@equifaxuk Equifax reporting on accounts that were included in BR

[clint1974]

After 6 years my Bankruptcy has finally been removed from my credit file. A default for one of the loans included also gone. However I have an old RBS bank account and loan account that for some reason weren't defaulted but were included in the BR that are still showing on my Equifax credit report as partially settled. I would like to get these removed. What are the chances?

[clint1974]

Queried with CRA awaiting response.

Edited March 31, 2015 by clint1974
wrong thread

[citizenB]

I would have thought that anything included in the BR would have been removed along with the BR reporting ?

 

I will try and find someone who can help.

[citizenB]

Here you go.. does this help ?

 

 

Default date MUST be NO LATER than (date of the Bankruptcy)

 

Settlement date (where shown) MUST be NO LATER than (date of Discharge)

 

How insolvency should be recorded

After you go bankrupt:

 

Bankruptcy will be shown in the Public Record section of your credit record (for an explanation of the different parts of your credit record, see this Experian page ). It can sometimes take a few weeks for the entry to appear, but when it does, the date on it will be the date of your bankruptcy petition.

If it hasn’t already been marked as defaulted when you go bankrupt, an unsecured debt should be marked as defaulted with a default date of your bankruptcy petition. This can take quite a while to happen as the Insolvency Service has to inform the creditor who then informs the Credit Reference Agencies (CRAs).

the situation with a secured debt such as a mortgage is slightly more complicated.

If you carry on paying your mortgage, not falling into arrears, then a default should not be recorded.

If you have stopped paying the mortgage before bankruptcy or when you go bankrupt and a default should be recorded with the bankruptcy date.

If you initially carried on paying the mortgage after bankruptcy but later stopped, the default date should be the date you went bankrupt, see ICO guidance in 2007 which stated:

“[paragraph 14] [if the loan has been included in a bankruptcy] the default should be filed in accordance with the guidance in paragraphs 47 – 48

[paragraph 48] If the customer stops payment at a later stage, the default recorded should show the date of the IVA or bankruptcy and the fact that it was settled only by IVA or bankruptcy…”

There will be no change for any debts which have already been marked as in default or for CCJs.

 

When you are discharged:

 

The Insolvency Service will notify the CRAs who will add this to the Public Record section. This doesn’t remove the bankruptcy note – that will stay on your record for six years.

The debts included in your bankruptcy should be marked by the creditors “to show that you no longer owe money on that account (perhaps by marking the entry as ‘partially satisfied’ or ‘partially settled’ or in some other way)” (quote from the Information Commissioner’s Office).

After six years everything vanishes and your credit rating will improve:

 

The bankruptcy marker will drop off your credit record.

Defaulted debts will drop off six years from the default date, so some of these will probably have disappeared already, but the rest should go at the same time as the bankruptcy marker.

CCJs drop off six years from the judgment date, so they will also be gone six years after date of your bankruptcy petition.

[clint1974]

If it hasn’t already been marked as defaulted when you go bankrupt, an unsecured debt should be marked as defaulted with a default date of your bankruptcy petition. This can take quite a while to happen as the Insolvency Service has to inform the creditor who then informs the Credit Reference Agencies (CRAs).

 

This is the problem as far as i can see as the 2 accounts showing arent showing as defaulted, although another loan was and has been removed. The 2 offending accounts were with RBS and were a loan & current account. So as i understand it these should be marked as default & no longer show. I spoke with 1 of the CRA's today and they said they would ask for there amendment but will require a copy of the BR order as RBS will ask for it before amending.