- Sat Nov 28, 2009 7:56 pm
This is since Jan 2007
Due to an agreement or ruling by the Information Commissioner regards marking accounts as Settled or Satisfied or to indicate in another way that you have fulfilled your obligations to that lender, it is now allowable for former creditors / DCA's to mark the files as "partially Satisfied or Settled" and it is permissible for them to do this by adding a "note of correction."
If they choose to add a "note of correction", then this has the effect of automatically stopping automatic credit scoring, and the scoring has to be done manually.
Some creditors will still mark the account as fully settled or satisfied, others will mark it as partially settled or satisfied, and others will add a note of correction, this is now in line with the agreement by the IC and there is no appeal against this unless you can show that the account has been settled in full.
But on the plus side, with all account marked the date of the bankruptcy all will drop off on the 6th anniversary of the bankruptcy.
Please note that this will not stop former bankrupts or IVA holders obtaining facilities after discharge, but it will make it harder if notes of correction are present