Lowell Financial

TakeItAsRed

Anyone doubting the fact it happened is more than welcome to have a copy of the confirmation from Lowell

fermi

I don't doubt it. Have seen it happen enough to know.

GingerBob_3

TakeItAsRed wrote: »

Anyone doubting the fact it happened is more than welcome to have a copy of the confirmation from Lowell

You maybe misread my tone. I'm with you on this and don't doubt that it happened. As I said; it is an interesting case, and maybe this is a way forward for people who are shafted by these low-life debt collectors and other creditors.

fermi

This is from the ICO a few years ago

Case Reference Number ENQ*******

Dear Mr ******

Thank you for your enquiry regarding the manner on which defaults information is recorded on credit files. Please accept my apologies for the delay in responding to you; this is due to the large caseload we are currently experiencing. Unfortunately, this has meant that we have been unable to deal with incoming correspondence as promptly as we would like.

You have asked in your inquiry whether, once a default has been recorded with the credit reference agencies, it is possible for a lender to come to an agreement with the debtor to remove the default record as part of a negotiated settlement.

I can confirm that removal of the default record under these circumstances would be at the discretion of the lender. Removal of the record would not contravene any part of the Data Protection Act 1988, or the data protection principles embodied in that act.

You have further asked whether the assignment of the debt and the transfer of the default record to another company, a debt collector in your example, would effect this position.

I can confirm that any subsequent maintainer of the default record due to a sale or 'assignment' of the debt would hold the same power of discretion previously mentioned.

I hope that this information has been helpful. If we can be of any further assistance please contact our Helpline on 08456 306060, or 01625 545745 if you would prefer to call a national rate number, quoting your case reference number.

Yours sincerely

**** ***** Case Officer

Information Commissioner's Office, Wycliffe House, Water Lane, Wilmslow, Cheshire SK9 5AF
T. 01625 545745 F. 01625 524510 ]www.ico.gov.uk

Please consider the environment before printing this email

Ian011

As an aside, the ICO premium rate 0845 number changed to an 03 number around July 2014. Check their website for up to date contact details.