Credit report clearing up questions

terrence45

I've read the stickie and I think I may have some clearing up to do... I have 7 accounts showing up as defaulted on Experian but I only went bankrupt with 3 credit cards and 1 loan. My bankruptcy was on 10/05/2017 and discharge exactly 1 year later, but all the entries show different dates...

SUPERMARKET BANK
Instalments
Current default balance £A LOT
Date of default 31/05/17

LINK FINANCIAL OUTSOURCING LIMITED
Other Non-Revolving Credit
Current default balance £A BIT (this is the 1st co-op card below)
Date of default 22/06/17

LINK FINANCIAL OUTSOURCING LIMITED
Other Non-Revolving Credit
Current default balance £A BIT (this is the 2nd co-op card)
Date of default 22/06/17

PRA GROUP (UK) LIMITED
Cards
Current default balance £0.00 "SATISFIED" (this is Barclaycard below)
Date of default 10/05/17

CO-OPERATIVE BANK PLC
Cards
Current default balance £0.00 "SATISFIED"
Date of default 01/06/17

BARCLAYCARD
Cards
Current default balance £0.00 "SATISFIED"
Date of default 10/05/17

CO-OPERATIVE BANK PLC "SATISFIED"
Cards
Current default balance £0.00
Date of default 01/06/17

So my questions are:
1. Do I need to send letters? If so, to which ones? I notice the template in the stickie is quite old. Can you email these days?

2. If I contact the agencies, is it safe to give them my current home address, which is different to the one they would have? I don't want to open up a can of worms as it's my parents' address.

3. Do I need to include a copy of my bankruptcy order if/when I write to them? I couldn't see that in the template.

4. What if I don't bother contacting? I've never had a debt chasing letter in my life.

Thanks all :beer:

tom9112

I've been discharged in 2018 and I still have 3 "defaulted" accounts as of now.

I've contacted each company directly with my Discharge letter (which you can get from gov website for free) and yet after 2 months with supplied evidence they haven't updated my status on noodle credit report.

I will give it 1 more month before I go again with more formal evidence, but the companies seems to like to take it very ignorantly.

JCS1

To be honest, as all the default dates are within one month or so of your BR date, it may not be worth the effort to get the companies to update.

JCS1

tom9112 wrote: »

I've been discharged in 2018 and I still have 3 "defaulted" accounts as of now.

I've contacted each company directly with my Discharge letter (which you can get from gov website for free) and yet after 2 months with supplied evidence they haven't updated my status on noodle credit report.

I will give it 1 more month before I go again with more formal evidence, but the companies seems to like to take it very ignorantly.

The default date should be your BR date or earlier, but the default will still stay (and then disappear after 6 years)

System

tom9112 wrote: »

I will give it 1 more month before I go again with more formal evidence, but the companies seems to like to take it very ignorantly.

To be fair you walked away scot free owing them money and they can never pursue you for it so they're not going to be exactly willing to help you.

The bankruptcy on your credit file will have far more impact than the defaults, just make sure they're not adding them after the bankruptcy although if like the OP they were within a month afterwards there's no point chasing it.

You being discharged doesn't get those records removed.

terrence45

JCS1 wrote: »

To be honest, as all the default dates are within one month or so of your BR date, it may not be worth the effort to get the companies to update.

I understand the dates are perhaps not a big issue, but the fact they show money is still owed (updated as recently as April) suggests the original lenders passed the debt to collection agencies who are keeping it active, no?

I think the default balance should be zero now.

terrence45

Tarambor wrote: »

To be fair you walked away scot free owing them money and they can never pursue you for it so they're not going to be exactly willing to help you.

The bankruptcy on your credit file will have far more impact than the defaults, just make sure they're not adding them after the bankruptcy although if like the OP they were within a month afterwards there's no point chasing it.

You being discharged doesn't get those records removed.

A bit presumptuous to assume I walked away 'scot free' - the loan/credit cards involved in my bankruptcy add up to less than what I'm earning per annum two years later - really not much. Unfortunately I had to go bankrupt to get out of a legal agreement and while it's a bonus not to have to pay the big supermarket bank the remainder of my loan, I did suffer some mental anguish thanks to the judgement of others who know nothing about my circumstances.

mjm3346

terrence45 wrote: »

I understand the dates are perhaps not a big issue, but the fact they show money is still owed (updated as recently as April) suggests the original lenders passed the debt to collection agencies who are keeping it active, no?

I think the default balance should be zero now.

As already pointed out the defaults will go at more or less the same time as the BR drops off your report, balance showing as outstanding or not - but no reason for them not to have your current address if you want to contact them and show the debt was included in your BR.

terrence45

Ok - I've emailed them all anyway asking them to show as 'settled'.

vixg66

"To be fair you walked away scot free owing them money and they can never pursue you for it so they're not going to be exactly willing to help you"

Tarambor - did you miss the memo to 'please be especially nice'? It may have been poor wording on your part, but your post came across as quite judgmental, whether that was your aim or not.

tom9112

Tarambor wrote: »

To be fair you walked away scot free owing them money and they can never pursue you for it so they're not going to be exactly willing to help you.

Have I been asking for Years of stress? Have I knew what I'am going to be like this in next few years with debts incurred?

Banks have chased me in my late teens/early twenties with Credit Card/Loans and as a young and stupid adult without Financial Understanding I went for it.

Now in my late 20s I have to look at years of Financial Freedom I could have grown have been taken away by corporate profits, look at the assets I could have grown without the loans offered everywhere, right now I'm constantly in the situation where I have to explain every "penny".

I would choose differently if I was in my early 20s.