Old Lloyds overdraft sold to Arrow Global

[yakky 1]

Husband and I have finally saved deposit to buy our house and seen a house we like so I checked my credit reports before we give the mortgage broker the thumbs up! 

 

I knew something would come and bite me on the bum! 

 

I had an overdraft with lloyds which I have not accessed since 2013. They have sold to Arrow Global who have put a big fat default on my account. It shows on my transunion credit report as pasted below. Defaulting in April 2020.  

 

I did not change my old address with them. I am unsure how to approach this as cannot be sure it is statute barred as it is an overdraft (even though I have not touched it, acknowledged it since 2013). The default date shown is Nov 2015 but not reflected in the way Arrow Global are sticking the defaults on. Should I send a 'statute barred' or 'prove it' letter? Should I dispute with the credit reference agency? I am unsure! 

 

I would like the default off the account the quickest way possible to have a clean credit report! 

 

 

OVERVIEW

 

Account type

Current Account

 

Status

Default

 

Account number

 

 

Last updated

2020

 

Start date

 2008

 

 

PAYMENT INFORMATION

 

Opening balance

£1,199

 

Repayment frequency

Monthly

 

Date of default

Nov 2015

 

Promotional rate

No

 

 

PAYMENT HISTORY

 

	J	F	M	A	M	J	J	A	S	O	N	D
2020				D	D	D	D	D	D	D	D	D

 

 

OK

 

Missed payment

--

No data

D

Defaulted

 

 

BALANCE OVER TIME

 

Your balance has not changed since Jan '20.

 

APR '20 | £1199MAY '20 | £1199JUN '20 | £1199JUL '20 | £1199AUG '20 | £1199SEP '20 | £1199OCT '20 | £1199NOV '20 | £1199DEC '20 | £1199£1299£0JAN '20JAN '21

[dx100uk 9,636]

arrows didn't file the default lloyds did on or before the sale date.

 

it might pay you to either look online at your lloyds A/C, some accounts there allow you to see old statements.

if not you'll have to SAR lloyds.

 

if what you say that you've not touched the A/C since 2013 ...

for the ICO guidelines that were in-force at the time - which states a default should be registered within 3-6mts, I'd complaint to lloyds that it is unfair. and they might well move it to an earlier date.

i've seen lloyds do this.

so the A/C will vanish from the report as the default has reached it's 6th B'day.

 

i've also seen arrows agree to remove the A/c too if an F&F is offered.

 

all of this should only ever be done in writing.

 

just a side not, a broker shouldn't be holding you to ransom for a single default. 

even most prime lenders ignore a single default in todays market.