Please help

[Doorman]

Hi there,
Please can anyone help me and advise how to remove a default off my credit report from Activ Kapital.

Here is the info off experian:


Default Balance: £1,102
Current Balance: Satisfied
Defaulted On: 13/10/2008


The balance on the account is zero and has been for 2 years.


I do not recall receiving a default notice.
Any advice would be great and I would like to know if there are any letter templates to start enquiring to Activ Kapital about having this default removed.

Thank you in advance
Regards

[Caspar]

Re: Please help

Defaults are extremely difficult to get removed. what was the background to the default - had you had an unpaid debt for a long time that wrecked your credit file, then had the default applied near the end of the 6 years or what?

As far as I know there are no template lettes, but there are arguments you can use which may help, but as I said it is a very difficult issue and I wouldn't get your hopes up.

[Doorman]

Re: Please help

Thanks for replying,
I missed a few payments as I had to find funds to pay for my dads funeral.
An excuse I know, but it was the last thing on my mind at the time.
The default was applied to which I cannot recall being notified of it.
I also paid the balance off in fullwhich amounted to around £1000
thanks again

[Caspar]

Re: Please help

Sorry for all the questions, but how long after missing the payments did they apply the default?

[Doorman]

Re: Please help

no problem with the questions, glad you are helping.

It was about 2-3 months I think, but it was a long time ago

[WendyB]

Re: Please help

If the default is correct and they had grounds for applying it, then it will stay on your credit file for 6 years, although it will show as satisfied.

[Garlok]

Re: Please help

Agreed Wendy,

There are very long threads all over the place about defaults and CRAs. It is a very difficult subject to deal with. Technically diddydicky is probably one of the best to follow on this.

regards
Garlok

[diddydicky]

Re: Please help

hi,

i would say that your best course of action is to write a nice letter to the creditor and explain the circumstances that led to your missed payments and the fact that you did not receive a DN but did settle the account as soon as possible and ask them if they would remove the entry,

failing which you could write to the CRA and have a short note applied to the entry with an explanantion

if you do so- keep it VERY short and sweet

for instance

"due to bereavement=payments missed- then settled in full!"

[Doorman]

Re: Please help

Thank you,

I shall put your advice to work and I will post back with any results

Do you happen to have a template for a letter that I could send to the creditor?

Thanks again

[diddydicky]

Re: Please help

no. templates not a good idea

just be honest and to the point

[The Debt Star]

Re: Please help

I've tried a fair few of these appeals to the good sense of past creditors, all to no avail. Most recent was BMW Finance, with whom I settled a debt in Jan 2008. 9 late payment markers (!) for term of the loan but paid in full at the end of the day and found the late payment markers (some of which go back to 2004) have been locked in time on my cred files for 6 years from the date of settlement. So, by doing the right thing (paying them and meeting my obligations) I will have late payment markers kept on my cred files for 10 years.

I wrote a nice, bespoke letter to BMW Finance asking them politely to consider removing the account as I had (1) settled it in full (2) settled it over 3 years ago and it couldn't possibly affect them now.

response was a refusal, point blank to shift it. Got a call from a smarmy customer relations manager saying they were "obligated" to keep the data there for the full 6.

[diddydicky]

Re: Please help

sometimes it works but at the end of the day- if you don't want the heat....stay out of the kitchen!

[CleverClogs]

Re: Please help

I wrote a nice, bespoke letter to BMW Finance asking them politely to consider removing the account as I had (1) settled it in full (2) settled it over 3 years ago and it couldn't possibly affect them now.

response was a refusal, point blank to shift it. Got a call from a smarmy customer relations manager saying they were "obligated" to keep the data there for the full 6.

Why did he believe that?

Still, did you really expect any better from Bayerischer Mist Wagen?