Bankruptcy debts on credit record

Ph0enix83

I declared myself bankrupt in April. Included in the bankruptcy were 4 accounts to RBS (1 loan, 1 credit card and 2 overdrafts). All the debts to other creditors have been marked as 'satisfied' but the RBS ones are still showing as default. Is this correct or should it have changed when I went bankrupt? I won't be discharged from the bankruptcy till April 2019 so not sure if I have to wait until then to get it changed?

-taff

It will stay there for six years.
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https://ico.org.uk/media/for-the-public/documents/1282/credit-explained-dp-guidance.pdf

[Deleted User]

It’s correct.

The defaults will drop off 6 years from the date they were first applied

Ph0enix83

I'm confused as to why all the others have been marked as settled then

Craig1981

the settled ones could have been sold on - this was the case with some of my debt when i went into IVA...
(happy to be corrected if not the case in bankruptcy)

fermi

They should stay as default, but ALSO be marked as satisfied once you are discharged. Which sounds as if you haven't been yet.

They ones that have been marked as satisfied already may be due to the debt being sold on, which is usual for the original creditor to do with the status when that happens.

cymruchris

As fermi says - they are to be marked satisfied by the lenders once the bankruptcy is discharged. I had a couple of lenders that neglected to update mine long after my discharge. Persistancy is key - eventually I got them all marked as satisfied/partially settled. Barclays was the worst - it took me 3 months of back and fore to get them to update it correctly. They were wanting a discharge notice - but you don't get one of those automatically, you have to apply for it, and it's not free! (I seem to remember it's around £70-80). I didn't want to spend that just to mark one debt satisfied - so I kept arguing until they gave in.

Potbellypig

Ph0enix83 wrote: »

I'm confused as to why all the others have been marked as settled then

I wouldn't worry about it. Your bankruptcy will stay on for 6 years from the date of discharge anyway.

maxmycardagain

Craig1981 wrote: »

the settled ones could have been sold on

bargain!

lol

Steveg63

Hi, you need to write to RBS and tell them to mark these as settled now. There is a simple letter that is available from Experian, NO DEFAULT LETTER. (If you need a copy let me know)
Although your credit file will be damaged due to the bankruptcy you will see this improve over 12 months after discharge, however if you leave the defaults on there it wont!
There is NO reason for RBS or any other lender not to mark your accounts as either 'settled' or 'partially settled'.
Do it now so you are ready for when you become discharged.

Butts

cymruchris wrote: »

As fermi says - they are to be marked satisfied by the lenders once the bankruptcy is discharged. I had a couple of lenders that neglected to update mine long after my discharge. Persistancy is key - eventually I got them all marked as satisfied/partially settled. Barclays was the worst - it took me 3 months of back and fore to get them to update it correctly. They were wanting a discharge notice - but you don't get one of those automatically, you have to apply for it, and it's not free! (I seem to remember it's around £70-80). I didn't want to spend that just to mark one debt satisfied - so I kept arguing until they gave in.

I was discharged in October and got a downloadable (and hence printable) copy of my Certificate of Discharge for free. I don't know why you were quoted £70 for one ?