Can Defaults Be legally Removed ?

The simple answer to this is that in many cases yes they can.

Firstly let’s have a look at what causes a default to be registered on your credit file and its implications.
Firstly the company who you borrowed money from, either for a credit card, loan or some other kind of personal credit, would have to notify the credit reference agencies, after you have breached the terms and conditions of your credit agreement. Most credit agreements tend to refer to default when you have missed one payment, however in practice it tends to be after you are 3 payments or more behind that your lender will register a default. So in simple terms what causes a default is you not keeping up with the payments on your credit agreement.

The second part of the answer is the implications of a default on your credit record. A default will cause a dramatic fall in your credit score and this will in turn make it much harder for you to successfully apply for credit such as, loans, credit cards, car finance and mortgages.
Things are not completely cut and dried for your lender; your lender still has to observe certain rules and a strict protocol in order to register a default.
They must write certain letters to you informing you that they will enter default against you if you fail to bring your payments up to date and informing you of your rights. They must have made correct provision within their terms and conditions to register the default and they must have written to tell you that they would register the default.

The credit wizard knows your rights and also knows that many lenders neglect to inform you of them and also neglect to follow the required procedures.
If you would like to have defaults removed from your credit file, then call the credit wizard now or complete our become debt free fast form and we will give you a free initial consultation to see if we can help.