Credit report entry after BR

Qiwarr

Hello,


I hope someone can advise my next course of action, let me set the scene.


I was declared bankrupt in April 2009. I was discharged April 2010 (I think, it was definitely not more than a year later.)


I have just started getting back on track and used Noddle to check my credit report.


It shows a small balance of £213 which I have apparently been defaulting on with HSBC, since the date of the BR, even though it was named in the proceedings. The account was a bank current account overdraft which I shared with my wife. My wife was not named in the BR.


I did read (possibly on these forums awhile back, different details, but same idea) that as it was a joint account then HSBC may come after my wife for the debt? However they haven't and she has no income of her own anyway in which to pay?


However its obviously sitting as a large black mark against me (and I guess her too?) even though I was unaware it hadn't been removed. My question therefore is, should I petition through my credit report for it to be removed, as it was named in the BR, or is it still something outstanding that I need to pay, because of the joint nature of the debt with my wife? (we are still married and together btw.)


Any assistance, gratefully received.


Q

fermi

She is liable if it's joint, so it should be on her report as defaulted and being updated.

On your report it should really say satisfied, as your liability for it has been, and that is what a credit report should reflect. That can be a bit of a fight to get done on a joint debt though, as banks try to mislead you that as someone still owes it, it should be marked as that on your report, even though you are actually not liable any more. Usually needing the FOS to make them change it.

It will still drop off 6 years after the 1st default date no matter what, so up to you if you want to try to get it corrected on your report.

Qiwarr

Thanks for your quick reply
I am not sure looking at my record though that it will disappear, as it seems it goes back to August 2009, but I had been defaulting since at least April of that year. It looks like the report is only showing the last five year selection. So I think HSBC will continue defaulting on me....
I think perhaps I should challenge it?

Just as a quick aside, is it right that all my other credit over the years should not show up on my report now?
I literally have one current credit card and my current bank account (in addition to the HSBC already mentioned.) No other credit is showing (I don't have any other current credit).
In addition when I check the public records it says that I am not showing my BR, is that correct?
Probably simple questions, but I am confused.
Thanks again


Q

fermi

What is the "default date" on the current account?

Not dates of Ds or 8s in the status history row, as those are not new defaults and don't change when the whole account falls off. That is always 6 years from the original recorded "default date".

It it's going to drop off soon anyway, it may not be worth messing around with.

If you went BR in April 2009 then any other accounts from then should have been defaulted and dropped off already.

Qiwarr

Well I stopped trying to clear the overdraft once proceedings started for my BR, so I am guessing the last time anything got paid into the account was around Feb 2009?
My Noddle status history shows D(DF) from June 2015 all the way back to August 2009, but as I say I think it is only showing the last 6 years history, so surely it should have dropped off by at least April this year as I went BR in 2009? It shows nothing for July or August, but I assume that's because it takes awhile to update?


Time to start the rebuild then, 1 credit card and 1 bank account...


Q

fermi

It's not the status history you should be looking at. It's the default date listed above you need to know.

Should say "date of default" with a date such as.

It is that default date that determines when things drop off.

Similar to this.

fermi

Also if you are checking Noddle, then that report only updates with changes once per month, so something could have dropped off on the CRA but is just not showing that until you are allowed to get your next Noddle update.

i.e. Noddle lags as it's only a monthly snapshot, not a rolling live report.

Sounds like this default may well disappear next time you are allowed to get a new Noddle report.

Qiwarr

Ahh got you, thanks, yes it says 17/8/2009, so should drop off 4 days from now, but probably won't show up for a month or two, while Noddle updates catches up.


Then everything's clear then..


Many thanks for your help Fermi


Q

fermi

Fantastic.