My debts don't appear on my Experian credit file

ljm85

Hi all,

I have a number of unsecured debts and phone contracts that resulted from me giving up my business at the start of 2009 to take care of my parents who both have dementia. The debts were personal and not in the business name, although almost all of them were used to set up my business.

I always intended to go bankrupt but due to the pressure I am under looking after both of my folks, I just never got round to it. Letters came through the door, but nobody ever knocked it and here we are 6 yearsicon later. The letters are rare. In the last few months I have only received about 2-3 letters a month. As you can tell i'm in poor state with the paperwork and uncertain.

I am on carers allowance and income support and have no assets.

Today I decided to check my credit report after discussing this with a friend. To my surprise Experian gave me a 'fair' and im only 40 points off a 'good', 860/999.

Looking on my report I can't see any details of these debts although I do have 3 warnings on my account:

You have a defaulted or delinquent account (but no accounts or amounts appear?)
You have no settled non-mail order credit accounts
You have opened 1 new credit account in the last 6 months (a new bank account, but doesn't have an overdraft, it's a Cashminder that I was preparing to go bankrupt with).

I thought that on my report I would see a list of people chasing me and for set amounts, but that is not the case. Does it not work like that or have I overlooked it?

Experian is also suggesting I am eligible for loans and cards, although the rates are sky high 25-50%. I'm not looking for a loan, but I was surprised to see it as an option.

Given my situation I was looking at going bankrupt but having seen this file i'm not so sure. I do owe that tax man £2000 from the business which I could offer to pay in smaller chunks to save going bankrupt.

Apologies if this is in the wrong forum but I felt that I needed to understand my report better before knowing how to proceed.

Thanks in advance for your replies.

forgotmyname

The score they give you is meaningless. Only you and Experian see it.

None of the lenders or banks see that score.

Have you checked Equifax also?

After 6 years it drops off your file, still owed but they cannot take you to court for it.

chappers

yep if they were from 2009 they may be dropping off by now.

ljm85

Thanks for the replies.

I looked on Equifax and I've got a poor rating of 255.

2 of my mortgages which went to unsecured loans when I was repossessed are classed as 'settled'.

The only other mention is to do with an account I had with citi

Terms 0 @ £ 0 (Monthly) Status Defaulted
Current Balance £ 960 Start Balance £ 0
Credit Limit £ 0 Default / Delinquent Balance £ 843
Start Date 19/01/2007 Date Updated 06/10/2015
Date Last Delinquent Date Satisfied
Default Date 16/05/2014

It looks as though it was from my old address which I moved from around 6 years ago which is why I have not seen it. However, I won't have paid anything to do it with it since the start of 2009, so i'm not sure why it has a default date from last year.

Any ideas?

Thanks again for your input.

chappers

seems a bit strange Citi would have defaulted you years ago if you haven't paid anything since 2009, is the debt still in Citi's name.
You can't be defaulted twice for the same debt.