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Hi there I took out a firstplus secured loan in 2008 in my own name. I moved to England and continued to pay the mortgage and secured loan on the property and in 2014 my now husband had a serious accident and almost died from a Pulmonary embolism. We were self employed and a family business and he couldn’t work for a long period of time. In 2014/15 I had to stop paying both mortgage and secured loan both defaulted and I handed the keys back. We were even having food parcels at that time. The property was sold and I heard nothing more.
I didn’t apply for any credit as I knew I needed to repair my credit. Fast forward to 2023 I have worked hard - started with an aqua card in 2019/20 and now my Experian report is 999 my equifax is 885 so I went to see about getting a small mortgage around £80k and my daddy would help us with a deposit and I’ve been turned down by even the worst bad credit lenders because elderbridge took over the debt. I found this out when I got a copy of my checkmyfile report. The first time I’ve heard of elderbridge. Now I may have had a letter from them I can’t say because the name wasn’t familiar and I knew I didn’t have anything with them I may have binned it thinking it was a scam.
My query is it has now run 6 behind constantly delinquent for almost 8 years with them, I have never spoken with them, made an arrangement to pay them or made a payment since my house and secured loan were defaulted. It looks like they have started the limitation period from when they took over the loan in January 2016, left the loan open and delinquent instead of defaulted, because in 2021/22 they have added on a huge chunk of interest 6 years later at the last point interest could be applied. Would they not have to stick to the default and continue to persue court action within 6 years of default although they have 12 years to chase. I have never had a debt collector at my door and I am on the voters roll which reading the reviews and bully boy tactics they use I find strange if they were confident they could collect. I really just need it of my credit report as it has been a 6 behind for 8 years with them.
A default would have dropped of by now and I wouldn’t be in this position. My broker has said try and sort it as no lender will touch me while it shows mortgage arrears even though I have no asset ie property so it isnt secured any longer. I am now ill with kidney disease and waiting on getting an ace stoma for my bowel also and we are paying £965 a month rent which is killing us and a small mortgage would be less. I am 51 and my husband is 62 so it needs to be in my name only due to his age, can you please advise the best way to approach getting this removed - solicitor/transunion/financial ombudsman/your help please.
I don’t want to speak to them because I don’t want to start the 12 year period again (as Im not sure this will apply), and I need this sorted. Unfortunately I don’t have any paperwork because everything was shredded and binned when I handed my keys back of my house as i assumed that was that and i would wait and repair my credit over time. Failing not having the paperwork, it would have been common practice for a regulated secured loan 6 months in arrears to be defaulted - even before the 6 months. Many thanks for your time it’s greatly appreciated
I didn’t apply for any credit as I knew I needed to repair my credit. Fast forward to 2023 I have worked hard - started with an aqua card in 2019/20 and now my Experian report is 999 my equifax is 885 so I went to see about getting a small mortgage around £80k and my daddy would help us with a deposit and I’ve been turned down by even the worst bad credit lenders because elderbridge took over the debt. I found this out when I got a copy of my checkmyfile report. The first time I’ve heard of elderbridge. Now I may have had a letter from them I can’t say because the name wasn’t familiar and I knew I didn’t have anything with them I may have binned it thinking it was a scam.
My query is it has now run 6 behind constantly delinquent for almost 8 years with them, I have never spoken with them, made an arrangement to pay them or made a payment since my house and secured loan were defaulted. It looks like they have started the limitation period from when they took over the loan in January 2016, left the loan open and delinquent instead of defaulted, because in 2021/22 they have added on a huge chunk of interest 6 years later at the last point interest could be applied. Would they not have to stick to the default and continue to persue court action within 6 years of default although they have 12 years to chase. I have never had a debt collector at my door and I am on the voters roll which reading the reviews and bully boy tactics they use I find strange if they were confident they could collect. I really just need it of my credit report as it has been a 6 behind for 8 years with them.
A default would have dropped of by now and I wouldn’t be in this position. My broker has said try and sort it as no lender will touch me while it shows mortgage arrears even though I have no asset ie property so it isnt secured any longer. I am now ill with kidney disease and waiting on getting an ace stoma for my bowel also and we are paying £965 a month rent which is killing us and a small mortgage would be less. I am 51 and my husband is 62 so it needs to be in my name only due to his age, can you please advise the best way to approach getting this removed - solicitor/transunion/financial ombudsman/your help please.
I don’t want to speak to them because I don’t want to start the 12 year period again (as Im not sure this will apply), and I need this sorted. Unfortunately I don’t have any paperwork because everything was shredded and binned when I handed my keys back of my house as i assumed that was that and i would wait and repair my credit over time. Failing not having the paperwork, it would have been common practice for a regulated secured loan 6 months in arrears to be defaulted - even before the 6 months. Many thanks for your time it’s greatly appreciated
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