By law, which default date is used?

[JimLFixit]

If there is a sequence of events like:

 

1) On asking for overdraft, Bank collect input/output data then withdraw banking facilities. Issue default notice to encourage formal Debt Management Plan with CCCS for outstanding loans and credit card balance

2) Enter DMP, maintain monthly commitments for 2.5 years

3) Unemployment and figure still outstanding changes CCCS advice to go to Bankruptcy. Duly executed.

 

there is obviously a big black "B" stain on the credit files for six years, effective the date of (3). However, if said bank then choose to log the debt with the big three CRAs, is the associated "default" the date of (1) or (3) above?

 

I recollect seeing "first default" as the guideline (or law). Am I imagining this?

[Jesteruk]

It only goes by the date the default was placed on your file.

Normally it would show company details,date defaulted, and date updated.

[JimLFixit]

Thankyou. They entered the default date as having occurred two weeks after Bankruptcy, but waited until I was discharged a year later and then retrospectively put it on.

 

I've seen elsewhere that it's either the date of the B event or date of the last payment made, so it looks like my credit file is okay.