#VanishingDebt?!

discodeb

Hi

I am new to the site but started a DMP with Payplan in 2008; my husband recently checked his credit score on Check My File and 3 defaulted debts - 2 credit cards and an overdraft - had vanished.
We have been paying a small monthly payment via Payplan since 2008 and the last time he check a year or so ago they were listed as defaulted.

Has this happened to anyone else, please? I mean we are still paying the monthly payments and still get sent statements and they were on the list before.

I know they are over 6 years old but they should still be on there, right?
If anyone can shed some light I would be very grateful. We have both just paid the £2 for our statutory reports from Experian and will get access to them in 4 days.

Best Wishes
dd
x

[Deleted User]

After 6 years from default, they will fall off your files.

discodeb

Hi ZX81

Thanks for your reply. So they drop off after 6 years - even when we are still paying them off? I don't understand why one is still on my husband's file and the others are not; would it have something to do with the original creditor selling the debt in 2011 to another company? And six years from when they bought it it will drop off like the others?
If things have dropped off his file does that mean if any company does a credit check they now will not see these old, dropped off debts?

It is so confusing as they were on his file just over a year ago and we defaulted on them all between 2004 and 2008, so why had they not dropped off when he checked just over a year ago? As this was more than six years after we defaulted.

My brain is very confused and I don't know the best way forward - Payplan have got some of his debts listed in my name and it doesn't give me much hope that they are competent. Also at one point we were being harassed by JB Debt recovery for a joint student loan which is now not in the list of our debts either.

Any advice will be gratefully received!
Thanks

[Deleted User]

They should all drop off 6 years from the default date - nothing to do with being sold, though you need to check that the default dates have not been changed.

They will no longer be visible to lenders, but the debts are still owed.

Make sure you check all three files.