Back in 2008 I entered into a DMP with PayPlan,
at that time I had 5 creditors, 2 of which were MBNA.
I have now repaid in full all of my creditors.
During this time MBNA passed my 2 accounts to Moorcroft Debt Recovery,
no defaults were issued and as far as I can recall I did not receive any notice of assignment.
After passing to Moorcroft payments continued to be paid by Payplan.
Soon afterwards 2 DMP flags appeared on my credit file,
in addition the balance was being updated on a monthly balance, showing a reducing balance.
I understand that these DMP flags will remain for 6 years from last payment.
What I am trying to find out is are Moorcroft allowed to update my credit file if they are not the original creditor?
Or if it has not been assigned to them.
I thought only licenced credit agencys could update your files.
Bottom line is I would like to find a way to remove the DMP flag
and I thought if MBNA passed the debt to Moorcroft and debt is now settled
I could request the removal of the DMP flag as it was only applied after Moorcroft took over the debt
and who are not allowed to update the CRA as not licenced.
I hope it makes sense.
Thanks in advance for any advice.