By: sunnybilson
30/05/2008
1:23 pm Yahoo! Profile:
sunnybilson Did this message offend you?
Sign in to report abuse |
Reply to this message |
| I'm with Sydneyhirecars, try complaining to the Banking Ombudsman. |
|
By: xxcarolynbondxx
8/03/2008
2:01 pm Yahoo! Profile:
xxcarolynbondxx Did this message offend you?
Sign in to report abuse |
Reply to this message |
If a default has been entered onto your credit report correctly, then it's difficult (impossible?) to have it removed, whether you pay the debt or not. However, the lender must have given you notice of your default prior to listing the default (although if you have moved without notifying the lender you may not have received the notice.).
I agree that a complaint to the banking ombudsman is worthwhile - even if the debt has been sold, the bank (and the ombudsman) is responsible to deal with problems that arose before it was sold - although another option is to complain to Veda (the new name of the credit reference association/baycorp). They do have some improved complaints handling processes in place - and they are also a member of the Banking and Financial SErvices Ombudsman if you are unhappy with their response. |
|
By: sydneyhirecars
29/12/2007
3:52 pm Yahoo! Profile:
sydneyhirecars Did this message offend you?
Sign in to report abuse |
Reply to this message |
Best Idea is contact banking ombudsman
bank hates to go to ombudsman for the fight cos they have to pay $1500 somthing dollars to reply the ombudsman
tit for tat |
|
By: davidlanka
23/11/2007
8:00 pm Yahoo! Profile:
davidlanka Did this message offend you?
Sign in to report abuse |
Reply to this message |
Dont we all hate debt collectors some of them should be be put in the least trustworthy next used car salesmen.
Also debt collectors are paid a commission on collection or worse they have allready purchased the debt at a sinigicant less value say 20cents or 30 cent in the dollar and trying to collect 100% + plus interest on the debt.
However, just like a used car salesmen debt collectors also have a boss they have a code of conduct to uphold read further here;
http://www.accc.gov.au/content/index.phtml?itemId= 5959
Different state have various regulators. Transpacific appears to be in WA at first search so an arbitrator from WA maybe required but seek legal aid or legal advice if you are going to sue them. However, the costs of litigation will sometimes outweigh the benefits of trying to negotiate a settlement with the proviso that full payment is made on the basis that the debt collector will agree writing to update your credit file on full payment of the debt.
Also ask them to provide you an itemised account and ensure that you agreed to some of their fees and charges. That they are indeed chasing you up for the right amount of debt in the first place and do you dispute any of the fees and charges applied against your account.
Also once the debts are fully paid off and you have a letter confirming the your release from the debt please be upfront to any mortgage broker better than any surprises and explain your circumstances, some mortgage brokers have good relations with banks and lending institutions and they also want their business.
If all else fails then if you are being harass or hassle you to an unreasonable extent then lodge a complaint with the relevant authorative body regulating the debt collections; fair trading, accc or visit www.naclc.org.au which has a listing of over 160 community legal centres across Australia. |
|
By: wolframtrader
14/07/2007
1:23 pm Yahoo! Profile:
wolframtrader Did this message offend you?
Sign in to report abuse |
Reply to this message |
I am pretty sure that when you can "cancel" a credit card, the onus is always on you to stop, cancel or redirect any authorities on the card.
In spite of what I have stated above, I had an Amex Gold card years ago through my professional society, and even though I had cancelled the "account" and any and all connections to it, it remained open for 3-4 yrs. I could have (or someone pretending to be me) called, done enough to prove my identity and had a card sent out to them...
Ironically, what triggered me was a statement I received 3 yrs after the event with a stack of "rewards" points not used (which I had thought would have gone down the gurgler with the cancellation of the card)... thanks Amex Rewards, a nice trip to Melbourne was had... and thankfully no harm done... |
|
By: ken_no_san
14/07/2007
1:16 pm Yahoo! Profile:
ken_no_san Did this message offend you?
Sign in to report abuse |
Reply to this message |
As previously said, $650 is not that much to worry about so pay it in full and accept a settle on your credit file. That does not mean you can't get a home loan, just don't try to hide it or BS the lender. If it is settled and they know why then they will have no problem giving you you mortgage.
HOWEVER get a copy of your credit file and make sure that the debit collector (read indiscriminate @#$%^%$&*) actually settles. In many cases they don't because they are too lazy and don't care once they have your cash.
Give a copy of the credit file to the lender up front and you will have no probs.
KNS |
|
By: smart.moves2000
14/07/2007
12:27 pm Yahoo! Profile:
smart.moves2000 Did this message offend you?
Sign in to report abuse |
Reply to this message |
My recommendation is first you must familiar yourself with creditor and debtor laws and requlation. Understand this you may have regulation in your area that are not the same across Australia, local laws and regulation can vary. Consider first, finding out the responsibilities of the creditor when credit has been formally cancelled. Second, find out your responsibilities if your credit cards continue to be used.
Now, In most instances you can file case asking for a judgement and a review before an arbitrator, understand this you will have to agree to except the arbitrators judgement. While in most instances you must not only pay for the debt but the interest as well. Although, the benefit will be that you may also plead equal responsibility and have the judgement remove all marks against your credit. You will also have to plead your past good faith credit history.
You may wish to consult an attorney but I really do not feel the amount warrants the fees. Do some research and do it soon, as in most cases the statue of limitations can expire.
GL and regards |
|
By: the_webbers1102
4/07/2007
5:06 pm Yahoo! Profile:
the_webbers1102 Did this message offend you?
Sign in to report abuse |
Reply to this message |
| lawyer!!! |
|
By: barflairer
3/07/2007
2:36 pm Yahoo! Profile:
barflairer Did this message offend you?
Sign in to report abuse |
Reply to this message |
Hi all,
Long story short, I had a St George credit card that I cancelled. As it turned out, the operator didn’t cancel my card and a few direct debits continued to be charge to my card that I was unaware off. I didn’t make any payments and was blacklisted for not paying. I had $400 worth of direct debits and $250 worth of late payments and interest before they defaulted my account. I have offered to pay the direct debits as it was rightfully owed to them but I should not incur the late payment fees, interest and a default on my account due to them not cancelling my card.
St George has since sold the debt to Transpacific Debt Recovery and has washed their hands of any responsibility. Despite trying to pay Transpacific the rightfully amount owed to them, they have been blackmailing me to pay the full amount or they will leave the default on my account. On top of this, even if I pay the full amount, they will only update the default to settle which doesn’t help me as a settled credit default will not allow me to apply for a home loan.
Even if I do what Transpacific wants despite this not being my fault, I still won’t be able to apply for a home loan. They have the power to remove incorrectly placed defaults but continue to blackmail me saying I won’t be able to apply for a house. Can I sue them for what they have done? I’ve spent numerous hours and a lot of stress trying to sort this out.
Does anyone have any advice??? Please I’m desperate for help. I don’t want to be renting for the next 7 years. |
|
