Cabot still recording old debt on credit file as a credit card

Chrisblue1962

I'm on a dmp with CCCS and one of my old debts, a credit card with Barclaycard, was sold on to Cabot Finance. Obviously, I do not have access to the Barclaycard credit card anymore and the credit card account is now closed.

However, Cabot Finance are still recording the old debt as a "live" credit card on my credit file even though it is no longer as such. None of my other creditors have done this even though some of their debt also originated on credit cards.

By doing so, they are giving a false and distorted impression upon my credit file. Whilst I appreciate the fact that the debt originated on a credit card, is it now an just an unsatisfied unpaid debt which I am gradually repaying. Are Cabot allowed to do this?

nic_c

Surely its a default and Cabot have now registered the default in their name?

Chrisblue1962

I'm not sure if it was ever defaulted actually by either Barclaycard or by Cabot. My main issue is they are reporting it on my credit file as a "live / active " credit card when it is not. It should be reported as "Other Accounts", as per my other old debts.

I will dig out my old paperwork from Barclaycard and Cabot to see if either of them did issue a default.

sourcrates

Chrisblue1962 wrote: »

Whilst I appreciate the fact that the debt originated on a credit card, it it now just an unsatisfied unpaid debt which I am gradually repaying. Are Cabot allowed to do this?

Hi,

Yes they are, the debts origins are in no way connected to how the debt is reported on your credit file.

Has the account been defaulted, it will show a "date of default" if it has ?

Occasionally it will be marked as an "arrangement to pay" instead of a default, what they are doing is perfectly normal.