We'd like to remind Forumites to please avoid political debate on the Forum. This is to keep it a safe and useful space for MoneySaving discussions. Threads that are - or become - political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
Lender in administration can the data on credit report be removed?
recruiter1974
Posts: 7 Forumite
in Loans
If a pay day loan company has gone into administration, can negative data be removed immediately from my credit file. Is there legislation surrounding this and can I ask the credit references agencies to remove the data. For example defaults or CCJ or any association with the lending organisation? I also have irresponsible lending claims against them currently in consideration.
Active Securities trading as the 24/7 Moneybox.com
Please could you point me in the right direction or offer me some advice?
0
Comments
-
No, it will stay there.
If you were to have a successful complaint upheld by the administrators, it could potentially be amended.3 -
The facts have to stay. That is the point of a credit history.I’m a Senior Forum Ambassador and I support the Forum Team on the Pensions, Annuities & Retirement Planning, Loans
& Credit Cards boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com.
All views are my own and not the official line of MoneySavingExpert.1 -
No just means you will now owe the administratorsDon't put your trust into an Experian score - it is not a number any bank will ever use & it is generally a waste of money to purchase it. They are also selling you insurance you dont need.0
-
Not sure you can, I had a Satsuma online loan, in the last few days, I have become notified as it's Provident reporting on the closure, when to me that is a totally different brand/arm and worry I'll now be considered to have had a doorstep/home loan when that wouldn't be totally correct.
Sure the credit card under them doesn't report as Provident.0 -
Provident and satsuma are the same companyDeleted User said:Not sure you can, I had a Satsuma online loan, in the last few days, I have become notified as it's Provident reporting on the closure, when to me that is a totally different brand/arm and worry I'll now be considered to have had a doorstep/home loan when that wouldn't be totally correct.
Sure the credit card under them doesn't report as Provident.
https://en.m.wikipedia.org/wiki/Satsuma_Loans
2021 GC £1365.71/ £24000
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 348.8K Banking & Borrowing
- 252.3K Reduce Debt & Boost Income
- 452.6K Spending & Discounts
- 241.6K Work, Benefits & Business
- 618.2K Mortgages, Homes & Bills
- 176K Life & Family
- 254.7K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 15.1K Coronavirus Support Boards