6 years has passed....

Mupette

Checking my credit report yesterday i realise 2 companies are still there, one should of gone 12/12/2010 and one in November, both are still there and making me look bad.

I called one company who want it in writing, and i am a bit nervous about calling the 2nd as they are still sending 'we will send a balliff' letter even tho officiall they know and i know it is now statue barred.

what is the correct way for these two companies to be removed properly off my credit list.

I must add the second company keep changing dates on my credit info, what was 2004 is now 2009

fermi

6 years from what? The default date?

If so, then take it up with the CRA.

Mupette

sorry yes 6 years from last known contact with them,
the one i contacted admitted that the account is 'settled' but want it in writting.

CRA do you mean credit ref agency?

many thanks for responding

fermi

Sorry, yes. CRA = Credit Reference Agency.

The CRA keeps the defaulted accounts on your file for 6 years from the recorded "default date".

The default date should arguably be within six months of when you broke the credit agreement, but certainly no more than 6 months after the last time you paid or acknowledged the debt.

So, although a debt is statute barred, it can under some circumstances legitimately stay on your credit report for 6 months or so more.

All depends on the individual timing of what happened when with the accounts.

What are the "default" dates recorded?

Mupette

fermi wrote: »

Sorry, yes. CRA = Credit Reference Agency.

The CRA keeps the defaulted accounts on your file for 6 years from the recorded "default date".

The default date should arguably be within six months of when you broke the credit agreement, but certainly no more than 6 months after the last time you paid or acknowledged the debt.

So, although a debt is statute barred, it can under some circumstances legitimately stay on your credit report for 6 months or so more.

All depends on the individual timing of what happened when with the accounts.

What are the "default" dates recorded?

ok the one i have not spoken to, we shall call bank.....

Bank Date last deliquent 12/04, date updated 16/06/2009 (last time i spoke to bank was back in 2004) refused to speak to debt companies as i felt at the time that the bank let me down when i needed them and this is all bank charges £153.00
no default date listed
Status defaulted


Other company we will call credit card.

defalt date not given
date last deliquent 12/04
Date updated 12/06/2005
date satisfied 29/12/2004
status settled.


does that help? sorry not very savvy on wording of cra

Mupette

just to add i just noticed on the 'bank' one
payment history shows last payment from me being November 2004, that would of been around about the last time i had any contact with them i guess.

fermi

Well, you need to challenge the CRA (Equifax I presume) as to why those are still on your report, and instruct them to remove them.

http://www.equifax.com/help/q7/en_uk

How long will information stay on my Credit File?

Credit agreements: Six years from the date the account was settled, written off or defaulted – whichever happened first

And to check why they have failed to record a proper date for the default, despite them clearly being marked as one.

Have you checked your Experian file? They normally seem to be better at reporting data properly. If they are on there, then they should have a default date.

Mupette

fermi wrote: »

Well, you need to challenge the CRA (Equifax I presume) as to why those are still on your report, and instruct them to remove them.

http://www.equifax.com/help/q7/en_uk

And to check why they have failed to record a proper date for the default, despite them clearly being marked as one.

Have you checked your Experian file? They normally seem to be better at reporting data properly. If they are on there, then they should have a default date.

I have equifax, but will look into this.

Many many thanks for your help, i feel a huge sigh of relief that i might be able to finally say i am debt free....

But those 2 have been sitting on my chest for 6 years now so hopefully i can change my latest rating of 337 to something miles better.


Very poor

Your payment history shows that you have accounts shown to be defaulted. Credit grantors will view this negatively and you may have difficulty obtaining credit. Please review the section of your credit report entitled Credit Agreements to see your accounts. For more information about Insight data and what you might be able to do about it,

This reflects accounts at your previous address(es).


This must be the bank






Poor

You are currently not making all of your payments on time and are several months late in making some/all payments. This indicates you are having problems repaying your debts. Credit grantors will view this very negatively and you may have difficulty obtaining credit. Please review the section of your credit report entitled Credit Agreements to see your accounts. For more information about Insight data and what you can do about it,


This must be the cc


Poor

The total number of credit obligations that you have failed to pay and have been reported in default is 1. Credit grantors view this as a significant negative risk when considering whether to grant you credit. You may find it difficult to obtain credit if you have loans written off by a previous credit grantor. Please review the section of your credit report entitled Credit Agreements to see your accounts. For more information about Insight data and what you can do about it,

Number of defaulted loans at your previous address(es): 1.


this must be the bank?


everything else is excellent, good and fair (fair being i have been on the electrol roll for as long as i have had a home)