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Moon phases
Will a debt purchaser register a new, more recent default?
4 posters
Page 1 of 1
Will a debt purchaser register a new, more recent default?
Good morning all :-)
Sorry if this a stupid question, but here goes haha.
Once a default (and therefore includes a DATE) is registered by an original creditor (eg bank / credit card provider); if debt purchaser buys the alleged debt, is a new default registered (and therefore an new DATE too)?
Thank you.
Rgds
MrBlue2017.
Sorry if this a stupid question, but here goes haha.
Once a default (and therefore includes a DATE) is registered by an original creditor (eg bank / credit card provider); if debt purchaser buys the alleged debt, is a new default registered (and therefore an new DATE too)?
Thank you.
Rgds
MrBlue2017.
Mrblue2015- Moderator
- Posts : 2470
Join date : 2017-06-11
Re: Will a debt purchaser register a new, more recent default?
I would think not,but its only my take on it.
The original alleged debt was defaulted on X date ,later assigned (sold) to purchaser but must be still
the same debt as the purchaser has not lent you anything. So unless you admit to, or make a payment
to the purchaser that you owe them a debt ,it cannot be another debt .
Also to avoid any debt becoming SB, purchasers would after about 5/12 years exchange the debts with each other
and the cycle would never end.
Just my opinion ,but I have been wrong twice before in my life.
The original alleged debt was defaulted on X date ,later assigned (sold) to purchaser but must be still
the same debt as the purchaser has not lent you anything. So unless you admit to, or make a payment
to the purchaser that you owe them a debt ,it cannot be another debt .
Also to avoid any debt becoming SB, purchasers would after about 5/12 years exchange the debts with each other
and the cycle would never end.
Just my opinion ,but I have been wrong twice before in my life.
daveiron- Admin
- Posts : 4919
Join date : 2017-01-17
Re: Will a debt purchaser register a new, more recent default?
Thanks Dave :-)
Regarding your last bit about purchasers selling on to other purchasers; are you implying that that would then be a case where the default date is reset? Or that this happened in the past and the FCA or whoever has closed a loop hole?
Thank you
Regarding your last bit about purchasers selling on to other purchasers; are you implying that that would then be a case where the default date is reset? Or that this happened in the past and the FCA or whoever has closed a loop hole?
Thank you
Mrblue2015- Moderator
- Posts : 2470
Join date : 2017-06-11
Re: Will a debt purchaser register a new, more recent default?
No just my opinion that if a default date was entered by the DCA (other than the one from the OC) then in theory
DCAs could prevent SB ever occuring. Which i am sure is not the case.
DCAs could prevent SB ever occuring. Which i am sure is not the case.
daveiron- Admin
- Posts : 4919
Join date : 2017-01-17
Re: Will a debt purchaser register a new, more recent default?
Ok gotcha - thought as much :-)
Thanks again!
Thanks again!
Mrblue2015- Moderator
- Posts : 2470
Join date : 2017-06-11
Re: Will a debt purchaser register a new, more recent default?
Agree with Dave here, to register another default it must be another alleged debt and if the same alleged debt it sold on or passed to different companies for collection, then it is the same alleged debt,
In point of fact, if they tried to register another default for the same debt then it would be fraud and you could hit them with a claim that fast that their scrotum would end up behind their ears.
In point of fact, if they tried to register another default for the same debt then it would be fraud and you could hit them with a claim that fast that their scrotum would end up behind their ears.
assassin- Admin
- Posts : 3572
Join date : 2017-01-28
Location : Wherever I Lay My Head
Re: Will a debt purchaser register a new, more recent default?
Haha! Brilliant, thank you assassin and daveiron again :-)
Mrblue2015- Moderator
- Posts : 2470
Join date : 2017-06-11
Re: Will a debt purchaser register a new, more recent default?
once the debt has defaulted with the original creditor then any purchasing DCA can change the name of the creditor with the credit reference agencies
but they cannot change the default date registered, they have been known to quite frequently do it but should not be, i am sure there is a case law on this somewhere
but they cannot change the default date registered, they have been known to quite frequently do it but should not be, i am sure there is a case law on this somewhere
waylander62- dedicated
- Posts : 1262
Join date : 2017-10-03
Re: Will a debt purchaser register a new, more recent default?
Yep that makes sense, thanks Waylander62
Mrblue2015- Moderator
- Posts : 2470
Join date : 2017-06-11
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