Lowell reporting to CRA

[Noah]

Hi
Just a quick question

If a debt purchaser has written telling you that

While it is still our belief that the outstanding balance in due and owing, I have taken the decision to close your account. This is done without any admission of liability or wrongdoing.This means that we will no longer contact you regarding this account.

Does this still give them the right to keep recording a default on your credit file.

This letter was written in December 2014 and I have only just seen that they were reporting it as being in default as of Jan 16

Its not a great problem for me as I have one other default on my file but I was just curious

[nemesis45]

Re: Lowell reporting to CRA

Hi
Just a quick question

If a debt purchaser has written telling you that



Does this still give them the right to keep recording a default on your credit file.

This letter was written in December 2014 and I have only just seen that they were reporting it as being in default as of Jan 16

Its not a great problem for me as I have one other default on my file but I was just curious

Unfortunately yes they can report to CRA's as Lowell did not originate the default which was placed by the original creditor they will not remove it
and it continues to be on credit files until the 6th anniversary of the default when it is removed paid or not.

The debt purchasers decision to close the file is probably a commercial decision base on the possible costs of collection/ litigation and does
not alter the fact an account was defaulted and remains unpaid.

nem

[Nibbler]

Re: Lowell reporting to CRA

Do you belive the debt or account is not yours, or that the dates used are inaccurate?

[Noah]

Re: Lowell reporting to CRA

Thanks

No it is my debt however Lowells closed the account possibly because the CCA request was incomplete and the Default Notice was not in the correct format and would not have satisfied a court , or at least that is what i told them

[charitynjw]

Re: Lowell reporting to CRA

Do you belive the debt or account is not yours, or that the dates used are inaccurate?

Thanks

No it is my debt however Lowells closed the account possibly because the CCA request was incomplete and the Default Notice was not in the correct format and would not have satisfied a court , or at least that is what i told them

And?

[Noah]

Re: Lowell reporting to CRA

And what?

[Nibbler]

Re: Lowell reporting to CRA

Are the dates they've used for the default etc accurate?

[Noah]

Re: Lowell reporting to CRA

Sorry to be honest I had never really looked.
The letter entitled notice of default was dated 9th sept 2011 and gave me until 29th sept . It reads as if there should have been something with it but there wasn't. I stapled the envelope to the letter and saved it.
The default recorded was 31st Jan 2012. It's only a couple of months wrong.
It was sold in Feb 2013

[Nibbler]

Re: Lowell reporting to CRA

OK. Had to check, as Lowells, at least in the past, played funny games with putting default dates more recent than they should be. A few months out is probably within guidelines.

[Noah]

Re: Lowell reporting to CRA

Thanks Nibbler
The letter was a bit odd in that it gave the amount I needed to pay and a date to pay it but also said 'We enclose a formal notice of default issued in accordance with the consumer credit act'

It wouldn't surprise me if at some point Lowell try to sell the account on but I will deal with that as necessary

[beaconsman]

Re: Lowell reporting to CRA

DOnt worry, Lowlifes have done the same thing to me, although it is THE last default on my cf. Vanquish are refusing to repay me the horrific charges levied not he account, so am fighting that one, they dont seem to figure that by paying the charges back, will in essence write the debt off! Maybe why they are being stubborn..onwards and upwards..

[nemesis45]

Re: Lowell reporting to CRA

A Default placement ( Registering it with Credit Reference Agencies can be up to 6 month after a DN is issued.

nem

[beaconsman]

Re: Lowell reporting to CRA

Although still on my CF, now shows as settled (06-11-15) Now chasing Vanquish for re imbursement.

No more! yey!..lol

Only 3 showing on my CF now, all active, all in Green!

[beaconsman]

Re: Lowell reporting to CRA

And what if you have never even had a DN?

[Noah]

Re: Lowell reporting to CRA

Receiving a DN and it appearing on your credit file are two different things