Statement from creditor shows balance still owing even though I am discharged

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Mazbee

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Post by Mazbee » Fri Mar 16, 2018 9:56 am
Hoping someone can help. I received my Form 5 and I was discharged 06 Mar 2018. I have received a statement from on of my creditors from the 13/02/2017 to 12/03/2018 showing I still have an outstanding balance. The letter does state it's not a demand for payment and no action is required, but I am very worried about it. Thought this nightmare was over.

Thanks

Foggy

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Post by Foggy » Fri Mar 16, 2018 10:09 am
Creditors deal with defaulted accounts in different ways. A common way is to set up a dummy account for incoming payments during a debt solution, which leaves the "real" account in limbo and somewhat meaningless, often with out of date balances. Once the completion of the arrangement has filtered through their systems they should close the account and statements will simply stop. It is highly unlikely that you will ever get a "clear" or "settled" statement. I would do as the statement suggests and take no action at this stage.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
Visit my blog here : http://foggy.blogs.iva.co.uk/

Lisa Thomas

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Post by Lisa Thomas » Tue Mar 20, 2018 10:08 am
You might find this quick video I made about cleaning up your credit record useful:

https://youtu.be/PV4RzUY4BRM
Noddle and Clearscore are also free credit agencies to consider using:

https://www.noddle.co.uk/
https://www.clearscore.com/
I'm a licensed IP with 16+ yrs at Neville & Co covering the South West area. I have a YouTube channel with advisory videos on here: https://www.youtube.com/channel/UCMPTTu ... Z5k9ZcC2MA http://www.nevilleco.co.uk 01752 786800 Lisa@nevilleco.co.uk
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