Hoist and ex idem mbna card debt - who are they are why have they defaulted me?

[FrencDAC]

Hoping someone can help with Hoist reporting on my credit file.

 

I started getting the odd letter from Hoist Finance which I *think* may have taken over an old MBNA credit card. 

 

I got into real difficulties back in 2009, lost job, had wife and kids to support and literally had to live on credit eventually setting up a payment plan with Stepchange - life then got better.

 

But, a default is haunting my credit report so we can't get a normal mortgage - I had to change to interest only to reduce monthly outgoings, but now can't get a normal mortgage because of this default.

 

I stopped paying Hoist about a year ago and get a letter from them from time to time asking me to call them and pay. I owe £900. 

 

Firstly, how do I go about finding out where the debt has come from without admitting liability (I think it's MBNA) and secondly, any advice on getting a default removed?

 

It's dated as December 2018 but this balance is much older than that when it would have been defaulted. This means another 2 years with a bad credit report.

 

It's £900 and I'd pay it if I thought they'd remove the black mark. 

Any advice gratefully received. Cheers, F.

Edited February 24, 2022 by dx100uk
Solid block of text spaced out

[FrencDAC]

Having logged into the account, it's an ex-Idem ex-MBDA credit card debt.

 

Thanks.

[dx100uk]

Mbna would have defaulted you upon or before sale to idem.

a debt buyer simply has their name replace the previous owner..

 

there is no way to remove a default and as long as the new owner does not change the defaulted date from that registered by the original creditor, they have done nothing wrong.

 

send mbna an sar, that will get you everything.. find out the true date of the default notice .

 

A single default should not hurt even a prime lender mortgage.

 

Dx

[FrencDAC]

Thanks dx100uk.

 

But Hoist must have changed the date - the date on my credit report is showing as Dec 2018. I defaulted a long time before then as I couldn't keep up the repayments agreed.

My credit report is showing as being poor - everything else is OK though - but according to a mortgage advisor I spoke to, apparently a lender is not likely to give a normal mortgage with a default in place.

I'll SAR to MBNA then and see what they come up with. Do I need to contact Hoist? 

[dx100uk]

No get the truth first 

 

Get a proper mortgage advisor too or go directly to a prime lender yourself. You don't need him 

 

If MBNA took months to register a default notice then you might have cause to get it moved. But you need the true data.

 

Typically a dn should be issued 3-6mts into a reduced payment arrangement but those ico guidelines were changed in 2014 .

 

If hoist or idem have changed the original date of the default registered by MBNA, they are in hot water 

 

 

[FrencDAC]

I'll get the SAR going first and take it from there.

 

Thanks