Help! re cleaning credit file post BR

cariad7

Hi
My apologies if I have posted in wrong thread and for long post.
I became bankrupt on 25th July 2013 and discharged July 2014. IPA is also finished. So have made a start cleaning up my credit file.. Am I right in thinking that
1. all debts which were unsecured and included in BR should have been marked as default no later than BR date 25/7/13.
2 they should also have a default satisfaction date no later than 25/7/14 and be marked as settled/partial settled or satisfied/partial satisfied with £0 balance.

The defaulted accounts should then drop off the credit file 6 years after default or BR date whichever is sooner.

Most of my lenders/creditors had updated my file as settled but some hadn't, so to those lenders I sent each a copy of my discharge notification to get the a/cs updated. .
Then after checking credit files again I am concerned that although have been updated some still not correct.
eg
Lender: Home retail group Type :credit card
before update

Current status: delinquent Balance £1,600
Account started 27/10/2007
Credit limit £1420

After update
current status: delinquent
balance £0
Partial Settlement Start date 01/07/2014
The balance has reduced but it is still delinquent and in my active accounts.

I thought this account should have been defaulted with
default date 25/7/13
default satisfaction date 25/7/14
current status : settled
Balance £0

Please can someone clarify what it is suppose to look like, I am getting more confused the more I read.

.

The_Real_Cheddar_Bob

im not 100% but the delinquent status seems to be wrong and should be settled or partially settled.

[Deleted User]

Yea should be settled/partial settled

Experian should show:

Current Balance: Satisfied (even if there is a partial flag underneath)
Default Date: on or before 25/07/2013
Satisfaction Date: On or before 25/07/2014

Account status code: 8's will continue until the account drops from your file - as long as the above 3 fields are correct, don't worry about this


Equifax very similar:

Status: Settled
Current Balance: £ 0
Default Date: On or before 25/7/2013
Date Satisfied: On or before 25/7/2014

cariad7

thank you rjwr

I didnt think current status delinquent was right either
. From what I have read I thought the account should have been defaulted with correct date so that it drops off file in 6 years at the right time.

Do you know if the partial settlement start date is the same as a default satisfaction date. I am so confused by this.

[Deleted User]

Partial Settlement Date & Satisfaction date are the same thing - these can be anywhere up to a year after you were made BR.

cariad7

Thank you somerset

So status should be settled/satisfied and there should be a default date? Do I now chase this up with lender again or Credit Reference Agency to get it corrected., tia

fermi

It should be defaulted with a date not later than your BR date, yes.

I would dispute via both channels so the lender gets a kick/nudge from both directions.

cariad7

Thanks Fermi, will do that, I didnt expect to have to be chasing people 3 years after BR. I naively thought send my discharge form off and my file would have been updated correctly, live and learn come to mind lol.

The_Real_Cheddar_Bob

don't worry about companies chasing. I had a couple who even said i wasn't on the bankruptcy register.

Work on getting your file sorted and this will stop. The information office can help if you hit a brick wall

cariad7

My apologies for some more questions but need help to clarify a few things. I was just in the process of writing to the above lender to correct this when I looked at my Equifax file, wish I hadn't.

What do i do about?
1. An a/c marked as settled, £0 balance? Will it still drop off file in 6 years from a satisfaction date or do I still need a default date?

2. I have previously asked a lender to correct a file that has a default date but still showing an outstanding balance and no satisfied date. How long should it take to show change on credit file? Do i just send original letter again?

3. Lastly Equifax changed my files from default status to settled after updating so now looking quite green. My Experian file on the other hand is mostly red, a/c's show current status as defaulted even those that have been updated with a £0 balance/default date/satisfaction dates, still are defaulted.
Is this right? Do they update files like Equifax?
TIA

fermi

1. With no default, then yes it drops 6 years from satisfaction date

2. They can update as quick as they like, but may only happen when they send their normal monthly update. If it's been 8 weeks or more, send them a reminder saying that unless they correct it you will be going to the FOS and ICO.

3. Experian still show it as default, even when satisfied as well. It's just the way they choose to show it on reports, and is normal.