How to Get a Default Removed from Your Credit File?
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- čas přidán 24. 08. 2024
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The information provided in this video is for editorial purposes only and not intended as financial advice. Free debt counselling, debt adjusting and providing of credit information services are available from MoneyHelper, an independent service set up to help people manage their money. You can find out more by contacting MoneyHelper. MoneyNerd is not associated with MoneyHelper, we just think they're great.
MoneyNerd does not give specific debt advice and we recommend that you always discuss your personal situation with a qualified adviser that works for a company that is authorised and regulated by the Financial Conduct Authority. With your consent MoneyNerd may pass you on to a trusted debt counselling company or insolvency practitioner. MoneyNerd Limited is an Introducer Appointed Representative of Pacific Financial Solutions Ltd who is authorised and regulated by the Financial Conduct Authority (Firm Reference Number 688034) and is classed as a debt counselling firm. Their in house IPs are Jason Bowen who is authorised to Act in the UK by the Institute of Chartered Accountants of Scotland (ICAS). Licence no. 22150 and Laura Stewart who is authorised to Act as in the UK by the Insolvency Practitioners Association (IPA). Licence no. 23590.
If you need legal advice about your debt, here's the link to the trial for the online solicitor: justanswer.9pctbx.net/c/2873512/1147978/9320?sharedid=youtube-debt
Thank you Scott very helpful information to know
Thanks for the feedback Margaret :)
Thank you for this!
Beautiful video very informative thank you.
Great video. I have a question about scenario 6 - I couldn't afford the loan when I took it out, I wasn't earning regular income and couldn't afford it without going into hardship. How can I go about claiming this officially and trying to get the default removed?
Thank you for your information highly appreciate mate
My pleasure!
Great video man. You just earnt yourself a subscriber. Can you tell me more about option 6? Not affording the loan? Because I was in this situation
Hi Michael, thanks for the subscribe. If you google 'unaffordable lending refund' it will give some guidance on how to go about getting a refund if you think they shouldn't have lent to you due to your affordability.
What about if the balance is incorrect on my report from the debt collector does that make it possible to remove it.
Hi! My partner and me as well have bad credit score. She have 4 adverse account on her credit file. Some look like duplicated 1 with 0.00 and the other with the correct amount. Am April this year I was able to clear all her debt(she had more less then me). Still her credit score go down with a few point not start go up. This is normal? Also Experian and Transunion say Confirmed On The Electoral Roll. Equifax say not. But all the info have huge different with the credit agency. Any advice pls? And sorry, but English not my first language. Thanks
Great vid ☺️. I have a default from eon for a defaulted paying on 31.01.2019. The reason for this was that the direct debit increased from £101 per month to £600! This was due to a former debt on the account left by my ex partner. I had not option but to cancel the direct debit as I simply could afford the direct debit so I didn’t pay for dec 2018 and jan feb 2019. The default was added jan 2019. I contacted them as soon as I Could to make arrangements to pay the DD and to clear the debt on the account. I had never missed a payment before or after and I have stuck to the agreement and the debt is now cleared. Is there anything I can do to have this removed?
☝️☝️contact the above account he can help you get tha off that debt he did mine so just relax message the above account for getting this done
I tried to request the credit agreement they couldn’t find it I told to take it off my CF but they told me they don’t have too.
Hi, thanks for this video this is very insightful. Please I have a question, is it possible for a bank to leave a credit report when they made an error of crediting your account twice and then debating it twice to correct the error they made which then made you overdrawn. Basically can they leave a credit report on your file without taking out any credit card or overdraft.
Should We do this before We pay off the debt or should we pay the debt and then do the process of getting a default removed?
We are looking to try wrong address and unaffordablity ?
Should a person wait till they have the money to pay the debt off?
☝️☝️contact the above account he can help you get tha off that debt he did mine so just relax message the above account for getting this done
Hey great video but law is about identifiable application that means what part of legislation does this requirement come from that says the default cannot be issued before the term of 3 months?
Thanks
I had this payday loan from lending stream when i was struggling in 2014. Debt company is chasing for this default loan but i am trying to contact company to write off these loans as i was not in good. Written to them never heard back. What should i do?
☝️☝️contact the above account he can help you get tha off that debt he did mine so just relax message the above account for getting this done
3 months of arrears or 3 months in a default? Kind regards
Nice video
Thank you for this video. Could I have some advice please? Barclays have just added a default to my credit file regarding my loan (after cancelling my direct debit which stopped June and July’s payments, but I wasn’t notified they cancelled the DD) but I didn’t receive a default notice letter (they said they sent it but I never received it. If I had, I’d have contacted them straight away).
I missed one payment in 2019 and two in the last year (both Covid related) but all payments since February this year have been made on time. Is it 3-6 months continuously or do they add it up over the time of the loan?
Could I fight it on that basis or the basis that I never received the letter? They text me constantly about other things so I’d have thought they could have texted me saying the DD had been cancelled and to contact them ASAP. Is that unreasonable?
Thanks!
Hi, how do I know if there is any debt in my name? Thank you in advance.
Thank you for your help can I ask you about scenario three a company started putting late payment on my report since 2013 1,2,3,4,5,6 the first 6th report was made on January 2014 and their keep added 6+ records until July 2017 as a D
Default Mark is their anything I can do ?
I got defaults that have been on my credit flie for years this year go back to 2018 for the first one I was homeless at the time my contact phone got rob and everything I had at the time only had my clothes with me and that it how can I get them to remove the default so I can bulid my credit score I live in my own flat for 6 years now and thiugh my credit score would be wipes and start again but no my credit score at 137 I in s better situation that I was now what can I do
My grandson has 4 ccjs from parking. How can he get a mortgage
Wait until they are removed I still got 2 years before mine drop off total nightmare I know
Hi mate great video. I’m in a very simple but frustrating situation with E-on. They issued my final bill on the 28feb which I had no idea about unless I was to log in to the app. I then received an email on the 16th march stating that I had still not paid and they had sent me a reminder (which they did not) and needs to be paid or it could be referred to the credit agency. I paid within 10 minutes of the email and still got a red on my report. I don’t believe it’s fair as they said they give 14 days from the final bill to be paid and that’s final. I paid on the 16th day not knowing it even existed until then. I was also going through a hard time at home with my wife and pregnancy. Do I have any chance of getting this reversed or am I wasting my time. Thank you
Thanks for great video. I complained about my credit card( which was in default )to financial ombudsmen. But ombudsmen told me that Credit card company was right to offer big amount despite my financial unsoundness because they had notified me. Is it worth to pursue court ?
It's hard to say. Do your own research about "unaffordable lending" to see if you might have a case.
I have a problem with klarna and missed payments. Once I was made aware I paid full any outstanding balance and everything remaining. Hoping thry could then clear the file. However they state as per credit agreement they are unable to do this . Is there a way I can go forward with this?
Did you ever get this sorted?
Hi if I miss a payment for one day and I pay it back the next day will that come up as default ?
Does it have to be three consecutive payments?
@@MoneyNerd thanks for the help. I have been researching into a default on my file over the past two days and your video has really given me an insight on them. Not sure I can get it removed but helpful nonetheless!
@@ajp3349 Thanks for your support
My ex is now getting an IVA and I’m getting a default, I’ve done so well to pay my own debt and didn’t go into any IVA so I didn’t get her score ruined. It’s with a NatWest joint account, but I said I will pay and not to involve. Can I get a default removed as I’m so stressed?
Hi mate, I had a 2k debt with a bank, this ended up being an agreed Tomlin Order, I’m paying on time every month.
The debt is 4 years old and I’ve been paying my Tomlin Order for 7 months, should the full debt still show on my credit file? It is currently
Hi there , I have just done credit report and found CCJ from 2018 which I did pay as the first day Balif came to house and it was paid , I do not have the paperwork for this but managed to get case number , can I still apply to have it removed? Thanks
Usually when you have debt they are pass to debt collectors agency’s.
We’re you can make payment agreement .
It is strange you had CCJ.
And CCJ Usually they disappeared after 6-7years.
With defaults can you talk with recovery agency to get them removed after you paid them off.
And even if they don’t removed them completely at very least it should say “settled “
Just wanted to ask who's the ICO?
Hey Etiosa, good question. The Information Commissioner's Office (ICO) is the independent regulatory office in charge of upholding information rights in the interest of the public.
Hi, I have a question about a scenario that is not in the video. Student Current Account that has been in overdraft and dfaulted whilst the account holder is still a student. The default was applied whilst the account holder was still studying, has proof of working part time and has the means to clear the outstanding balance before or on the date of their graduation. What options could be available in this scenario?
You don’t actually owe anything. You create the security instrument when you apply for the loan, you practically fund your own loan in repayments. Buy the book “ the title is unimportant” by p Michael Yates, it will teach you how to get out of debt without paying a penny, already worked for an overdraft debt for me.
Quick question
What is the best way to get rid of a ccj from 2019 sent to the wrong address?
Is the debt paid? Send an email with proof that you no longer lived at that property(Final tax bill dated before the date of CCJ is usually good proof). ask the company to set it aside. If they refuse, download application form N244 and apply to the relevant court to have the CCJ set aside. It costs £275(as of today). When the court gives you a date, show up, most big companies don't bother, it is likely the court will rule in your favour. It is better to try and convince your lender to remove it so you save yourself money.
@talentmujaji9333 this is great advice. Do you know if it has worked for anyone?
Is this the same as the US?
Sorry, I'm not sure about the US
Hi Scott, I was in a bit of a tough spot last month and accidentally went over my credit card limit, unfortunately over 24 hours as i didn't notice. I received an overlimit fee which has been charged as Notice of Default Sums. Is this something that will appear on my credit report? I can't find a clear definition between Notice of Default sums and a Default. Thanks in Kind.
@@MoneyNerd Thanks for your response @MoneyNerd much appreciated Scott.
@@commentator2362 Your welcome!
Hello sir please help me🙏🙏🙏.
When I was opening a bank account. Then I edited the pervisnal license and used someone else for myself. That would be a bigger mistake than me. So my back account is not opening. My account is being canceled. When the checking team checks. uk credit agency
Hey C-F-Y- Bro, I'm sorry but I'm not 100% sure I follow. Feel free to email me on hello@moneynerd.co.uk to explain further.
Can I contact you , thankyou
sure! Contact details are on my website. Link in the description.