Default on Noddle Report

traceyloo

My daughter and her partner have checked their credit reports with Noddle and there is a debt of £802 on her partners report with Hoist Portfolio Holding 2 ltd. It is registered at his previous address and it says the start date was Feb 2008 and the first default date was November 2011. He has no recollection of what the debt was for and has not received any communication at his current address about it. He is certain that he was not repaying anything up to November 2011 and was not living at that address at that time. Please can I ask what the best course of action should be? Should he dispute this directly with Noddle or Hoist Portfolio? Should this be statute barred? If it is statute barred is it possible to get if removed from credit file? It is currently showing default payments up to Jan 2017. They are hoping to apply for a mortgage this year so want the best way forward to allow them to apply for mortgage. Thank you

CakeCrusader

Have you done a google search on Hoist Portfolio Holding 2 ltd? They look like debt collectors (based in Jersey), so it's possible that he's had a debt with someone else, he's failed to pay and they've sold it to a debt collections firm. If your daughter and her partner moved house, the chances are that Hoist haven't traced him but have just put a default on his file, which they are allowed to do providing there is an actual debt.

It's not statute barred at the moment. The time limit is 6 years after the first default, so if the default date was November 2011, the debt would be statute barred in November 2017. His best course of action is to write to Holt and to ask for details of the debt, along with a copy of the documents and go from there.

PixelPound

Statute Barred means you cannot be chased for the debt, it doesn't mean any default markers would be removed (though technically they fall off after 6 years) and the debt would be still there (the owners may write it off as they can't chase it). Also be aware that the owners could go for a CCJ before it becomes stat barred, as the debt doesn't expire. And for potential mortgage seekers a new CCJ may be worse than the gamble of waiting to see if it will become stat barred.

ashp_2

As the above guys have said he needs to find out where those debt is from. Google "prove it letter" and send one to the debt collection company. It would certainly be risky waiting for it to become statue barred as it's a reasonable amount and they may go for a CCJ.

1. Find out if he owes it and who to with a prove it letter
2. If he owes it, pay it
3. Probably best not to apply for a mortgage untill the default drops off

traceyloo

Can I just check, if he contacts Hoist Portfolio and they have evidence that he does owe the money and it is paid off will it take 6 years from the date it is paid off to hopefully come off his credit file or will the 6 years be from the date of the registered default November 2011?

[Deleted User]

From default.

traceyloo

Thanks. Just looked at the Noddle report for him and I have more information. It appears the default is for a barclay card. On the Noddle credit report there is a section which says closed accounts and it is showing there as satisfied in October 2012 - from what I can see that is the date it was passed to DCA. Barclaycard have recorded the first default as November 2011, but the actual last payment made to them was February 2011. The dates from Feb 11 to Nov 11 record payment 1 month late, 2 months late etc up to 6 months late then the default notice. Is there a possibility this could now be statute barred as 6 years since last payment or is it not statute barred until 6 years after first recorded default even though that was 6 months after last payment?

PixelPound

You are holding onto the Stat Barred hope, as has been said above, it isn't at the moment. It is your choice, you could gamble to wait if it did, you may get away with it or you could get a CCJ. If the latter then it will stay on the credit file until 2023 (unless you managed to find it out in the first month and pay it off with the extra costs that have been added for the CCJ).

When is the mortgage needed, this year or 2023?

(ref for info: https://debtcamel.co.uk/statute-barred-debt/)