Default notice removed before 6 years up - any ideas what's going on?

[Shaunieboy]

Hi

 

Not a problem (I hope) but just checked my Equifax credit report and found that an old disputed account with Barclay's which was assigned to Capquest has just been removed.

 

I disputed the debt around a year ago and heard nothing since. Do you think they have actually conceded the account was not mine and this is the reason for removal? Seems like folks normally have to jump through hoops to get a default removed before the six year date and just wondered if there's something fishy going on (i.e. is the account being sold on to another firm who will add their own default?!)

 

Any thoughts appreciated. I don't really want to have to start all over with a new collection agency after disputing the account. I'm guessing should another agency get in touch I can just refer to the dispute with CapQuest?

 

Cheers!

[cerberusalert]

A default can only be updated by a DCA they cannot register it.

 

Is the original disputed debt older than six years irrespective of when it was registered?

[Shaunieboy]

I'm not entirely sure - the default was applied in 2009. I disputed the debt last year following a mailshot from CapQuest last December and heard nothing at all since then. It's been removed from my credit file now, Noddle had a start date of 2008 is memory serves me correctly, so it's still within a six year period.

 

Just seems odd I've not had to fight to have the Default removed is all. I'm wondering if it's heading back to Barclays, but then again, why would they remove the Default notice?

 

I suppose it's a good thing - just got me slightly confused is all.

[BRIGADIER2JCS]

My guess is that a new file entry will be made by a debt purhase company within a few weeks, this wil have the new owners name etc., BUT the default date MUST remain the same.l

[Shaunieboy]

Yeah, that's what I was thinking. I'll draft some letters today in anticipation of another new company trying to collect.

 

Quite annoying really, but I'll stick to my guns. I'll keep you posted of any developments

[BRIGADIER2JCS]

I've seen a more than a few of these happening I think many companys off load debt between now and the new fiscal year for tax purposes.

Please don't rely on Noddle for accurate up to date data imo they are often very late in updating files or don't have the info at all.

[cerberusalert]

Normally what happens when the original creditor sells the debt is the original default is marked as settled & then the purchaser continues to update as in default.

[BRIGADIER2JCS]

I have notice that of late entries have either been remove and repalced completely with new details or there are to entries ie the original creditors entry marked satisfied and the new ''owners'' entry side by side..

[rdm2006]

Hi

 

Not a problem (I hope) but just checked my Equifax credit report and found that an old disputed account with Barclay's which was assigned to Capquest has just been removed.

 

I disputed the debt around a year ago and heard nothing since. Do you think they have actually conceded the account was not mine and this is the reason for removal? Seems like folks normally have to jump through hoops to get a default removed before the six year date and just wondered if there's something fishy going on (i.e. is the account being sold on to another firm who will add their own default?!)

 

Any thoughts appreciated. I don't really want to have to start all over with a new collection agency after disputing the account. I'm guessing should another agency get in touch I can just refer to the dispute with CapQuest?

 

Cheers!

 

Is the debt yours??? if not it may have been sorted out