We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Credit file when accounts are sold on
realgonekid_2
Posts: 44 Forumite
Hi
When a company sells the debt to another company (legally assigned) should the balance on the account be zero'd on the credit file.
I noticed on mine it was Zero'd down when it was sold (after defaulted etc)
But two others have not been and the balance is still showing
Which is correct?
When a company sells the debt to another company (legally assigned) should the balance on the account be zero'd on the credit file.
I noticed on mine it was Zero'd down when it was sold (after defaulted etc)
But two others have not been and the balance is still showing
Which is correct?
0
Comments
-
If the account is marked as settled or satisfied then it's correct and matters not0
-
Gary if this is not the case then should it be challenged ,?0
-
Do you still owe money on the two accounts that don't show zero? And are you saying they are not marked as 'settled' or 'satisfied'?I work within the voluntary sector, supporting vulnerable people to rebuild their lives.
I love my job
0 -
realgonekid wrote: »Gary if this is not the case then should it be challenged ,?
What are the accounts status marked as?0 -
it shows this:
********* PLC with a balance of £144.00
Account:
Type:
Account started:
Current Status:
********** PLC
Mail Order
19/04/2016
Default / Ended
Credit Limit:
Balance:
Entry code:
Account Settled:
-
£144.00 credit in use
C1
25/10/20160 -
That's from the MSE Credit Club correct?
Default / Ended is the correct status.
What do the other CRA's report it as?0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.4K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.4K Spending & Discounts
- 247.3K Work, Benefits & Business
- 604K Mortgages, Homes & Bills
- 178.4K Life & Family
- 261.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards