Post Bankruptcy Credit Report Clean Up - account sold

Mr_Bigglesworth_

Hi

In January 24 i was officially discharged from my bankruptcy and in August 24 i started the process of cleaning up my credit report using the guide in the very useful pinned post. Most have corrected their entries on my credit report using the first letter where we give them 28 days to correct their entry. However, i have one lender (MBNA) who have now sold the account to Link Financial.

Link financial became an account on my credit report in September 24. I've just received a letter from them informing me of the sale and they have dated it as April 2024. MBNA have now marked my file as Defaulted at the date of my initial bankruptcy in 2023 with no indication that the account is settled or satisfied. The current balance is shown as £0. Default balance as the full amount owed.

Link Financial now report the full amount owed as of September 24 and show the account as Default. So its two defaults for one!

I believe that MBNA have not fully cooperated as they should and the next step is to complain to the information commissioner. As for Link Financial, do i now issue them with the first letter to give them 28 days to mark the default date as Jan 23 and to update the status to satisfied / settled and to clear the balance owed to £0? Or do i ignore their letter and include them in the complaint to the information commissioner?

Any guidance / opinions much appreciated,
Mr B

sjbgellatly

I have exactly the same issue as Mr B. Received letters yesterday (from MBNA & Link) telling me that MBNA had sold my debt - which was written off when I was declared bankrupt in March 2019 - to Link. Really would like to know how to proceed with this!

Many thanks in anticipation.
S Baldwin

leep1990

sjbgellatly said:

I have exactly the same issue as Mr B. Received letters yesterday (from MBNA & Link) telling me that MBNA had sold my debt - which was written off when I was declared bankrupt in March 2019 - to Link. Really would like to know how to proceed with this!

Many thanks in anticipation.
S Baldwin

I was just looking for advice for the same thing. Noticed link financial had opened up accounts in my credit report. Bankruptcy in 2019 discharged 2020 and I wrote the creditor to correct the report entry which happened. Now I have more accounts with incorrect default dates and marked as opened.

I have emailed link financial complaints and provided the letters I sent to the creditors back in 2020/2021. 

Not sure if there is anything else I should do?

kevker23

I've had a couple of these for different lenders. Seems they just bulk sell on old debts, irrespective of BRs etc. All the ones that they have been sold onto have accepted an emailed copy of the BR cert and the discharge as proof, although a few have tried their luck saying well their debt is after the discharge so it's owed. Funnily enough as soon as you say it's ok, I'll speak to the ICO they suddenly get very helpful and amend correctly.

Regarding the original lenders, I've sent them the letter again, but will probably just involve the ICO and get them to pursue. I think we are all going to have this problem for a couple of years as they sell on debts.

56puddles

Received similar today with a letter from Link Financial with an accompanying MBNA letter stating LC Asset 2 have instructed Link Financial Outsourcing to manage your account, etc.

My BK became official on 20 April '21 and subsequently had my name removed from the IR a year + 3 months later. At that stage, my understanding was the next milestone would be the 6 year clear up and start with a clean slate. However, as per others on this thread, Link have announced their arrival with an invitation to scan their QR Code (not likely).

I too will have login to clear score to confirm what others have stated here. Thereafter, it looks like I will need to contact the OR and hopefully they might agree to send a letter to Link Financial and get them to remove what I anticipate will be as per others have already stated a-another 'identical' default notice against me, albeit, in their warped mind a new claim in their favour.

I bet the OR needs this aggro like they've got time for this run-around!

Would I presume to be correct, that my other debt (credit card) might also follow MBNA's cute moves by punting the debt on to another shark, who'll try and recoup some £;s?

Thanks in advance for any further advice or tips to getting these people off our respective backs.

Cheers, 56 Puddles