LT
Lesego T
1 reviews | Active since Oct 2021
05 Nov 2021, 05:51
DEFAULT TO BE REMOVED AFTER 2 YEARS
Hi
I was listed as default payer for 2 years.
My report shows that my FNB account was moved to PAID UP after that 2 year period had prescribed.
How and why did the account revert backward to being in arrears?
All other bureaus have removed that data after the 2 year period had lapsed except compuscan?
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Replies (1)LT
Lesego T's updateReviewer Update
09 Nov 2021, 10:25 Good day
(Section 73) (Regulation 17) of the NCR act states that the retention period for adverse information that is listed (In this case a default) is 2 years.
This account was listed for 2 years, then it was removed (Paid up)..... and then put back!!!!!!
Someone explain how this is possible and legal??
The retention period for adverse information is 2 years as per NCR act.
image.png 132.41 KB
(Section 73) (Regulation 17) of the NCR act states that the retention period for adverse information that is listed (In this case a default) is 2 years.
This account was listed for 2 years, then it was removed (Paid up)..... and then put back!!!!!!
Someone explain how this is possible and legal??
The retention period for adverse information is 2 years as per NCR act.
image.png 132.41 KB
LT
Lesego T's update09 Nov 2021, 10:25
Reviewer Update
Good day
(Section 73) (Regulation 17) of the NCR act states that the retention period for adverse information that is listed (In this case a default) is 2 years.
This account was listed for 2 years, then it was removed (Paid up)..... and then put back!!!!!!
Someone explain how this is possible and legal??
The retention period for adverse information is 2 years as per NCR act.
image.png 132.41 KB
(Section 73) (Regulation 17) of the NCR act states that the retention period for adverse information that is listed (In this case a default) is 2 years.
This account was listed for 2 years, then it was removed (Paid up)..... and then put back!!!!!!
Someone explain how this is possible and legal??
The retention period for adverse information is 2 years as per NCR act.
image.png 132.41 KB