Bankruptcy Credit Reference File Clean Up - Discussion

fermi

Get the paper reports by post for £2 each.

They accept a postal order.

hughie278

Ok, thats the trouble with me. i live in the world where you sit on your bum to do everything,lol.

bluelilly1

Hello. First of all I would like to say this forum has been an absolute god send!

Anyway, i was bankrupt in 2005 and was discharged in 2008, I have just registered to check my credit and most of it is looking ok, a lot of the accounts are showing as settled with a big green satisfactory mark next to them :T. Then there are the ones that still show as money owing which i am busy correcting now, but the ones that are confusing me are the accounts that are showing as settled but still have a big red Default next to them. Should this show Satifactory like the others? Or will it stay as default and will this continue to have an adverse effect on getting credit? (I am havinga credit file clean up as I am hoping to secure a mortgage in teh near future).

Thanks..

fermi

If the account has been defaulted, then it will continue to be recorded as such until it drops off your files.

But despite that, it should also state that is is settled with no outstanding balance.

WildWayz

Hi guys,

I went bankrupt on November 18th 2003, discharged April 1st 2005 then passed the 6 year mark on November 18th 2009...

Having checked my credit report, I noticed these descrepencies:
Equifax & Experian
Lloyds TSB Loan £29,000 - Default date 23/01/2004
Lloyds TSB Loan £605.00 - Default date 23/01/2004
Which is incrorrect - but isnt the end of the world as all the other defaults have gone off the credit reports now.

CallCredit
Lloyds TSB Loan £29,000 - Default date 23/01/2004
Lloyds TSB Loan £605.00 - Default date 23/01/2004
Egg Credit Card £3,000.00 - Default date 12/01/2004 (Deceased!!)

The thing is, it's showing as a D (default) for every month since my bankruptcy! So the data is inaccurate!

I wrote to Lloyds and Egg about this using the Data Controllers addresses off the Information Commissioners website - sent them both recorded. Egg's letter was signed for, but Lloyds is 'still in the delivery network' - which either RM arent getting them to sign for letters or it is lost....

How long should I leave it before I send another letter to Lloyds?

fermi

WildWayz wrote: »

The thing is, it's showing as a D (default) for every month since my bankruptcy! So the data is inaccurate!

Actually, that is correct for a defaulted account.

The status is just getting updated every month, and yep it is still in default. They are not registering an actual new so each time, so it is OK.

Your original recorded default dates are wrong, but considering that they will all disappear from your report in just over a month it's not worth trying to get anything corrected there.

WildWayz

fermi wrote: »

Actually, that is correct for a defaulted account.

The status is just getting updated every month, and yep it is still in default. They are not registering an actual new so each time, so it is OK.

Your original recorded default dates are wrong, but considering that they will all disappear from your report in just over a month it's not worth trying to get anything corrected there.

Thanks Fermi - it's strange how none of the other accounts were shown like that... which is why I was alarmed...

Thanks again!

pistonbroke

Hi, is there anyway of removing the BR from the credit report at all, or is it a case of after 6 years it automatically comes off?

nervousmother

Thats correct you just have to wait for it to fall off.

fermi

pistonbroke wrote: »

Hi, is there anyway of removing the BR from the credit report at all

Yes. Pay all the debts and costs of the OR/trustee in full, and then get the BR annulled. Then you can have it removed.

Otherwise, wait the six years.