Credit Report - need advice

impulsive

Right I posted this on the IVA board as i'm currently in a trust deed. But as no one has responded I thought i'd put it in this section and see if you guys/gals can advise me.

Right as the title says i'm in a trust deed (started on 12/6/08) and I have just checked my credit report with both Experian and Equifax.

Now when I checked with Experian they only had information about my current bank accounts and an old mobile contract that I cancelled. Absolutely no information about any previous credit I had taken or anything about the fact i'm currently in a trust deed.

So that's why I checked with Equifax to see what their report was like. This one was more in depth. It has ALL BUT ONE of my previous debts.

However there was still no mention of the trust deed and also I noticed a few discrepencies with my report.

Here is a list of my debtors that are included in my trust deed and what it says on the equifax report about that company:

Lloyds TSB Loan - SETTLED 26/9/08 ????
Lloyds TSB CC - DEFAULTED 23/12/08
Barclaycard - not on my report
Cahoot - DEFAULTED 5/12/08
Goldfish - (assuming this is the one showing as Liverpool Victoria Loans?) IN ARREARS since 06/08


How can the TSB loan be settled when its in my trust deed? Why have LV not defaulted on an account that hasn't been paid since June 2008? Why does my Barclaycard not show on my report?

Also can I send the template letters to the companies who have defaulted me and request that they amend the date to be in line with my trust deed?

What do i do????? :think:

impulsive

anybody please?

BringtheStoneshome

Hi

I don't know masses abut this bit I have just had a minor problem with Equifax.

You can contact any of the companies and request that they update things so they are correct. Equifax were quite insistent that they were just a library of information and the comapnies had to be contacted when I complained that they had put out false information about me which may or may not have resulted in me losing credit card deals.

Is most of the information not detrimental to your credit report? If so why bother correcting it. You could end up with better credit deals (if you need them). I wouldn't be asking a company to list on Equifax that it had defaulted me.

Sorry, but I don't know what a trust deed is so if I am glaringly wrong on this then that is just plain old lack of knowledge about the issue.

Regards

BTSH

GeorgeUK

To be honest, i would contact the CRA to query this.

At a guess, TSB loan may say settled if they are no longer dealing with the debt. Some creditors when they pass the debt on to a DCA (sometimes even an inhouse one) change the entry to settled or the balance to zero.

It is not a requirement for a creditor to issue a default. They must only do this before they can take court action and as a Trust Deed would stop them from doing this, there isn't really any point for them to do so.

Barclaycard may not report to that CRA. We advise people to check all 3 CRA's to see what information there is held on their credit reports, but a creditor may only give the information to 2 or even 1 of them.

impulsive

Thanks for the replies.

Yeah I thought the Lloyds TSB one was a bonus to me that it shows as settled when its not.


So if LV keep it as arrears during the whole trust deed (3yrs) and then show it as settled (which they would need to do?) then that would be better than defaulting on it I assume?

Think i'll check with the other CRA as I only checked with Experian and Equifax. See if they mention anything about Barclaycard.