- Fri Feb 15, 2008 1:00 pm
Yes they are correct in what they are saying, but (And this one I like
) recent small print in both Eqifax and Experian terms and conditions say that in bankruptcy, the account will fall off 6 years from the date of the original default or the settlement date (partial Settlement date), which ever occurs first!!
So assuming the default was the date of your bankruptcy, and the account was marked partially satisfied with a debti balance of £18500 on AD date (one year later) Eperian and Equifax are indicating that the account will fall off from the date of the default (i.e. 6 years from bankruptcy and not six years from discharge).
Unfortunately we haven't been able to test this out yet, as no one has yet achieved the 6 years since bankruptcy under these new T&C's, but at least there is light at the end of the tunnel.
I am awaiting confirmation of this, so it may then lead us to having to chase the original creditor soon after bankruptcy to get them to mark the account account defaulted, and then chase again after discharge to get the account marked as settled, however from what i have been able to see most are automatically marking the default and then amending it to settled, but this still leaves the default signature there for the CRFs to act on (we just cant see it!)