Bankruptcy Credit Reference File Clean Up - Discussion

fermi

Oh, and the above is for bankruptcy. IVA can be appropriately substituted in the letter/email.

ferrit44

fermi wrote: »

I would make a final complaint to HSBC first.

If you take it to the ICO/FOS now, then due to their backlogs it's unlikely they will even get to consider the complaint before the defaults drop off on their own in November this year.

Complain via post as above.

Also send copies via email to all complaint email addresses for HSBC you can find.

Not sure if still current, but....

servicequality@hsbc.com

Customerrelations@HSBC.com

managingdirectoruk@hsbc.com

Plus resister a dispute via Callcredit for good measure.

Thanks Fermi, will do.

I did raise this to Call Credit in the first instance via the Noddle service, they weren't much help.

fermi

ferrit44 wrote: »

Thanks Fermi, will do.

I did raise this to Call Credit in the first instance via the Noddle service, they weren't much help.

Oh well then. Sometimes they are good, at other times they are next to useless.

In the end these defaults will be gone in November.

They are wrong. It is annoying. But at least they will go soon regardless.

I hope you manage to get them taken off before that though.

alan_partridge

do bankruptcys disappear from your credit report 6 years from the date you were declared bankrupt, or 6 years from the date you were discharged?

i was declared bankrupt in december 2006, and the time has come for my fiancee & i to get our first mortgage, so i need to know when the earliest i can think about applying is..

i went through my credit report on equifax, found 3 "red" items (british gas, egg, and HSBC), so sent letters to the creditors as per the very helpful instructions 'pon this 'ere website.. that was about 3 weeks ago - i have just checked my report again online and one of the creditors has disappeared altogether (british gas) - i assume this is a good thing?

egg is showing as "green", albeit with a "date satisfied" as 03/04/2007:

Credit Card from Egg Plc (I) / [account number]
Terms 0 @ £ 0 (Monthly)
Status Settled
Current Balance £ 0
Start Balance £ 0
Credit Limit £ 1,120
Default / Delinquent Balance £ 1,257
Start Date 10/07/2003
Date Updated 03/04/2007
Date Last Delinquent
Date Satisfied 03/04/2007
Default Date 15/12/2006

HSBC is still in "red", showing the following info (2 accounts):

Loan from Hsbc Plc (I) / [account number]
Terms 0 @ £ 0 (Monthly)
Status Defaulted
Current Balance £ 17,634
Start Balance £ 0
Credit Limit £ 0
Default / Delinquent Balance £ 17,634
Start Date 11/04/2005
Date Updated 20/03/2007
Date Last Delinquent
Date Satisfied
Default Date 16/01/2007


Current Account from Hsbc Plc (I) / [account number]
Terms 0 @ £ 0 (Monthly)
Status Defaulted
Current Balance £ 270
Start Balance £ 0
Credit Limit £ 0
Default / Delinquent Balance £ 270
Start Date 25/09/1997
Date Updated 20/03/2007
Date Last Delinquent
Date Satisfied
Default Date 16/01/2007

can anyone advise to which date this "6 year rule" thing applies? i.e. when will all of the above, and my bankruptcy, disappear from my credit file?

apart from these couple of things, everything on my credit report is green, so once they are gone it will be clean as a whistle! then i just need to think about getting a credit card to establish a bit of recent credit history, and hopefully i can then start thinking about mortgage applications..

such a faff, though - we want to stop renting asap, but i don't want to run the risk of applying for a mortgage too early and get turned down

fermi

Bankruptcy is 6 years from the bankruptcy date.

Defaulted accounts are 6 years from the default date. Those should be dated on or before your BR date. Yours are not, but only a month late or so.

So the BR order will come off your report in Dec 2012.

Your defaults will come off in Jan 2013 if not corrected.

Up to your really if you want to go to the bother of getting the default dates put to Dec so they come off in Dec 2012? May be more effort than it is worth?

alan_partridge

fermi wrote: »

So the BR order will come off your report in Dec 2012.

Your defaults will come off in Jan 2013 if not corrected.

thank you so much - i couldn't ask for quicker & more succinct reply!

this is great news, and exactly what i was hoping.. so even if i just sit on my behind & don't do anything, worst case scenario is that i have to wait until Jan 2013 for everything "bad" to disappear from my report.. brilliant!

thanks again for your help

chadders1966

fermi wrote: »

Oh well then. Sometimes they are good, at other times they are next to useless.

Fermi,

Just thought I'd chip in re: Call Credit/Noddle. I've mentioned on another thread I've had a lot of trouble cleaning up my file. I disputed via Noddle, and once I let them know that I had already queried all the accounts with wrong dates or still showing as owing, and sent all relevant paperwork, they dealt with it for me. All my accounts apart from one are now showing as satisfied with the correct dates. They were definitely a great help to me.

Monkey_boy

I'm still having a nightmare with my Noddle report, it's still showing 4 accounts as in a status of default (all updated with in the last month).

If I write to corresponding department will this stop?

The date of deafaults are all after my BR,w ill they fall off after 6 years from the default date, or will these just keep on running and never close off?

Sorry, I'm so confused by all this.

debtfreetee

just want to add some info to help person understand, the reason why allot of default dates are after IVA is because while your in an IVA as far as the creditors are concerned it can still fail, and sometimes the actual account defaulted after the IVA accepted date, when you get your letter of completion this is proof that you have completed it, and on seeing this will update your account to settled/partial settled and adjust default date to line up with your IVA, but you must state this in your letter and tell them to contact all three credit ref agencies

debtfreetee

oh yeah don't be fooled into thinking because it drops off the credit file your clean, that's rubbish
if you have a debt say with natwest and u been in an IVA and its removed from your credit file completely, they keep an internal file which will show up for another 6 years.

when you apply for a mortgage they will ask you if you have been in a bankruptcy or IVA,

the way around it is to get finance with companies you didnt have debt with,
remember you still might get credit but not at a so good rate with old debt firms, just bear this in mind