barclaycard and cabot

Ames

It's not 6 years from march, it's six years from the last time you acknowledged the debt in writing or by making a payment, so it'll be up in March 2010 I think.

Hippocampus

walshy.walsh wrote: »

barclays last updated their bit in 2005??

so if they have no enforcable agreement, can i make them take it off my file??

Unfortunately, you'll have more chance of winning the lottery. I've been trying for 2 years, so your best bet is to wait until it drops off your credit file.

walshy.walsh

Hippocampus wrote: »

Unfortunately, you'll have more chance of winning the lottery. I've been trying for 2 years, so your best bet is to wait until it drops off your credit file.

but i have "2" defaults for one debt??? can cabot actually file a default even though i've never had anything to do with them! sorry to go on a bit!

Hippocampus

It's Barclaycard that will need to remove their name. They have now effectively dumped any interest in you that they might have had by selling your account on to Cabot.

Raise a complaint with the CRA's telling them that they must remove one or the other. Cabot are legally entitled to CONTINUE the reporting of the default that was originally filed by Barclaycard. But only if the default was lawful in the first place.

fermi

walshy.walsh wrote: »

but i have "2" defaults for one debt??? can cabot actually file a default even though i've never had anything to do with them! sorry to go on a bit!

From: Technical Guidance Note - Filing defaults with credit reference agencies

The ‘sale’ or assignment of debts on defaulted accounts

52 When the rights to a debt are sold to a third party, the lender has to make sure the records with the credit reference agency are accurate, up to date and adequate. If they want information about the debts to continue on the credit reference file they will need to come to an agreement with the purchaser about who is to be responsible for this.

53 If the purchaser agrees to take control of the record, the customer should be informed that the debt has been sold or assigned and to whom. The credit reference agency file should be changed to show the name of the purchaser and that the rights to the debt have been sold or assigned.

The purchaser should then make sure the record is kept up to date including changes to the amount still owed. The purchase should not affect how long the record is kept. It should be removed six years after the default.