Credit Reports not showing all debts/data

[hermit]

I have just registered for the free credit reports from both Experian and Equifax, and they show very few of my debts...

 

I have a large number of debts (£13k) which mostly defaulted around 2004/5 which I am currently paying back to various debt management companies. A few I'm told are still owned by the original lenders/banks, but managed by DMC's. I expected this information to be on my files, to show who actually owned the debt. But it's not?

 

A Barclaycard, which was repaid two years ago through is still showing as having a balance of over £600 and a debt to LLoyds which I'm still paying is shown as settled in October 2007? One other debt that has a balance of over a £1000 is shown as being only £800 and the rest are missing!

 

Equifax also show's that Wescot did a credit search on my file earlier this month, which I never authorised, is that normal?

[BRIGADIER2JCS]

i have just registered for the free credit reports from both experian and equifax, and they show very few of my debts...

 

I have a large number of debts (£13k) which mostly defaulted around 2004/5 which i am currently paying back to various debt management companies. A few i'm told are still owned by the original lenders/banks, but managed by dmc's. I expected this information to be on my files, to show who actually owned the debt. But it's not?

 

A barclaycard, which was repaid two years ago through is still showing as having a balance of over £600 and a debt to lloyds which i'm still paying is shown as settled in october 2007? One other debt that has a balance of over a £1000 is shown as being only £800 and the rest are missing!

 

 

Hi,

 

the debts don't show as all defaults drop of the files paid

or not after 6 years.

 

If any of the debts have had 6 clear years without any

payment or written acknowledgement then they would be statute barred.

The dmp wont show either.

The credit search i suspect is a tracing search perhaps on one of

the''dormant'' debts, you will have given permission for searches

under the t's & c's of an original agreement in the past, nothing unusual.

 

Equifax also show's that wescot did a credit search on my file earlier this month, which i never authorised, is that normal?

 

yes

[hermit]

Are they allowed to do a credit check without my permission?

[BRIGADIER2JCS]

Yes, you will in any credit agreement have signed that

you agree that information about the account will be

be put on credit reference agencies.

[hermit]

And that allows them to do a credit search as well? I have ever signed anything with Wescot, but they mange a couple of my debts.

[BRIGADIER2JCS]

You don't need to sign anything from

Westcott, all agreements will state that

when you sign accepting the terms and

conditions of the original agreement that

you are agreeing that your data will be

''shared'' with credit reference agencies,

the creditor may sell or assign the debt

to any third party ie., a debt collection

agency or debt purchase company.

[hermit]

Ok thanks, I was just a bit surprised to see credit searches carried out in the last few weeks when I hadn't authorised anything.

[BRIGADIER2JCS]

If you have accounts with Westcott, I expect

they're checking to see if you have any new

credit accounts, or anything paid off so they

can ask you to pay more.