Credit File (2 months to cleanup)

lala9

Question for you helpful folks...

When should the accounts that I have on my credit file that are covered in my BR be marked as settled? Their are all currently listed as defaults with differing dates. When I am discharged will this change or will I have to chase most of them down to amend this. Also what happens to the loan I have which is included in my BR which is a joint loan? Which is still being paid by the other party, will this be settled too on my record? Starting to panic a bit because I went bankrupt due to this loan as I was ripped off by the person who took all the money.

Buzby

It will require each and every creditor to amend the data to reflect them as settled, however as the BR will also take precedence on the file, I wouldn't really worry too much.

lala9

Can anyone answer my question about the joint loan I mention above? Upon cleanup time, will this become settled on my credit file, as the loan is still active and being paid by someone else.

IF

lala9 wrote: »

Can anyone answer my question about the joint loan I mention above? Upon cleanup time, will this become settled on my credit file, as the loan is still active and being paid by someone else.

Hi lala, It should show as settled/satsified on or before your BR date.

Best wishes
If...x

JCS1

lala9 wrote: »

Can anyone answer my question about the joint loan I mention above? Upon cleanup time, will this become settled on my credit file, as the loan is still active and being paid by someone else.

I seem to recall something about joint loans being different. Some lenders will argue that as it is still live and being paid for that they can't mark it as settled.

IF

JCS1 wrote: »

I seem to recall something about joint loans being different. Some lenders will argue that as it is still live and being paid for that they can't mark it as settled.

Ahhh I see thank you JCS1 :beer:

IF

Also found You've asked this question before Lala, see your thread below:-

https://forums.moneysavingexpert.com/discussion/4012535

If...x

JCS1

And Fermi explains it much better than I can Vaguely knew it was more complicated but couldn't quite remember the details

IF

JCS1 wrote: »

And Fermi explains it much better than I can Vaguely knew it was more complicated but couldn't quite remember the details

He so does, annoying isn't it!! :D:p:p