Marlin Finance and overdraft

[5imeon]

Hello all, first time poster,

 

I hope someone on here can offer some advice to my current situation.

Right, here it is.

2 years ago i ran up an overdraft with the Yorkshire bank (£2000) a nasty split and losing my job saw me bury my head in the sand and basically run away from my problems. (went to Oz for 6 months).

 

I then came back to the UK and contacted all my creditors to arrange payment.

I had a loan and overdraft with the yorkshire bank which they agreed to a payment plan on.

 

This was all going fine and i was sticking to the agreement untill one day out of the blue they sent me a letter saying they had sold both debts to Marlin financial.

 

This last week i have dared check my credit report and saw that there is a default on there for the overdraft but not for the loan. In fact there is nothing on there about the loan at all.

i was unsure of whether the DCA can place defaults on your credit report?

 

Any help on this would be great.

 

Thanks,

[dx100uk]

only under the t&c they inherit

 

dx

[5imeon]

Hello dx,

 

Ok, so Marlin have essentially bought everything to do with the overdraft?

Am i right in thinking they could then default the loan also?

 

That would be annoying as i am paying them more each month for the loan than what the original amount was with the Yorkshire bank!

 

Thanks for your reply.

 

sim

[dx100uk]

i think it would be wise to give us the full history & sums involved

 

something smells here.

 

dx

[5imeon]

Hello dx,

 

Ok, i will post as much pertinent info as i can.

 

The loan that yorkshire bank sold on to Marlin:

This was for £8500 this is an unsecured loan from 3 years ago.

I am currently paying £250 a month on this and have it down to £4250. There is no info on Experian relating to this loan at all.

 

The overdraft was with Yorkshire bank also before being sold to Marlin.

 

This was for £2114.

I am currently paying £25 a month towards this as i cant really afford to pay any more on this one.

the details on this are below:

Company name: MARLIN FINANCIAL SERVICES

Account type: Current Account

Started: 02/10/1995

Default Balance : £2,114

Current Balance : £1,784

Defaulted On : 18/08/2009

File Updated for the Period to: 30/01/2011

It just seemed strange to me that Marlin are really pushing for higher payments on the loan when there is no CRA info about it on my report. They also turned down a settlement figure of £500 on it.

Any help/advice on this would be great

Thanks

Sim,