Transaction Summary Statement - what a t*t!

[technick]

Hello guys:)

 

Just returned from a long stint overseas and walked into Santander to open a bank account on Wednesday. I stupidly forgot that my account was written off in late 2009 with 490.00 inside.

 

The clerk noticed a closed account and pulled me to one side to confirm the situation and advised it would be wiser not to try and reopen a new account and would be much better off going elsewhere (good of her to be open and honest)

 

Within two days of my visit I have received a Transaction Summary Statement. I've already researched what this letter is used for so issues there. They have also managed to date back the opening balance to last year? ( I haven't had any correspondance with this account since 09)

 

My worry is that the bad debt is now reopen for a Debt Collection agency to chase and has been readded to my credit file which I believe should have been cleared 5 years afterwards (2014 for Scotland)

 

Are the agencies still able to recover?

 

Any help would be greatly appreciated!

 

Cheers,

Nick

[Bazooka Boo]

Have you checked your credit files?

 

One an entry has dropped off your CRF then it can never reappear, not unless they want to pay you compo (4 figures!)

 

If you are 100% certain that the last payment was in 09, then it will be SB and nothing can unbar it.

Are you saying they still have £490. of your money, or the account was 490 in the red?

[technick]

Nice one Bazooka! I owe them the 490 although it shows as CRD on the statement. I have an experian credit score of 951 from 2012 which bizarrely doesn't show Santander movements (quite possibly an equifax check?)

 

Let's say it is on my Equifax (which i haven't checked as yet) it surely has to be removed after the five years from 2009 right and all Debt agencies to stop proceedings against recovery?

 

Cheers for the quick response!

[Bazooka Boo]

Not quite, if it doesn't show on your Experian CRF then I doubt it will be anywhere else, Equi & Exper are pretty well up to date, but no harm checking the other if you want.

 

But entries stay on your credit file for 6 years regardless, it is only the limitation period which differs north of the border (lucky sods!)

 

Get a screen dump printed off of your CRF, so if it were to magically appear, then you can take satansbank to task.

[technick]

Brilliant! I just reopened my credit score and its sitting at 951, the same as before and no notification from Santander.

 

The only query I now have is why Santander have changed the "opening balance" date on the summary to 2014 when I have not made any correspondence with them since 09.

 

Thanks for all your help Bazooka:)

[Bazooka Boo]

It could well be they have just updated the marker, so long as they haven't altered the default date then leave them be.