Loan pre-bankruptcy still on Credit Record

Stuboy

Frequent Poster
Howdy,

I'll keep this short.
Wife (former bankrupt) applied for a loan, was refused and called by bank.
Have found an old credit union loan (included in bankruptcy) still being recorded on credit report.
ISI have instructed us to write to the CU and request correction.
has anyone experienced similar? was it much hassle with the lender to get resolved?

Cheers
 

RedOnion

Frequent Poster
Surely bankruptcy doesn’t delete one’s credit record?
it doesn't delete the credit history, but it sounds like the loan is still outstanding in OPs case.
CU needs to close the loan, and then amend the CCR record. Only the CU can do this.
 

Stuboy

Frequent Poster
Yes, the issue is that this one loan is showing as still active wiht payment schedule being missed in 2019, when the loan should be closed as of bankruptcy date as is the case with the other loans of that period. this is the only loan that there is an issue with. all others were closed off at the bankruptcy date.
 

Stuboy

Frequent Poster
Just in case anyone encounters a similar issue...
The ISI recommendation is a complaint tot he data protection commissoner (done)
and also a letter to the institution to rectify (also Done - but they're crying off with the 'there must have been an IT problem' excuse at the moment)
I'll update on the resolution and how straightforward it is (or isn't)
 

breakonthru123

Registered User
..the loan should be closed as of bankruptcy date as is the case with the other loans of that period.
Hi @Stuboy, could you qualify what ‘date’ you’re talking about? Date bankruptcy was declared originally in High Court OR later date of exiting bankruptcy?

(My wife and I should be exiting bankruptcy in early July, so if it’s the former ‘bankruptcy declaration date’ then we too should seek our credit reports and ‘correct’ any loans still presumed ‘active’.)
 
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