Credit file defaults - advice please?

Dea49_2

Hi everyone

After a long, weary 5 years my financial life is nearly back together. I am older, wiser, and far more knowledgeable about what I'm doing.

My question relates to my credit file. All my defaults are due to go 'offline' in May next year, except for 2 which were where the companies concerned sold on my debt. This was a year after the initial default.

I really resent this, I never asked for the loan to be sold, and I have never missed a penny of the agreed repayments agreed with the companies I took the initial loan with.

How can they therefore be in default?

Any advice would be much appreciated!

Thanks

edrushuk

Hello Dea45,

From what I have read on here, there can only be one default date, they can't put one on at a later date when it has been sold onto a debt collection agency.

What may have happened is that the account only went into default when it was sold on, which is what happened to me.


First thing you need to do, is double check - are there 2 default dates for these accounts. If there are 2 different dates, you should be able to complain and get the latter taken off.

The experts will be along soon to confirm and clarify the info I have given you.

Good luck

Susanna

happy_bunny_2

As said, can only be defaulted once.

Did the original creditor not default until sold?

Gaz83

Yep, if the initial creditor didn't put a default marker on the debt until it was sold, then the default date put when the debt was sold is correct.

Thrugelmir

Dea49 wrote: »

I really resent this, I never asked for the loan to be sold, and I have never missed a penny of the agreed repayments agreed with the companies I took the initial loan with.

Would have been in the contract you signed up to. Far more cost effective to sell the debts on than incur all the administration costs associated with collection. Once the account goes delinquent.

happy_bunny_2

Were you paying anything for that year?

Selling is an indicator if a default. Your only option is to argue that it should have been earlier and complain in writing.

Which companies were the original accounts with?