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Credit file dates after TD completed.

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(@jimmy2018)
Active Member
Joined: 6 years ago
Posts: 6
Topic starter  

Hi there, 

My TD ended last year. I noticed on my credit file a bank accounted which was included in TD as Settled in March 2019. The TD started in April 2018. Should this date not be settled at the date of the trust deed starting? 

 

Also I have a default for a bank account and debt collection agency for the same debt. Is this allowed? Should it not only have been one default for one debt ? 

 

Any advice would be much appreciated 🙂

Mr Neil


   
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Kevin Mapstone
(@kevin-mapstone)
Member Admin
Joined: 15 years ago
Posts: 4237
 

Hi jimmy.  We aren't experts on credit reports, but the default date not matching the start of the Trust Deed is an issue we hear about quite often.  It seems that most are able to get it sorted out by complaining to the creditor and asking for the date to be amended.

Regarding the duplicate debt, when a debt is sold on then it would show as a separate entry, with the original debt then showing as a nil balance, but the date of default should be the same as the original as I understand it.

Scottish Debt Solutions Expert - Ask me for help setting up a Scottish Trust Deed or Debt Arrangement Scheme plan.


   
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 CIF
(@cif)
Reputable Member
Joined: 11 years ago
Posts: 216
 

Posted by: @jimmy2018

Hi there, 

My TD ended last year. I noticed on my credit file a bank accounted which was included in TD as Settled in March 2019. The TD started in April 2018. Should this date not be settled at the date of the trust deed starting? 

 

Also I have a default for a bank account and debt collection agency for the same debt. Is this allowed? Should it not only have been one default for one debt ? 

 

Any advice would be much appreciated 🙂

 

If you make a GDPR complaint and send it to the CEO of the company, they tend to sort fairly quickly. There is a site where you can get email addresses for the CEO of most companies. Just Google CEO email and you will find it. Then email me them something like this;

Dear Sirs

I entered into a Protected Trust Deed on XXX  which is shown on the Insolvency Register.

Having checked my (INSERT NAME OF CREDIT REFERENCE AGENCY) report I note that the default date is shown as XXX. This is incorrect and is a breach of ICO guidelines and the Data Protection Act 1998.There should be a default date no later than the start date of my Protected Trust Deed. The guidance states;
 
Relationship of defaults to CCJs, decrees, bankruptcies, IVAs and similar
arrangements

A default can be registered for debts which the lender has also tried to recover through a
CCJ or decree.
In normal circumstances lenders will be notified when the debt that is owed to them is to be
included in an insolvency e.g. bankruptcy, IVA or similar and should be marked as included
in that by filing a default as soon as is practical.
The default date must be consistent with that of the CCJ/bankruptcy or IVA; therefore a
default should be filed as being no later than the date of the insolvency order.
 In
circumstances where the lender is not immediately aware, the default can be filed at that
point in time. If evidence of the insolvency date is provided, the default date recorded at the
CRA will be aligned. 
 
The guidance can be found here (relevant page is 7);
 
Please correct this entry within 28 days or supply me with a written reason why you will not do so.
 
 
 

 


   
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