We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide

Defaults on debt included in a bankruptcy

Wondering if anyone can clarify something for me, I think I know the answer but just wanted to check.

I was declared bankrupt in 2008, one of the debts included was a credit card. I have signed up for an experian credit report and am shocked to find that Lloyds TSB are still issuing defaults against the credit card and have been every month since I started defaulting! :eek:
My understanding was, that once I had sent in the paperwork, they stopped issuing defaults to my credit file and it just showed as a kind of static debt, or settled/partially settled from the bankruptcy order date, like the other debts that were included?

Thanks

Comments

  • fermi
    fermi Posts: 40,542 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker Rampant Recycler
    They should have marked the debt as settled or satisfied in some way. That would mean a stop to the monthly updating as a "D" or "8".

    Have you sent the letter here ---> https://forums.moneysavingexpert.com/discussion/677875
    Free/impartial debt advice: National Debtline | StepChange Debt Charity | Find your local CAB

    IVA & fee charging DMP companies: Profits from misery, motivated ONLY by greed
  • LLM
    LLM Posts: 219 Forumite
    I've been Money Tipped!
    Thanks Fermi,

    I had a look at the clean up post a few days ago which was why I came to the conclusion that they should not still be issuing the default against me.

    I can't find any of the paperwork that relates to my accounts so have no account numbers but have drafted some letters to send to the relevant companies in the hope that they can sort this out for me!
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 354.4K Banking & Borrowing
  • 254.4K Reduce Debt & Boost Income
  • 455.4K Spending & Discounts
  • 247.3K Work, Benefits & Business
  • 604K Mortgages, Homes & Bills
  • 178.4K Life & Family
  • 261.5K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.