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default payment on my file
krainuk
Posts: 4 Newbie
Hi
i had an overdraft with barclays and when i went onto my first DMP i had to close my account so they sold the debt to BWC group. on my credit file on noddle it says i have a defaulted debt with barclays at £700.
should this not say BCW group as they bought the debt? and also as i pay a small amount each month is it still classed as defaulted? can i do something to improve my rating
the amount i owe decreases with each monthly payment on the report each month so the value is correct.
i had an overdraft with barclays and when i went onto my first DMP i had to close my account so they sold the debt to BWC group. on my credit file on noddle it says i have a defaulted debt with barclays at £700.
should this not say BCW group as they bought the debt? and also as i pay a small amount each month is it still classed as defaulted? can i do something to improve my rating
the amount i owe decreases with each monthly payment on the report each month so the value is correct.
0
Comments
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It would only be changed into BCW's name if they had truly bought the debt AND made an agreement with Barclays that they would take over reporting of the account.
Sounds as if BCW are just collecting rather than having bought the debt. Which is their usual MO.Free/impartial debt advice: National Debtline | StepChange Debt Charity | Find your local CAB
IVA & fee charging DMP companies: Profits from misery, motivated ONLY by greed0
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