Defaults and how they appear on credit file when sold.

ElleCDF42

Evening

I have a credit card that went into default.  I was aware of the default for over a year and kept ringing up to pay it without knowing.  When I was aware I set up a payment plan with the company.  The agent was very blazey and said pay what you like there is no interest.  So I start to pay of £50 a month. A few months later I called to get a balance and they informed me it had been sold.  after another few months I was contacted by Cabot.  I have now paid the balance off with Cabot (the stupid thing it was only about £400)

I am confused the original credit card is still showing I owe them a defaulted balance?  is this right? It has screwed me right up financially for the last 2 year meaning I could not even get a basic bank account.

Thank you 

[Deleted User]

If the debt is now settled, the default should show as settled. If it's showing as open, raise a dispute.

sourcrates

ElleCDF42 said:

Evening

I have a credit card that went into default.  I was aware of the default for over a year and kept ringing up to pay it without knowing.  When I was aware I set up a payment plan with the company.  The agent was very blazey and said pay what you like there is no interest.  So I start to pay of £50 a month. A few months later I called to get a balance and they informed me it had been sold.  after another few months I was contacted by Cabot.  I have now paid the balance off with Cabot (the stupid thing it was only about £400)

I am confused the original credit card is still showing I owe them a defaulted balance?  is this right? It has screwed me right up financially for the last 2 year meaning I could not even get a basic bank account.

Thank you 

If your being refused even a basic bank account, then you need to check your credit file for things like fraudulent activity.

Bankrupts/insolvents, those with CCJ`s, multiple defaults, late payments etc, are all able to access basic banking.

The most likely reason for refusal of an account would be a cifas marker on your credit file, and not one default on its own.

ElleCDF42

Deleted_User said:

If the debt is now settled, the default should show as settled. If it's showing as open, raise a dispute.

So the company the post office credit card sold it to showed it as a default until I paid it full and it is now showed as settled (FYI along with Cabot, I had letters from another company YaYa telling me I had miss payments to then for the same debt, they would then not speak to me when I said it was with Cabot and who were they?)

The post office that sold the original debt is still showing that I owe the full amount and is in default.  No one in post office would speak to me.

Ele