Credit file help

patters78

Right quick question

Default logged on file from lloyds tsb overdraft 5.5 years ago.

Since has been sold to dca but my credit file has been the following

Lloyds
Lloyds + dca
Lloyds

Now I didn't think I could have 2 defaults for the same debt and should lloyds take off default as they sold it on?

Help

Ben8282

You can have only one default for one debt; the original one.

fermi

https://forums.moneysavingexpert.com/discussion/3172602

CRA Defaults - Recording of defaults relating to debts that have been sold.

The practice of selling/buying debts is widely used. As long as the information is correctly recorded on a credit file by the lender selling the debt and the lender buying the debt, then two entries relating to one account would not be considered to be a breach of the Data Protection Act provided that:-

• both recorded entries are shown as being in relation to the same account/debt;
• the original debt entry should be shown on the credit file as being either ‘settled' or ‘zero' balance and should show that the debt has been ‘re-assigned’;
• the new DC who shows the debt in their name should maintain the original default date and the correct balances;
• the retention period for maintaining the information on a credit file should be based on the original default date regardless of who is responsible for the entry/debt.

patters78

Thanks

The original default never was shown as settled or zero
At one point both original and dca were on my account both with the full default amount

fermi

The 'default balance' would never be zero or settled, as that is just quite literally the balance of the account at the time of the default, so is a fixed point/fact and can never change.

Balance or current balance should on the original if sold though, in some way to show the sale.

patters78

Nope no show of sale etc

fermi

Raise a dispute with the original creditor and CRA then.

patters78

I was also tried to be taken to court for said debt by bw legal/Lowell with my credit file showing 2 defaults of original amount lloyds and lowells

So lloyds must have sold it on?