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OC did not report default but Lowell have?

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  • #1

    OC did not report default but Lowell have?

    Hi all. I am currently paying off a shop direct debt to Lowell. SD did not report the default originally. Now when I look at my file it shows a default to Lowell. It looks roughly the correct date for default (Jan 2012) but can Lowell report this? I thought they could only make changes to original report if there was one.
    Thanks in advance.
    Tags: None
  • #2
    Re: OC did not report default but Lowell have?

    If a debt is sold to a debt collector, then the new creditor should use the same default date as the original creditor did.
    http://debtcamel.co.uk/debt-default-date/
    CAVEAT LECTOR

    This is only my opinion - "Opinions are made to be changed --or how is truth to be got at?" (Byron)

    You and I do not see things as they are. We see things as we are.
    Cohen, Herb

    There is danger when a man throws his tongue into high gear before he
    gets his brain a-going.
    Phelps, C. C.

    "They couldn't hit an elephant at this distance!"
    The last words of John Sedgwick

    Comment

    • #3
      Re: OC did not report default but Lowell have?

      Thanks. So even if the original account and default was not on my credit file at all, Lowell can start reporting it because they now own the debt? Seems unfair when you make an effort to pay a debt and SD didn't report it to any agencies. 😔

      Comment

      • #4
        Re: OC did not report default but Lowell have?

        It is purely a commercial decision for the original creditor or a 'new owner' (assignee) whether to report it to a CRA or not.
        CAVEAT LECTOR

        This is only my opinion - "Opinions are made to be changed --or how is truth to be got at?" (Byron)

        You and I do not see things as they are. We see things as we are.
        Cohen, Herb

        There is danger when a man throws his tongue into high gear before he
        gets his brain a-going.
        Phelps, C. C.

        "They couldn't hit an elephant at this distance!"
        The last words of John Sedgwick

        Comment

        • #5
          Re: OC did not report default but Lowell have?

          Okay thanks. Looks like I'm just going to have to sit it out for 15 months then. Thanks for confirming.
          • 1 thank

          Comment

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