Default or missed payments

Get expert opinion. This is the place for new questions to be posted.
7 posts Page 1 of 1

Lady Maria

Posts: 3
Joined: Thu Jan 21, 2021 9:28 pm

Post by Lady Maria » Thu Jan 21, 2021 10:41 pm
I have been in a IVA since aug 19, capital one went into default ( as expected) but amigo loans has had it as missed payments every month since which i have only just noticed.
I would assume its what is causing my credit score recovery to be so slow.
Any advice as I do hate talking to amigo, should I just speak to my IP?

kallis3

User avatar
Forum Expert
Posts: 76908
Joined: Mon Mar 17, 2008 4:02 pm
Location: United Kingdom

Post by kallis3 » Fri Jan 22, 2021 8:49 am
Your credit score is shot for six years from the start of the IVA regardless, but I would ask your IP to speak to Amigo and ask them to remove these 'missed' payments.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley.
http://kallis3.blogs.iva.co.uk

Foggy

User avatar
Forum Expert
Posts: 33029
Joined: Fri Dec 17, 2010 11:14 am
Location: United Kingdom

Post by Foggy » Fri Jan 22, 2021 9:26 am
Have a read here: https://www.iva.co.uk/what-does-an-iva- ... dit-record and use the template and guide to ask Amigo to formally default the account. Knowing Amigo, you might have a fight on your hands but you have a few years to do it in. This, in itself will not be hampering your credit recovery yet. As Kallis says, your score is shot anyway for now.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
http://foggy.blogs.iva.co.uk

Lady Maria

Posts: 3
Joined: Thu Jan 21, 2021 9:28 pm

Post by Lady Maria » Fri Jan 22, 2021 2:06 pm
I contacted amigo and they said they default internally and won't change it for credit reports.

Uhhhh only one that won't. :evil:

Lady Maria

Posts: 3
Joined: Thu Jan 21, 2021 9:28 pm

Post by Lady Maria » Fri Jan 22, 2021 2:09 pm
They said missed payments look better the defaults...not sure if that's true though.

kallis3

User avatar
Forum Expert
Posts: 76908
Joined: Mon Mar 17, 2008 4:02 pm
Location: United Kingdom

Post by kallis3 » Fri Jan 22, 2021 3:20 pm
I'm not sure either. Once your IVA has completed you need to get them removed back to the start of the IVA.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley.
http://kallis3.blogs.iva.co.uk

Foggy

User avatar
Forum Expert
Posts: 33029
Joined: Fri Dec 17, 2010 11:14 am
Location: United Kingdom

Post by Foggy » Fri Jan 22, 2021 3:30 pm
If they do not default those missed payments will stain your credit record for 6 years after the end of your IVA, rather than 6 years from the start of it.

Use the template and the information either side of it in the article I posted the link to --- tell them that you will refer the matter to the ICO if they do not comply.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
http://foggy.blogs.iva.co.uk
7 posts Page 1 of 1
Return to “Ask IVA Forum and Industry experts”