No, it doesn`t look right. From what you said, you were never 3 months late. I suggest that you file a complaint and ask that the standard be removed. You can do this to the Financial Ombudsman if they say no. You can require that an imprecise standard data set be updated or deleted by raising a credit report dispute. Thus, if a creditor added a default later, it should be changed to be earlier. This means it will drop sooner, and your credit balance will be clean sooner. A credit risk swap (CDS) is a transaction in which one party, the “buyer of the protection,” the other party, the “protection seller,” makes a number of payments over the term of the contract. In essence, the purchaser takes out insurance on the possibility for a debtor to experience a default event that would jeopardize his ability to meet his payment obligations.
As a result, it may be more difficult for you to borrow products such as a new credit or credit card or to open certain bank accounts. You may also find it difficult to get a new mortgage. If you miss payments or don`t pay the right amount, your creditor can send you a notice of delay, also known as a notice of delay. If the standard is applied, it is stored in your credit file and can affect your creditworthiness. The EE standard is from 2018, it presents itself as a delay of 5 months if it makes a difference. The joint account turns out to be closed, thank you. In most cases, the insolvency of a student loan has the same consequences as not paying a credit card. From a point of view, however, it can be much worse. The federal government guarantees most student credits, and collection companies dream of having the powers that the feds use. It probably won`t be as bad as the marshal with the gun on your doorstep, but it could be very unpleasant.
I may have misjudged that the IVA company asked the bank to stop the levy, but they contacted the bank to inform them of the IVA, and so the loan was handed over to the collection team (without my knowledge). Sorry for any confusion caused. There`s a lot around my head. Thanks for your help It is sometimes asked when people`s finances have improved and they are trying to fix the old problems on their credit history as quickly as possible. Or, sometimes, default feels unfair when a country is late in payment with its government bonds or bonds, the consequences can be serious and lead to a collapse of the country`s financial markets.