Old debt dropped of but now back on via Debt Collector Company 24 August 2021 at 11:27AM in Credit file & ratings 2 replies 82 views

P2white_2

Hi, I had a debt with Pounds2Pocket from 2011...it was defaulted in 2013 and dropped from my credit file in 2018...My file is now considerably better than it was as Ive managed to sort my finances and have been making payments etc on time...I was paying ARC towards the debt but it has now been sold to Lantern and they have added it to my credit files! Im a bit confused how they can do this as in theory if after a few years they decide to sell the debt on ( assuming its not paid of ) ..then it can yet again be re-applied to my credit file? And does it mean that if I stopped paying Lantern ( I wont but just wanted to know if it can be done in theory )  can they apply another default to my file despite having already had one applied for this debt?

[Deleted User]

No. Once defaulted and fallen off your files after 6 years, it should not be added back on. Tell them to remove it.

ItsComingRome

P2white_2 said:

Hi, I had a debt with Pounds2Pocket from 2011...it was defaulted in 2013 and dropped from my credit file in 2018...My file is now considerably better than it was as Ive managed to sort my finances and have been making payments etc on time...I was paying ARC towards the debt but it has now been sold to Lantern and they have added it to my credit files! Im a bit confused how they can do this as in theory if after a few years they decide to sell the debt on ( assuming its not paid of ) ..then it can yet again be re-applied to my credit file? And does it mean that if I stopped paying Lantern ( I wont but just wanted to know if it can be done in theory )  can they apply another default to my file despite having already had one applied for this debt?

Well, they just start reporting it to the CRAs as an active debt.  The CRAs just report what creditors tell them (with a small amount of sanity checking I expect.)

You'll need to write to them and explain the debt defaulted in 2013 and they need to report it as defaulted to the CRAs on that date. It should then disappear again.