Updated credit file

Lizzieb151

Just some advice please:
I have just checked my credit file with both Experian and Equifax as I do every year as about 8years ago I got into financial difficulties.
When I last checked my file there were lots of defaults so I put them in order and offered lots of F&F settlements and some were accepted.
The others are all listed and gradually I am paying them off with priority going to the CCJ I have.
The credit files I have just checked all the accounts have dropped off leaving only my current account, management loan with the bank (all up to date payments) and the CCJ.
I know the other debts are still owing and I am dealing with them but I wanted to know if the debt management companies were able to put the debts back onto my credit report after they have dropped off? The debts were accumulated between 2005-2006.
Many thanks

National_Debtline

Hello Lizzie,

Late payment markers and defaults stay on your credit file for six years, as such the old information has now fallen off your file for good. This information should not be placed back on your file. The only time where they could be a further effect is if you had an old debt which has remained unpaid or still outstanding and the creditor decides to seek a county court judgment for the debt. The actual judgment itself could be placed on your file for a further six years.

I hope this makes sense, if you have any questions please feel free to ask. we have a useful guide to credit referencing on our website, you can find it here:

http://www.nationaldebtline.co.uk/england_wales/factsheet.php?page=05_credit_reference_agencies

Best wishes,

David.

Morrow1984

I don't think that they can.

It sounds to me, based on the dates you have listed, that you probably defaulted on those debts in 2006, 2007 at the latest. From the date of the default it stays on your record for 6 years. Now that the 6 years have expired the record is gone. Even if you are still paying towards that debt they can only default you once.

I'm not sure how it works with 'further action' for example if you stopped paying and they filed a CCJ against you it would show on your file. Even though the debt itself was not there.

Also, as far as i'm aware a debt management company will not touch your credit file, do you mean the debt collection company?

Lizzieb151

Thank you for your replies - yes I did mean debt collection company.

I just worried because although I have been paying the debts off by monthly SO - the debts then get sold again to another compnay and we have start all over with agreeing payments - it is a nightmare trying to keep up sometimes so what would stop the new debt collection company putting it back on my credit report?

I have also been paying the CCJ directly to the solicitors but again have had 2 letters from different debt collection companies chasing it aswell although it is just the one entry for the CCJ .

Do you know if you can make a F&F settlement against a CCJ or does it have to be paid in full to been taken off?

Thanks

rizla_king

They are not allowed to put it back on. See the ICO guidelines where it says that defaulted accounts should be removed after 6 years, and that selling the account on does not change that. Another default or putting it back on would be reporting false information.

Lizzieb151

That's great news thanks - my credit report looked so bad at 1 point with about 15 defaults and now to have just 2 things showing looks so much better - I can just concentrate on paying the remaining few off now.