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PDLs dropped off before 5 years on Equifax credit report?

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PDLs dropped off before 5 years on Equifax credit report?

edited 3 July at 8:41AM in Credit File & Ratings
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sully1311sully1311 Forumite
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edited 3 July at 8:41AM in Credit File & Ratings
Hi,
I’ve noticed that 2 PDL’s that I’d stupidly taken out in 2015 (1 in July, 1 in Oct) have been removed from my Equifax/ClearScore report even though it’s been less than 5 years since they were opened or closed.

Does anyone know why this is? Should I expect them to drop off my Experian and TU reports?

Replies

  • TimSynthsTimSynths Forumite
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  • DCFC79DCFC79 Forumite
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    sully1311 said:
    Hi,
    I’ve noticed that 2 PDL’s that I’d stupidly taken out in 2015 (1 in July, 1 in Oct) have been removed from my Equifax/ClearScore report even though it’s been less than 5 years since they were opened or closed.

    Does anyone know why this is? Should I expect them to drop off my Experian and TU reports?
    Im not sure anyone can answer the question, they could disappear but I wouldn't go jumping up and down/get excited about it.
    Did you put a claim in against the lenders ?
  • sully1311sully1311 Forumite
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    DCFC79 said:
    sully1311 said:
    Hi,
    I’ve noticed that 2 PDL’s that I’d stupidly taken out in 2015 (1 in July, 1 in Oct) have been removed from my Equifax/ClearScore report even though it’s been less than 5 years since they were opened or closed.

    Does anyone know why this is? Should I expect them to drop off my Experian and TU reports?
    Im not sure anyone can answer the question, they could disappear but I wouldn't go jumping up and down/get excited about it.
    Did you put a claim in against the lenders ?
    Yes I did, but I haven’t had the results of claim back yet. I’m not getting excited about it, I just thought it was a bit weird that they’ve been removed before 6 years has passed.

  • sambairdsambaird Forumite
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    By any chance were they ICL / Moneyshop / PaydayUk / PaydayExpress Loans?

    I’ve also noticed 3 (Moneyshop) disappear from my Equifax file this month about a year early. (Have to wait a couple of weeks before my Experian/TransUnion files update this via MSE/Credit Karma)

    I think this is probably due to the redress scheme (details at https://www.themoneyshop.com/) - but I haven’t heard anything directly from the company.

    I’m making an assumption that if they have been removed from one at the direction of the company, there’s no particular reason why they shouldn’t be removed from the other 2.
  • edited 3 July at 12:22PM
    DCFC79DCFC79 Forumite
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    edited 3 July at 12:22PM
    sully1311 said:
    DCFC79 said:
    sully1311 said:
    Hi,
    I’ve noticed that 2 PDL’s that I’d stupidly taken out in 2015 (1 in July, 1 in Oct) have been removed from my Equifax/ClearScore report even though it’s been less than 5 years since they were opened or closed.

    Does anyone know why this is? Should I expect them to drop off my Experian and TU reports?
    Im not sure anyone can answer the question, they could disappear but I wouldn't go jumping up and down/get excited about it.
    Did you put a claim in against the lenders ?
    Yes I did, but I haven’t had the results of claim back yet. I’m not getting excited about it, I just thought it was a bit weird that they’ve been removed before 6 years has passed.


    Maybe the entries being removed is part of the claim, just a thought.
    Have you checked Experian or MSE credit club ?
    Are they still listed there ?
  • sully1311sully1311 Forumite
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    DCFC79 said:
    sully1311 said:
    DCFC79 said:
    sully1311 said:
    Hi,
    I’ve noticed that 2 PDL’s that I’d stupidly taken out in 2015 (1 in July, 1 in Oct) have been removed from my Equifax/ClearScore report even though it’s been less than 5 years since they were opened or closed.

    Does anyone know why this is? Should I expect them to drop off my Experian and TU reports?
    Im not sure anyone can answer the question, they could disappear but I wouldn't go jumping up and down/get excited about it.
    Did you put a claim in against the lenders ?
    Yes I did, but I haven’t had the results of claim back yet. I’m not getting excited about it, I just thought it was a bit weird that they’ve been removed before 6 years has passed.


    Maybe the entries being removed is part of the claim, just a thought.
    Have you checked Experian or MSE credit club ?
    Are they still listed there ?
    I have Credit Club and Credit Karma, still listed on there. I thought it could be due to the claims but I thought they would have got in contact first to give me their outcome.
    Hopefully I’ll hear something from them soon.
  • edited 3 July at 12:32PM
    sully1311sully1311 Forumite
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    edited 3 July at 12:32PM
    sambaird said:
    By any chance were they ICL / Moneyshop / PaydayUk / PaydayExpress Loans?

    I’ve also noticed 3 (Moneyshop) disappear from my Equifax file this month about a year early. (Have to wait a couple of weeks before my Experian/TransUnion files update this via MSE/Credit Karma)

    I think this is probably due to the redress scheme (details at https://www.themoneyshop.com/) - but I haven’t heard anything directly from the company.

    I’m making an assumption that if they have been removed from one at the direction of the company, there’s no particular reason why they shouldn’t be removed from the other 2.
    Yes they were PaydayUK PDL’s.
  • edited 3 July at 12:44PM
    sambairdsambaird Forumite
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    edited 3 July at 12:44PM
    I’ve just been through the FAQs on the site: https://www.themoneyshop.com/FAQs
    Q7 seems to confirm this is part of the claim process and our claims have been upheld - I suspect COVID may have delayed them sending updates to claimants.
  • sully1311sully1311 Forumite
    211 posts
    Part of the Furniture 100 Posts
    ✭✭
    sambaird said:
    By any chance were they ICL / Moneyshop / PaydayUk / PaydayExpress Loans?

    I’ve also noticed 3 (Moneyshop) disappear from my Equifax file this month about a year early. (Have to wait a couple of weeks before my Experian/TransUnion files update this via MSE/Credit Karma)

    I think this is probably due to the redress scheme (details at https://www.themoneyshop.com/) - but I haven’t heard anything directly from the company.

    I’m making an assumption that if they have been removed from one at the direction of the company, there’s no particular reason why they shouldn’t be removed from the other 2.
    Have your other 2 reports updated yet?
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