What does this mean?

Reading7

I have an old Nationwide loan, which I took out in November 2012, a default was added in January 2014. Ive struggled to pay the debt back and currently do not have a repayment plan set up.
I’ve received a letter from Nationwide today however asking if I agree to a Notice of Correction being added to my account, with the following wording ‘please note that this default relates to an agreement which the creditor considers to be unenforceable’
What does this actually mean? Do I have to continue to pay the debt back? Will this work in my favour in the long term?

sourcrates

Interesting, do they give you a reason why they think its unenforceable ?

Usually it's because they can't find your credit agreement.

An unenforceable debt means just that, it cannot be enforced through the courts, the debt still exists, but they can't use legal action to make you pay it, so basically you can walk away.

It's most unusual for a creditor to offer to do this, very confusing, but good for you.

Ben8282

I was not aware that lenders could add notices of correction to credit files. Surely Notices of Correction are for you to correct/explain an entry on your file that you want to correct/explain. Why would a lender do this?
Why exactly do Nationwide consider the debt to be unenforceable? They have your correct address obviously.
I think such a notice of correction added by a lender would raise several questions.