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.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Default dates when sold on
ayupmeduck
Posts: 250 Forumite
I have a loan defaulted 11/12/2022 showing as £0 balance on my credit report. I also have a default 24/05/2023 for the same debt from who bought it.
Should I complain about the new default? Have I effectively got 2 defaults for 1 debt? How long before the original account gets removed, not of my other defaulted account have the original account on my reports.
Debt £7976 | Savings £350Aims: Buy first home 2026-8. £20k deposit
0
Comments
-
You should complain because the new buyer should have applied the original default2
-
To the credit agency or the DCA?When will the original account be removed?Debt £7976 | Savings £350Aims: Buy first home 2026-8. £20k deposit0
-
Simular question have BARCLAYCARD that was sold to PRA have Halifx and MBNA sold to CABOT yet all show as defaults (Same Date), if debt sold should orignal owner then remove default as they no longer own it, as my account show double defaults?ayupmeduck said:I have a loan defaulted 11/12/2022 showing as £0 balance on my credit report. I also have a default 24/05/2023 for the same debt from who bought it.Should I complain about the new default? Have I effectively got 2 defaults for 1 debt? How long before the original account gets removed, not of my other defaulted account have the original account on my reports.I have Dyslexia which is a learning difficulty that primarily affects the skills involved in accurate and fluent word reading and spelling so some post may not make sense.0 -
When debts are sold, occasionally you get two entries for the same account, one from the original creditor, and one from the new owner.
This is perfectly normal, its still just the one default marker, as long as the date of default remains the same for both entries, if its different, you can complain to whoever is reporting it incorrectly, and ask them to backdate it to the actual date of default.I’m a Forum Ambassador and I support the Forum Team on the Debt free wannabe, Credit file and ratings, and Bankruptcy and living with it 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.For free non-judgemental debt advice, contact either Stepchange, National Debtline, or CitizensAdviceBureaux.Link to SOA Calculator- https://www.stoozing.com/soa.php The "provit letter" is here-https://forums.moneysavingexpert.com/discussion/2607247/letter-when-you-know-nothing-about-about-the-debt-aka-prove-it-letter1 -
So I complained via my credit report and the company have come back to say that the date they have is correct and I need to show documentation to state otherwise.Do I now have 2 defaulted accounts on my report for £5000 each? What is my next step, not sure I even have a default notice from the original creditor. Could the original creditor have supplied a wrong default date. I have a 'notice of sums in arrears' letter dated 31/05/2023. Maybe both are wrong if the arrears letter is from the OC and dated after the now account default.Debt £7976 | Savings £350Aims: Buy first home 2026-8. £20k deposit0
-
Contact the original creditor and or ask for a subject access request under data protection.I have Dyslexia which is a learning difficulty that primarily affects the skills involved in accurate and fluent word reading and spelling so some post may not make sense.0
-
As I said before, complain to whoever is reporting it incorrectly, and ask them to backdate it to the actual date of default.
The CRA are a waste of time as they only report what they are told.
You have to change the information at source.I’m a Forum Ambassador and I support the Forum Team on the Debt free wannabe, Credit file and ratings, and Bankruptcy and living with it 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.For free non-judgemental debt advice, contact either Stepchange, National Debtline, or CitizensAdviceBureaux.Link to SOA Calculator- https://www.stoozing.com/soa.php The "provit letter" is here-https://forums.moneysavingexpert.com/discussion/2607247/letter-when-you-know-nothing-about-about-the-debt-aka-prove-it-letter0 -
It was the DCA who told the CRA that the date was correct. i have since sent an SAR to Lendable and will see what I get back.sourcrates said:As I said before, complain to whoever is reporting it incorrectly, and ask them to backdate it to the actual date of default.
The CRA are a waste of time as they only report what they are told.
You have to change the information at source.
Debt £7976 | Savings £350Aims: Buy first home 2026-8. £20k deposit0 -
who was the DCA for Lendable have they sold this to them or are thay acting on behalf of them?ayupmeduck said:
It was the DCA who told the CRA that the date was correct. i have since sent an SAR to Lendable and will see what I get back.sourcrates said:As I said before, complain to whoever is reporting it incorrectly, and ask them to backdate it to the actual date of default.
The CRA are a waste of time as they only report what they are told.
You have to change the information at source.I have Dyslexia which is a learning difficulty that primarily affects the skills involved in accurate and fluent word reading and spelling so some post may not make sense.0 -
Lowell and sold. I cancelled my dd in July 2022. I got a notice of suns in arrears in May & Feb 2023 and Aug & Nov 2022, annual statement in March 2023. Multiple missed payments/arrears emails but nothing since May 2023 until I got the letter this month through the post.Sly72 said:
who was the DCA for Lendable have they sold this to them or are thay acting on behalf of them?ayupmeduck said:
It was the DCA who told the CRA that the date was correct. i have since sent an SAR to Lendable and will see what I get back.sourcrates said:As I said before, complain to whoever is reporting it incorrectly, and ask them to backdate it to the actual date of default.
The CRA are a waste of time as they only report what they are told.
You have to change the information at source.
Debt £7976 | Savings £350Aims: Buy first home 2026-8. £20k deposit1
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.7K Banking & Borrowing
- 254.2K Reduce Debt & Boost Income
- 455.1K Spending & Discounts
- 246.8K Work, Benefits & Business
- 603.3K Mortgages, Homes & Bills
- 178.2K Life & Family
- 260.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards