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Default 5.5 years after no payment

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  • #1

    Default 5.5 years after no payment

    Hi. As title says really, I have had a default notice come through yesterday (only by chance I checked the email account it went to today. It's not one I check anymore really). It's from CFO and the original agreement was on 26/6/11 so they obviously know the 6 year limit is approaching. I really don't want this on my file, so if I offer to make payment (it would have to be in instalments) before the specified deadline of 13/02 would that stop the default notice being added to my credit file? Or is it only if they receive full payment before the deadline it wouldn't go on?
    thanks
    Amy
    Tags: None
  • #2
    Re: Default 5.5 years after no payment

    contact the ICO and make a formal complaint as against all recommendations regarding defaults

    - - - Updated - - -

    more info would help here also.

    Comment

    • #3
      Re: Default 5.5 years after no payment

      Was a payday loan. Original agreement was to pay back I think it was 497 on 26/6/11. I had an email couple years later to say 'sorry we've been naughty' (not quite words that way lol) we've reduced your account to £292. Default says that as I didn't pay the 497 when due I need to pay 292 by 13/02/17 to stop default notice.

      - - - Updated - - -

      I could make a complaint but need to know whether a payment plan would stop the default notice going on file or whether it would have to be full payment.

      Comment

      • #4
        Re: Default 5.5 years after no payment

        Anyone else? Thanks

        Comment

        • #5
          Re: Default 5.5 years after no payment

          Hi Amy

          CFO are in serious trouble with the FCA.
          https://www.fca.org.uk/news/press-re...illion-redress
          CAVEAT LECTOR

          This is only my opinion - "Opinions are made to be changed --or how is truth to be got at?" (Byron)

          You and I do not see things as they are. We see things as we are.
          Cohen, Herb

          There is danger when a man throws his tongue into high gear before he
          gets his brain a-going.
          Phelps, C. C.

          "They couldn't hit an elephant at this distance!"
          The last words of John Sedgwick

          Comment

          • #6
            Re: Default 5.5 years after no payment

            Hi thanks for this. I Ann aware they were in trouble, and I have received some sort of redress as they took about 200 off the balance.
            What im needing to know is whether agreeing a payment plan before the date on the default notice will stop the default being registered. I know if payment is made in full it will stop the default being registered but I can't afford to do it in full at the moment.

            Comment

            • #7
              Re: Default 5.5 years after no payment

              For clarity, is the recent default notice a s87 CCA 1974 Notice?
              CAVEAT LECTOR

              This is only my opinion - "Opinions are made to be changed --or how is truth to be got at?" (Byron)

              You and I do not see things as they are. We see things as we are.
              Cohen, Herb

              There is danger when a man throws his tongue into high gear before he
              gets his brain a-going.
              Phelps, C. C.

              "They couldn't hit an elephant at this distance!"
              The last words of John Sedgwick

              Comment

              • #8
                Re: Default 5.5 years after no payment

                Originally posted by charitynjw View Post
                For clarity, is the recent default notice a s87 CCA 1974 Notice?
                It is, yes
                • 1 thank

                Comment

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