unpaid debt

m00m00

I was replying to a post from this morning, but it was too long for me to quote using the phone. It was dangerous misinformation which people reading the bumped thread need to be aware was wrong.

fermi

Siwesty wrote: »

I have just been contacted by a debt recovery agency who say they were passed a debt in 2005 and say I owe Lombard bank £1870.62. they also say that the debt originated from an address we lived in 1995. Due to me being in the RAF and moving around alot. I am not aware of any debt with this company and have had no contact with anyone from either company, I have also had the same mobile number that they called me on for tha last 5 years and yet this is the first time they have called me. all help and advice would much appreciated. I have also benn a member of experian until about 2 months ago and nothing has ever showed up.

Read the info in this link.

https://forums.moneysavingexpert.com/discussion/2606811

If needed there are letters to send.

fermi

Morglin wrote: »

it can still be re-registered on their credit file time and time again if it remains unpaid,

Not true.

It can only be registered as a default once.

The default and ALL details of the account will be completely removed from your credit record 6 years after the initial registration of the default. Nothing further can be recorded regards the debt/account after that.

Ben8282

Morglin wrote: »

/then they lose the right to do so forever.

They can chase a debtor for the money and they would still owe it. The debt would still exist, they would still be liable, they can still be asked to repay it and it can still be re-registered on their credit file time and time again if it remains unpaid, the only change is the person cannot be forced to repay it any longer.

Ultimately if someone wishes to borrow again in the future then an old debt registered on a credit file could present a challenge.)



Lin

No. This is not correct. A debt can only be defaulted once. The only way what you descrbe could happen was if the debtor was to enter into some sort of new repayment agreement with a DCA and then default on that repayment agreement.