MSE - Defaulted student loan sold, can they put back on cred

[Legal Beagles]

Posted by Experian company representative ( James Jones) I promised to look into this issue and I can now provide clarification. To recap, in relation to student loans and credit reports, there’s been a discussion and a degree of concern over whether accounts that defaulted in the past can, if sold on, be defaulted again […]

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[Nibbler]

Re: MSE - Defaulted student loan sold, can they put back on cred

Same principle applies to any sold on debt. Not just student loans.

There had been some cases where the ICO had advised people that it was OK for a debt buyer/collector who purchases a debt and cannot agree payments with the debtor, to add another brand new default for another 6 years once the original had dropped off.

Has now been cleared up there that this very worrying advice from the ICO was incorrect.