I will look at different cases to see what can be done for each of them, if that is the case. On April 28, 2017, my father-in-law got sick, I temporarily moved from my home in Wales to Dorset to take care of him. I used my Lloyds debit card for a Pay@Pump, which led the current account to switch to an unauthorized overdraft of $33.10. I returned to Wales on November 25, 2017 to find several Lloyds statements showing that the overdraft ($33.10) had degenerated into a debt of $221.01. A standard message and account closing letters were there to greet me. I wrote to Lloyd`s collection unit to explain and complain. The debt was then transferred to his collection company Hoist Finance. Fast Forward until 2020 and Covid-19; I run my own small business, which was negatively affected by the initial blockage in April/May 2020, I asked for an overdraft, then a CBIL, both refused. After explaining this situation to my bank manager, they agreed to move the CBILS forward and advised to pay this account and then remove the default. So I paid in full and sent another letter to Hoist Finance/Robinson Way, in which I asked them to confirm that it was NOT in his power to remove this failure from my credit list. The reason I would like you to clarify this point is that I am in the process of filing a detailed complaint with the financial ombudsman and whether it should be dealt with exclusively with Lloyds or Hoist Finance/Robinson Way. Any comments on my situation would be grateful. Does that sound right? I mean, a “hereditary” supply account which I changed immediately, and they never made a definitive invoice from which I was driven out, and as soon as I was engaged to the company, just to say no.
If you only had a temporary problem, maybe you lost your job, or couldn`t work if you were uncomfortable, but after a year you were sorted and new payments, it may seem very difficult for this black mark to stay on your credit file for as long. See “What should be the default date for a debt?”, which describes how you correct your registration. For many people, it`s as good as the default deletion and it can be much easier. It`s a zero yes. You`re right, it`s a delay instead of the norm, but still displayed as a negative credit on my registration. Thank you very much. The default date is therefore important information that you need to know. Don`t guess! Check your ratings with the three rating agencies so you know exactly what they`re saying.
Payment for deletion begins with a call or letter to the collection company in which you offer a deal: you pay the account and the collector deletes the account from your credit reports. “This default destroys my credit score – how can I get rid of it?” Do you have an old credit report that shows the debt with a default date? In fact, I had talked to Shell again and, miraculously, they agreed to remove the standard from my credit files, and this should be done in the next 2-5 days. The rules say that a default should normally be if you are 3-6 months behind what your normal payments would have been.