Direct Pay bankrupt: What to do if you are registered with the BKR because of her?

Introduction

How do you deal with a Bureau of Credit Registration ( BKR) registration caused by the now-bankrupt collection agency Direct Pay? Direct Pay, which includes the entities Debtscan and Webcasso, was declared bankrupt on April 3, 2023. This development will likely come as a relief to many, as Direct Pay was a credit and debt buyer, a thorn in the side of people in debt. Ironically, the company itself had been in financial trouble for some time. But that aside.

Although a receiver has been appointed, many people who have already paid off their debts with Direct Pay are still experiencing the effects of this bankruptcy. This is because of the many registrations that Direct Pay has outstanding with the BKR. In this blog, we explain the steps you can take to amend or have your registration removed.

Practical Tips

• Be sure to put in writing that the debt has been repaid.
• Keep all correspondence with the trustee and the BKR.

By law, the trustee must terminate the BKR registration when the debt is paid off. It is important to note that after termination, the registration remains visible for 5 years. During this period, you may experience problems obtaining a mortgage or loan.

Dealing with a negative BKR registration

A negative BKR registration can have far-reaching consequences for your financial situation. It is important that your registration is correct, if you have such a registration. For an explanation of the different types of BKR codes, visit this page. However, if your registration turns out to be unreasonably onerous, it is possible to get rid of it early. For more information on this, you can visit this page.