OMG Just checked Noddle and have defaults every month for old debts PLEASE HELP

[riply88]

I have just checked my credit report on Noddle and i have 5 old debts, it has red D's on every month up until now. the original default dates range from 2006 until 2007. I have attached an example.. Is this right?? These are all from companies like lowells, cabot etc..

[dazedndconfussed]

Assuming the default was placed correctly originally , then yes it is right.

 

They will be updated every month for 6 years from the original default registration date.

[BRIGADIER2JCS]

CRA entries must be an accurate and up to date picture of the conduct of the account.

[edwincad]

Hi There,

I have just checked my credit report on Noddle , and it also shows up the same as yours. I don't pretend to know anything about these reports, but it seems if your not paying the original monthly agreed payment on your loan , you get this red late payment stamp all over it ??.

Yet I have a bigger loan than this which is defaulted, yet does not even show up on my CRA.......

[BRIGADIER2JCS]

I afraid that using Noddle is mostly useless it seems, the data is imo never up to date and often inaccurate.

Late payment markers will be placed each month the necessary payment is not made, which is correct all CRAs do the same.

[riply88]

I afraid that using Noddle is mostly useless it seems, the data is imo never up to date and often inaccurate.

Late payment markers will be placed each month the necessary payment is not made, which is correct all CRAs do the same.

 

Thanks. Although i have just checked Equifax and Experian and they do not do this for most of the debt each month, its just blank, with a red D on the default month. Also, with Experian i have an excellent Credit score, but Equifax is poor.

[Old Cogger]

Noddle update once a month.

[BRIGADIER2JCS]

Noddle update once a month.

Correct Mike BUT the data is often old, not current and imo is misleading the data subject.

[Old Cogger]

Some cases it has been said, so far mine seems near enough, like others say check all 3 sites fora true picture.

[BRIGADIER2JCS]

I use all 3 regularly for professional purposes, so keep up with the data being processed, my own file shows data relevant to a period 8-9 months ago there have been changes and these have been reported by other agencie.

[edwincad]

I afraid that using Noddle is mostly useless it seems, the data is imo never up to date and often inaccurate.

Late payment markers will be placed each month the necessary payment is not made, which is correct all CRAs do the same.

 

Thanks for the info Brigadier.I am also checking experian as well. Is there any ruling with regard to defaulted loans showing up after six years of default ..or is this an Urban Myth ??.

Regards,

Eddy

[BRIGADIER2JCS]

Thanks for the info Brigadier.I am also checking experian as well. Is there any ruling with regard to defaulted loans showing up after six years of default ..or is this an Urban Myth ??.

Regards,

Eddy

 

The ''rule'' is simple ''ALL defaults are removed on the 6th anniversary of the default date PAID or NOT''.

 

So if an entry remains after that it should be challenged immediately by writting to the data controller of the credit reference agency publishing the file, all 3 main agencies should be checked and informed of the error.

[IS IT ME?]

In the case of the likes of DCAs they default well after the date therefore surely a claim for damages must be made???

[BRIGADIER2JCS]

Generally speaking DCAs do NOT actually default accounts, they are defaulted by the original creditors and the |DCA/ Debt Purchaser then updates the file with their details BUT the original default date must NOT be changed.

The ICO states that defaults should normally be placed within 6 months of the cause of action, there can be some acceptions, later placed entries can be challenged as unfair.

[IS IT ME?]

Brigadier,

I bow to your knowledge on this matter but I have some which defaulted on in 2006 yet the debt purchaser ( or so called) put a default on in 2011 I am waiting for a SAR to come back surely this is out of order???

[BRIGADIER2JCS]

Hi check to be sure that this date is not just the date of the update by the purchaser.

If they have change the date then there is a breach of the DPA (publishing false data) and we can challenge it let me know which DCA and the exact relevant dates and I'll draft a complaint for you.