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Can I get a default backdated?

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  • Can I get a default backdated?

    Hi everyone,

    I have read up on this but am getting confused. I am in an arrangement to pay with Idem for 15 per month - it will take circa 60 plus years to clear the 10,000 on this debt. I had to give up full time employment due to my child being seriously ill.

    My father has offered me money to settle my debt. It wont be the whole amount though. My query is as follows:

    Credit card went into arrears in 2008/9 when I had to stop working. I did a request for information - sent off the ten pounds and got a copy of my file such as it was. Shortly afterwards the account was sold to /managed by Idem.

    My debt is over 7k in arrears on a 10k balance but a default has never been registered. From reading information on various sites, I think MBNA should have defaulted my account prior to it being transferred to IDEM.

    Nobody has registered a default and my account on the credit agencies shows AP for the last 15 months with up to six months of arrears showing at various points before that. MBNA doesnt show, only IDEM which makes sense.

    I believe if a default had been registered it would now be about to fall off my credit file. But as it wasnt, if IDEM accept a lower amount to settle that will stay on my credit file for six years. Is that correct?

    Is there anything I can do? I complained to the credit agencies and they raised a query with Idem but the response was Idem wanted to discuss this by phone. I tend to avoid phone calls where possible and do everything in writing. I have written to them and emailed them but they just keep sending me an affordability questionnaire. I filled up one last year and nothing has changed.

    I could do with some advice please, thank you
    Tags: None

  • #2
    Re: Can I get a default backdated?

    Originally posted by Michelle D View Post
    Hi everyone,

    I have read up on this but am getting confused. I am in an arrangement to pay with Idem for 15 per month - it will take circa 60 plus years to clear the 10,000 on this debt. I had to give up full time employment due to my child being seriously ill.

    My father has offered me money to settle my debt. It wont be the whole amount though. My query is as follows:

    Credit card went into arrears in 2008/9 when I had to stop working. I did a request for information - sent off the ten pounds and got a copy of my file such as it was. Shortly afterwards the account was sold to /managed by Idem.

    My debt is over 7k in arrears on a 10k balance but a default has never been registered. From reading information on various sites, I think MBNA should have defaulted my account prior to it being transferred to IDEM.

    Nobody has registered a default and my account on the credit agencies shows AP for the last 15 months with up to six months of arrears showing at various points before that. MBNA doesnt show, only IDEM which makes sense.

    I believe if a default had been registered it would now be about to fall off my credit file. But as it wasnt, if IDEM accept a lower amount to settle that will stay on my credit file for six years. Is that correct?

    Is there anything I can do? I complained to the credit agencies and they raised a query with Idem but the response was Idem wanted to discuss this by phone. I tend to avoid phone calls where possible and do everything in writing. I have written to them and emailed them but they just keep sending me an affordability questionnaire. I filled up one last year and nothing has changed.

    I could do with some advice please, thank you
    Hi, I'm no expert so hopefully someone else will be able to help in more detail but I think as long as you in that arrangement and making monthly payments, it will continue to stay on your credit file. Normally a default might take place, 3 - 6 months after payments have stopped but because you still making a payment, I'm not sure if this would be the case. I think the monthly payment plan you entered might be the reason there isnt a default date and why it is still on your file. The only thing I not sure about is when the debt is sold on to another company and whether it has do go into default before this can happen? Sorry couldnt be much more help... hopefully someone else will confirm this for you.

    Comment


    • #3
      Re: Can I get a default backdated?

      Thank you for the help Lionuk :-) I suspect its true what you said but its just so unfair. I have tried to repay the debt and the result is it stays on credit file forever :-(

      Comment

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