Have you been defaulted twice for the same debt?
Duplicate defaults for the same debt seem to be a common occurence. Typically, a creditor will register a default for a debt - even a bank charges debt. At some point they sell the debt on and the first thing that the new creditor does it to llodge another default.
We beleive that this is unfair and ir probably not permitted.
Double defaulting is a type of double jeopardy. Furthermore, the frist default lasts for 6 years. The second default will last for a further 6 years. Given that there will be some overlap between the two, it means that at some pint there will actually be two simultaneous defaults registered agsint the same debtor and when the first expires, the second one will continue for its 6 year term.
This means that a default could be in place for 8 or nine years or longer!
We have even seen one or two cases where the debt has been sold on again resulting in a third default which means that a negative entry in respect of the same debt has been in place on the credit register for anything up to 14 years or so. Has this happened to you? Wouldn't you like to try and tackle it?
Come and tell us about it. No promises, but maybe something can be done.
Tell us about it here