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Quick question on creditor status on my credit file
london1973
Posts: 481 Forumite
I have been waiting for my numerous debts to default as advised here
having just checked my file for an update one of mine is now listed as ‘closed’ with a balance of 0..and is sitting alongside various long gone cards and bank accounts from the past
i assumed that the debt has been sold or something (so technically closed) with that creditor but this has happened with some of the others and the new company is simply listed instead of the original creditor, with the balance stated correctly
any idea whats going on?
separately there is one creditor missing from the file, Lloyds bank as it happens, i assume that this can happen? Note it’s Credit Karma, one of the freebies, so i guess this isn’t unheard of? On the whole they seem to be by the far the best and most accurate of all the freebies i must say
having just checked my file for an update one of mine is now listed as ‘closed’ with a balance of 0..and is sitting alongside various long gone cards and bank accounts from the past
i assumed that the debt has been sold or something (so technically closed) with that creditor but this has happened with some of the others and the new company is simply listed instead of the original creditor, with the balance stated correctly
any idea whats going on?
separately there is one creditor missing from the file, Lloyds bank as it happens, i assume that this can happen? Note it’s Credit Karma, one of the freebies, so i guess this isn’t unheard of? On the whole they seem to be by the far the best and most accurate of all the freebies i must say
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Sometimes when debts are sold your file does not always update straight away, it may be a few months before whoever has bought your debt starts reporting on it.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
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sourcrates said:Sometimes when debts are sold your file does not always update straight away, it may be a few months before whoever has bought your debt starts reporting on it.
I guess that means there isn’t much i can do about it until i see something pop up - or i get a letter?sourcrates said:Sometimes when debts are sold your file does not always update straight away, it may be a few months before whoever has bought your debt starts reporting on it.
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