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Position Statement Issue 46 December 2011Default Listings on Individuals Credit Information Files This Position Statement describes how the Credit Ombudsman Service Limited (COST) deals with complaints
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Default listings on individuals is a record of individuals who have failed to meet their financial obligations.
Lenders, financial institutions, and credit agencies are required to file default listings on individuals.
Default listings on individuals are filled out by providing the relevant information on the individual's financial default, such as the amount owed and the reason for the default.
The purpose of default listings on individuals is to inform other lenders and credit agencies about an individual's history of financial defaults.
Default listings on individuals must include details such as the amount owed, the date of default, and any relevant notes about the individual's financial history.
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