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Bankcrupcy effects on default amounts


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Hello,

 

I'm hoping someone can shed some light on what I should expect to see in my credit report post bankcrupcy.

 

I declared bankcrupcy in August 2005 and included all creditors as per usual. Included in this was a CCJ I received literally days before the insolvency date. The amount was for £964.

 

I've just received my Experian Credit File and it includes 3 defaults as follows:

 

- The first one was for Egg, which was an outstanding amount on a credit card. The default is shown as 'satisfied' with no balance outstanding.

 

- The second is for AKTIV KAPITAL for a default amount of £802 and the balance outstanding £964, so not satisfied. This one ties up with the CCJ amount mentioned above.

 

- The third is for LINK FINANCIAL for a default amount of £9278 and the balance outstanding £2698, so not satified. This amount ties up with an amount outstanding when I handed back my car although the agreement was with GE Capital (?). I subsequently found out that the car was sold for around £7000-ish so this ties up.

 

All three of these were included in my insolvency paperwork so I have assumed that all the debt associated with these have been 'written off' as part of the bankcrupcy.

So why does the 1 show as 'satisifed' in terms of maney owed whereas the other 2 shows that I still owe this money?

Also is this worth chasing up?

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Many thanks for your reply Buzby, it is very much appreciated.

If I am unsuccessful at having these amended, what happens after the 6 year drop off period with these debts?

Do they just drop off into oblivion as well?

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It only gets worse, I've now done Equifax and I have no fewer than 7 'unsatisfied\unsettled' agreements, including 3 from LLoyds bank that were entered AFTER my bankcrupcy date.

 

All of these were included in my insolvency documentation.

 

Do I write to Equifax as well?

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Yes to both - I should say that they don't actually 'drop off' - they remain part of your consumer history, it is simply that the CRA isn't allowed to provide the information externally.

 

However, if the police ask - OR if the ICO agrees to 'assist in fraud prevention' or 'responsible lending' (or some other fabricated excuse) and the limit is raised from 6 to (say) 10 years, all those old bits of information will reappear, which is why I NEVER use the phrase 'drop off'.

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