Credit score plummet - arrow global

[Deleted User]

Hello everyone,

Could anyone please advise:

I have been trying to build my credit score since it was decimated by my ex-wife’s actions while we were married, and I had done quite well bringing my score up.

There was one outstanding debt on my account, a closed joint bank account which my ex-wife ran into unauthorised overdraft after we separated. That was from June 2012.

This month my credit score dropped by over 120 points. The reason being a company called Arrow Global who have purchased the bank overdraft debt. The bank debt now shows zero, and under “closed accounts” is a new entry for arrow global with the same balance as the previous bank account debt.

As I’ve had no contact from or with the bank in question since June 2012, I assume the debt is statute barred?

Also, will arrow global’s new entry stay on my file for 6 years from the date they purchased the debt? If not, at what point would the entry no longer show on my file?

I gather they are allowed to do what they have done on my credit file and I have no recourse?

Thank you

[Deleted User]

Has the account defaulted?
If so, what date did this happen?

Arrow will have purchased the account and will carry it on from the same date of default as the original account.

Ignore the drop in score - lenders do not see or care about it.

[Deleted User]

Also what happened here:

https://forums.moneysavingexpert.com/discussion/comment/73652529#Comment_73652529