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clint1974

Equifax reporting on accounts that were included in BR

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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?


Currently Reclaiming PPI

Santander (Evans Store Card)

MBNA (A&L Credit Card)

RBS (Natwest Loan) Settled

Bank Charges Reclaimed

RBS Bank Acc £1750 Settle In Full 16/10/2006

RBS Credit Card £132 18/09/2006

Bankrupt May 2009

 

"I feel sorry for people who don't drink. When they wake up in the morning, that's as good as they're going to feel all day.”

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Queried with CRA awaiting response.

Edited by clint1974
wrong thread

Currently Reclaiming PPI

Santander (Evans Store Card)

MBNA (A&L Credit Card)

RBS (Natwest Loan) Settled

Bank Charges Reclaimed

RBS Bank Acc £1750 Settle In Full 16/10/2006

RBS Credit Card £132 18/09/2006

Bankrupt May 2009

 

"I feel sorry for people who don't drink. When they wake up in the morning, that's as good as they're going to feel all day.”

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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.


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Advice & opinions given by citizenb are personal, are not endorsed by Consumer Action Group or Bank Action Group, and are offered informally, without prejudice & without liability. Your decisions and actions are your own, and should you be in any doubt, you are advised to seek the opinion of a qualified professional.

 

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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.


Have we helped you ...?         Please Donate button to the Consumer Action Group

 

Uploading documents to CAG ** Instructions **

 

Looking for a draft letter? Use the CAG Library

Dealing with Customer Service Departments? - read the CAG Guide first

 

1: Making a PPI claim ? - Q & A's and spreadsheets for single premium policy -

HERE

2: Take back control of your finances -

Debt Diaries

3: Feel Bullied by Creditors or Debt Collectors?

Read Here

4: Staying Calm About Debt

Read Here

5: Forum rules - These have been updated -

Please Read

 

 

BCOBS

 

2: Does your Bank play fair - You can force your Bank to play Fair with you

3: Banking Conduct of Business Regulations - The Hidden Rules

4: BCOBS and Unfair Treatment - Common Examples of Banks Behaving Badly

5: Fair Treatment for Credit Card Holders and Borrowers - COBS

 

 

 

Advice & opinions given by citizenb are personal, are not endorsed by Consumer Action Group or Bank Action Group, and are offered informally, without prejudice & without liability. Your decisions and actions are your own, and should you be in any doubt, you are advised to seek the opinion of a qualified professional.

 

PLEASE DO NOT ASK ME TO GIVE ADVICE BY PM - IF YOU PROVIDE A LINK TO YOUR THREAD THEN I WILL BE HAPPY TO OFFER ADVICE THERE:D

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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.


Currently Reclaiming PPI

Santander (Evans Store Card)

MBNA (A&L Credit Card)

RBS (Natwest Loan) Settled

Bank Charges Reclaimed

RBS Bank Acc £1750 Settle In Full 16/10/2006

RBS Credit Card £132 18/09/2006

Bankrupt May 2009

 

"I feel sorry for people who don't drink. When they wake up in the morning, that's as good as they're going to feel all day.”

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