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Lowell - credit score

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  • Lowell - credit score

    Hi can anyone help.

    I have just checked my credit score and I have a new defualt for this month and date this year from Lowell from a debt that is statute barred, can they do this!?!?!?
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  • #2
    Re: Lowell - credit score

    Is this an actual new default, or do you mean a status history update on an already existing one (the row of DDDDs or 8888s)?

    An actual new default record on a statute barred debt would be wildly inaccurate, and therefore a breach of ICO guidelines and DPA/principles.

    A status update on a historical entry, even if only recently put in Lowells name, could be OK as long the original default date is a fair and accurate one. CRA entries can legitimately remain and be updated for some months after debts are actually statute barred, depending on the original timing of things.


    • #3
      Re: Lowell - credit score

      Statute Barred only means that a debt cannot be enforced via the courts,
      it still exists and remains payable and collectable.
      If a default has " time to run" it will remain for the full six years from the
      default date after which it will be removed paid or not.

      Lowell will only have updated information placed by the original creditor
      the default date remains that registered by the OC.

      The " new" date will be the date Lowell acquired the debt and updated the files.
      Is Lowell chasing this?
      If you are contacted by Lowell you just inform them the debt is SB and you will
      not make any payment.

      Just for clarification :

      Statute barred in England and Wales = 6 clear years with no payment or written acknowledgment of the debt, the start of the 6 years is usually taken as the date a contractual payment was due and not made after which no further payment or unequivocal written acknowledgment was ever made, this would apply to a credit/store card account.
      For a bank account the start would be the date the creditor first demands immediate payment of the debt in full, this also applies to unsecured loans.




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