cabot default date is wrong

mintchoc

Hi there,
I was looking to understand my options, if any, around a default from Cabot.
My credit file does not show the original default with virgin money credit card
I believe the original default was mid 2018.
When the debt was transferred/sold to cabot they registered a new default in Feb 2019.
I reached a 50% settlement in March 2019.
Credit file shows partial settlement March 2019.
Mortgage lenders are more open if the original default is over 1 year.
My file doesn't reflect the accurate date of first default.
Is there anything I can do?

Thrugelmir

mintchoc wrote: »

Credit file shows partial settlement March 2019.
Mortgage lenders are more open if the original default is over 1 year.

The partial settlement of the debt will be of more interest to lenders than the date of default.

mintchoc

Thanks for the info. Agree that makes sense.
However,
My impression from talking to mortgage broker was the original criteria to apply, at least, was related to the date of default being over a certain period of time ago.

sourcrates

mintchoc wrote: »

Thanks for the info. Agree that makes sense.
However,
My impression from talking to mortgage broker was the original criteria to apply, at least, was related to the date of default being over a certain period of time ago.

In the grand scheme of things, a few months is neither here, nor there, you can, if you wish, submit a subject access request to virgin money, that will get you the original default date.
Then compare that to Cabot's entry, if it’s different, then write and complain, escalate to the ICO if not satisfied.

boo_star

New user.

Weird username.

Taking the !!!!.

Pass.