the default should be registered within 6mts of the 'cause of action' starting to pay makes no odds on when that should be defaulted.

 

 

might be an idea to sar HSBC, as there might well be things to reclaim etc?

 

 

certificate of assignment wont exist if the debts have not been sold on .

 

 

Sorry I didn't make myself to clear there! The debts have been sold to Hoist Portfolio, via going through Metropolitan, Moorcroft and MKLLP. During the whole time I have been making monthly contributions towards the balance.

 

 

I did mention the cause of action should be from when I missed my first payment and she said they do it from when 6 months payments have been missed. I thought maybe I had misinterpreted what I'd read on here

[dx100uk]

that's better

so they've sold them on years ago.

shame you blindly kept up payments without questioning the legally of the debts and their balance make up.

 

 

its telling that HSBC do do court themselves...

so if they were that confident you did owe the sums...

why sell the debts on ...urm..beginning to smell.

 

 

sar is a must to HSBC me thinks

[Guy1002]

Yup they sold them on in 2013 to MKLLP (I have this letter). Previously they had metropolitan (or HSBC collection) and Moorcroft acting as their agents? I'm guessing. How hoist Portfolio have got it I don't know.

 

 

I wish I had found this forum a long time ago!!

 

 

SAR is in the post this afternoon. We shall see what they come back with.