full and finals

GeorgeUK

quick question, from reading the forums im sure ive read that, you can't be defaulted for the same debt twice. So if the original creditor has already defaulted you, are the debt collection agency allowed to default you.

You can only have one default per debt - if that isn't the case (have you checked your credit file?), you need to get in touch with the CRA to see what's going on.

Also if you have settled the debt with the debt collection agency, and they have marked it as settled is there no way the original lender will mark there one as settled.

If the original lender has sold the debt on, only they will be able to get the default removed. The DCA will not be able to remove someone elses default. If the debt has been passed to the DCA to deal with rather than sold, it may be possible that they can get the original creditor to remove the default. The Original credit if they have sold the debt will have nothing to gain from you settling after they have sold it so there is no reason for them to remove the default.

One of the main reasons i was going for the idea of full and finals was default removal from the original creditor...as a lot of mine have been sold on you see.

It might be worth mentioning to them that you have been advised to go bankrupt. It may be possible that the DCA can get the original creditor to remove their default so that they can then put one on in it's place - then they may be able to remove this if you came to an agreement. As i said, you can only have one default per debt, but if it is the original creditor's default that gets removed then you may be able to get the DCA's removed if they agree to your payment and terms.

It is a bit of a long shot, but it may be possible. I'd try writing regarding one of the larger debts that has a default as a trial and hopefully the smaller ones will be able to do the same.