2 Defaults for the same debt

[treborh2812]

Hello,

At the moment, I'm combing my credit rating with a fine tooth comb as all sorts seem to be going on.

I noticed I have 2 registered defaults for the same debt. I didn't think this is possible?

Both are showing one with Barclaycard and the other with Lowell, both have exactly the same default date for the same default amount.

Should this be the case? I thought I can only have one registered default per debt?

[charitynjw]

Re: 2 Defaults for the same debt

Hello,

At the moment, I'm combing my credit rating with a fine tooth comb as all sorts seem to be going on.

I noticed I have 2 registered defaults for the same debt. I didn't think this is possible?

Both are showing one with Barclaycard and the other with Lowell, both have exactly the same default date for the same default amount.

Should this be the case? I thought I can only have one registered default per debt?

Hi trborh2812 & welcome to LB.

Who are the current 'owners' of the alleged debt?

If Lowell, have you received a Notice of Assignment?

[Nibbler]

Re: 2 Defaults for the same debt

From the ICO.

CRA Defaults - Recording of defaults relating to debts that have been sold.

The practice of selling/buying debts is widely used. As long as the information is correctly recorded on a credit file by the lender selling the debt and the lender buying the debt, then two entries relating to one account would not be considered to be a breach of the Data Protection Act provided that:-

• both recorded entries are shown as being in relation to the same account/debt;
• the original debt entry should be shown on the credit file as being either ‘settled' or ‘zero' balance and should show that the debt has been ‘re-assigned’;
• the new DC who shows the debt in their name should maintain the original default date and the correct balances;
• the retention period for maintaining the information on a credit file should be based on the original default date regardless of who is responsible for the entry/debt.