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Lowell Group

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Boviolet

Boviolet Posts: 1 Newbie

29 February 2016 at 1:59AM in Credit file & ratings

After recently getting s copy of my credit report, I noticed that Lovell Group had added two defaults to two seperate companys, when I wrote to them telling them I had no memory of the debts, they responded saying that the 'former' accounts were now closed due to a business decision and that my balance was now £0.00 what does that mean???

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CKhalvashi Posts: 12,134 Forumite

29 February 2016 at 3:33AM

It means that you still owe the money, but they're nice enough not to chase you for it.

The defaults will stand for 6 years from the default date.

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Ben8282 Posts: 4,821 Forumite

29 February 2016 at 4:03AM

Yes but they cannot default the presumably already defaulted accounts a second time.

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CKhalvashi Posts: 12,134 Forumite

29 February 2016 at 8:45AM

Ben8282 wrote: »

Yes but they cannot default the presumably already defaulted accounts a second time.

The original default date, about 6 months after the payments were missed.

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