Response to Removing adverse credit as a condition of settlement

Yes, my friend now has his credit files and there is no mention of any CCJ, Money Order, repossession, “gone away” etc. The only thing there is, is a search by Abbey National, described as an “unrecorded search” which I presume is a debtor tracing search of some kind. The date of this search precedes the first letter from Evershed, by one day. Of course all “bad credit” stuff could be registered at the old address. The fear is that the Abbey National could at any time make the connection on his credit file.

With regards to the Abbey substantiating their dept, since learning g of the info contained on this site, my friend asked them to send him “two independent valuations” and details of the MIG, he believes he was mis-sold the MIG as he was led to believe that in the event of a repossession he would be covered. The Abbey, via Eversheds has refused to send MIG info citing a couple of cases where building societies have shown that borrowers are not covered by MIG. Eversheds also state that they have successfully defended against having to provide MIG policy details to borrowers. Is this true? They do not name the cases. Their reluctance to give details suggests my friend may have a case.

Do you know of anyone who has successfully demonstrated mis-selling of a MIG policy?

Also they would only provide one valuation (with the details of the company who did the valuation blacked out).

In answer to your question, why the rush? My fiend managed to reach a verbal settlement of 2500 (before knowing of this site). This seems to be as little as other people who have read this site have settled for. Yes he could go through substantiation process, but if at the end of the day he still has to pay something then 2.5K seems about right. He would consider it a result if he could be sure that no negative info about him was posted to his credit file.

And hence the original “How can he make his settlement conditional on them keeping this information off of the file?”

Do you know of any Lawyer experienced in these issues who can help draw up such a settlement agreement?

thanks for your time on this.

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