Accounts disappeared from credit report

Ben75

I defaulted on several accounts five years ago. Two are with the same lender, and they have both disappeared from my credit report.

One was acknowledged as being unenforceable and I stopped paying them in January. The other was an overdraft they had no paperwork, which they said they didn't need to provide. I was paying a small amount to this one.

Is it likely they have been written off, or sold to a DCA?

HappyMJ

Ben75 wrote: »

I defaulted on several accounts five years ago. Two are with the same lender, and they have both disappeared from my credit report.

One was acknowledged as being unenforceable and I stopped paying them in January. The other was an overdraft they had no paperwork, which they said they didn't need to provide. I was paying a small amount to this one.

Is it likely they have been written off, or sold to a DCA?

You will need to check with the creditor to find if they are "written off" or sold.

If they no longer appear on your credit report then it will no longer affect you getting credit in the future with other companies.

You could choose to no longer pay. Especially the unenforceable debt and they have 6 years to take court action against you. They can't do that with the unenforceable debt. The debt isn't "written off" they just can't take court action against you. You will always owe the money until you die or are declared bankrupt.

National_Debtline

Hi Ben 75,

It is extremely unlikely that the creditor has taken it upon themselves to simply write off the debts. It could be that the debts have been passed or sold on, or reported to another credit reference file or dropped off naturally - debts will only appear for 6 years from the date of default.

Stay vigilant - keep your eye on your post and credit files. Happy MJ raises a good point about the Limitations Act, which states that if there has been a 6 year block of time since the debt fell due, with no written acknowledgement or payment to the debt and no County Court Judgement has been obtained, the debt may no longer be enforceable through the County Court and becomes known as Statute Barred. Bear in mind, if you have been making payments then this will keep resetting the 6 year clock.

Laura
@natdebtline

Ben75

Would they be able to sell an unenforceable debt? If someone tries to chase me for it, all it would take is one letter unless they can produce the goods.