2 Defaults registered for the same debt

Distressed08

Hi, I have two defaults registered for the same debt for the same amount on the same day.
MBNA, the original holder and then Link who bought the debt.
Can I do anything to remove one? We are 1 year off of them falling off, but trying to remortgage and it's tripping us up.
Thanks.

[Deleted User]

Tell one of them to remove theirs.

Contact Link.

[Deleted User]

If they sold the debt on then the collection agency has to record the original default as well.

If they’re both the same date then it’s correct as far as I know

thedriver77

I have exactly the same issue. I ended up with 2x defaults from Barclaycard (for 2x different accounts) as part of my DMP. They sold the debts to PRA Group, who also put 2x defaults on my credit file.


One of the debts is paid off, so shows a zero balance against the Barclaycard and the PRA defaults. However I really don't see how they can register two defaults for the same debt.


If Barclaycard sold the debt, to someone else, then they received money and therefore the default was satisfied by whoever bought the debt. But this didn't happen - it showed with the same balance as two different accounts.


Experian have told me that lenders understand this and only count it once, but I don't trust what they have said....

Willing2Learn

Are the PRA default dates the same as the original default dates from Barclaycard?

[Deleted User]

If the debt was sold on then the original debt will be defaulted, marked as settled or satisfied, with a balance of £0.

The company that purchased the debt will then show the account in default, with the original date from the original debtor, along with the amount owing.

National_Debtline

Hi there


A creditor is entitled to register a default on your credit file once you have fallen into arrears. Arrears are usually between 3 and 6 months when they do this. If they sell the debt on the DCA is entitled to register the debt under their own details, including a default, as long as they use the same date as the original creditor.


The original creditor's entry will usually be updated to show the debt as satisfied, and the DCA's entry will be outstanding. Experian have confirmed that is only the entry recorded by the debt collection agency that should affect your credit rating.


I hope this helps


Susie
@natdebtline