Eversheds. Is this information correct?

Rrushi_Shqiptar

Hello all,

i am just clearing my CR files and sorting MAX recovery who purchased an account from MBNA 2yrs after my BRO.

Eversheds told me that they have 6yrs to chase up any debts or money I may have or come into during that time.

I said, I am not sure thats right I was BRO in 12/2009 AD in 12/2010 and thats it you can have no more money and you bought a debt incorrectly. they were not too impressed.

Who is right?

Thanks

forgotmyname

It happens, Debts get sold on and it goes down the line.

Some will claim your debt was not covered by bankruptcy. Mostly they are full of crap though.
Just give them details of your bankruptcy and ignore them.

Rrushi_Shqiptar

I have emailed them and asked them to remove my default as it should not of been bought by them, also informed my OR

fermi

The is nothing wrong with buying a debt covered by your BR. It's just that they cannot pursue you for it.

They can record a default in your name as long as it is accurate.

The business model of Max recovery and similar firms is that they buy up debts from IVAs and BR etc for a few p in the £, in the hope that eventually the estate/OR will pay out a little as is sometimes the case. On average they get a return, even if most debts don't pay out.

Rrushi_Shqiptar

fermi wrote: »

The is nothing wrong with buying a debt covered by your BR. It's just that they cannot pursue you for it.

They can record a default in your name as long as it is accurate.

The business model of Max recovery and similar firms is that they buy up debts from IVAs and BR etc for a few p in the £, in the hope that eventually the estate/OR will pay out a little as is sometimes the case. On average they get a return, even if most debts don't pay out.

mmmm so they can buy the debt off of an old creditor who had the debt written off in the BRO and then mark a default on my file? Surely the debt cannot appear twice nor can it be older than the BRO.

Am i right to think this?

fermi

They can duplicate the default record as long as the original is marked that the debt has been sold. Marking it that way means that only you see the original as it's your report. If the original is not marked as sold then that is wrong.

Default date should also be not later than your bankruptcy date. Again, if wrong you need to complain and take them to the FOS and ICO.

Rrushi_Shqiptar

fermi wrote: »

They can duplicate the default record as long as the original is marked that the debt has been sold. Marking it that way means that only you see the original as it's your report. If the original is not marked as sold then that is wrong.

Default date should also be not later than your bankruptcy date. Again, if wrong you need to complain and take them to the FOS and ICO.

Thanks for that, I hope no other body (LENDER) can see this then on the report. It is showing the wrong date, they show the date they bought the debt from MBNA it is showing as satisfied and it will drop off 31/10/2014 6yrs from default

Name:
Address:

Date of Birth:
Account Type: Credit card / Store card
Started: 13/12/2000
Current Balance: Satisfied
Default Date: 31/10/2008
Default Balance: £9,279
Partial Settlement:
Start Date: 01/12/2011

fermi

Can you post both entries and label which is which please.

Rrushi_Shqiptar

okay .... hold on i will do that

Rrushi_Shqiptar

BRO 22/12/09
AD 22/12/10

MBNA

Name:
Address:

Date of Birth:
Account Type: Credit card / Store card
Started: 13/12/2000
Current Balance: Satisfied
Default Date: 31/10/2008
Default Balance: £9,278
Debt Assigned to CAIS Member:
Start Date: 01/06/2011

MAX RECOVERY

Name: XXXXX
Address: XXXXX

Date of Birth: XXXX
Account Type: Credit card / Store card
Started: 13/12/2000
Current Balance: Satisfied
Default Date: 31/10/2008
Default Balance: £9,279
Partial Settlement:
Start Date: 01/12/2011

fermi

OK. The debt assigned to CAIS member means only you see that first old MBNA entry.

Default date has not changed on the Max Recovery entry, co it will all still fall off when it should.

In any practical way that impacts your credit file, that looks to all be OK.