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  • FIRST POST
    • walesrob
    • By walesrob 10th Oct 16, 11:38 AM
    • 372Posts
    • 530Thanks
    walesrob
    Argos Store Card will not let go....
    • #1
    • 10th Oct 16, 11:38 AM
    Argos Store Card will not let go.... 10th Oct 16 at 11:38 AM
    Hi,

    I have an old Argos store card account that I closed a year ago (confirmed in writing), but somehow it manages to re-activate and is showing a zero balance. I have written to Argos card services 3 times now, and each time they have apologised and promised to update account status as settled, but then a few months later, its active again. Screenshot of Equifax report showing settled markers, strangely, an old settled marker has disappeared from last year:



    There's no point in me contacting Argos Card Services again, as they will give me the runaround, i need to escalate this, but to where?
Page 1
    • GingerBob
    • By GingerBob 10th Oct 16, 11:49 AM
    • 3,618 Posts
    • 1,648 Thanks
    GingerBob
    • #2
    • 10th Oct 16, 11:49 AM
    • #2
    • 10th Oct 16, 11:49 AM
    The underlying problem here is the lack of quality control applied by the CRAs - basically they don't do QA.


    It's probably not a big deal, but if they - Argos - don't sort it out pronto you should report the matter to the ICO.
  • National Debtline
    • #3
    • 10th Oct 16, 12:36 PM
    • #3
    • 10th Oct 16, 12:36 PM
    Hi Walesrob,


    I appreciate that your credit file is incorrect, but it would seem that it could be Argos who are reporting incorrect information to the credit agencies and if that is the case, the fault lies with the lender. Argos have failed to resolve your issue(s), so, I would suggest you take this up to the Financial Ombudsman Service. Good luck,


    Laura
    @natdebtline
    We work as money advisers for National Debtline and have specific permission from MSE to post to try to help those in debt. Read more information on National Debtline in MSE's Debt Problems: What to do and where to get help guide. If you find you're struggling with debt and need further help try our online advice tool My Money Steps
    • walesrob
    • By walesrob 15th Dec 16, 10:42 PM
    • 372 Posts
    • 530 Thanks
    walesrob
    • #4
    • 15th Dec 16, 10:42 PM
    • #4
    • 15th Dec 16, 10:42 PM
    Belated thank you for both replies, by way of an update, Argos have now reported my account reopened again at all 3 CRA's, so I've gone ahead and escalated this complaint to FOS this week.
    • Westminster
    • By Westminster 16th Dec 16, 5:34 AM
    • 685 Posts
    • 423 Thanks
    Westminster
    • #5
    • 16th Dec 16, 5:34 AM
    • #5
    • 16th Dec 16, 5:34 AM
    FOS will not investigate anything until you have exhausted the formal complaints procedure with Asda (presumably still Creation Finance?).

    Have you done this yet (in writing)?
    • Anthorn
    • By Anthorn 16th Dec 16, 9:03 AM
    • 3,031 Posts
    • 784 Thanks
    Anthorn
    • #6
    • 16th Dec 16, 9:03 AM
    • #6
    • 16th Dec 16, 9:03 AM
    Hi,

    I have an old Argos store card account that I closed a year ago (confirmed in writing), but somehow it manages to re-activate and is showing a zero balance. I have written to Argos card services 3 times now, and each time they have apologised and promised to update account status as settled, but then a few months later, its active again. Screenshot of Equifax report showing settled markers, strangely, an old settled marker has disappeared from last year:



    There's no point in me contacting Argos Card Services again, as they will give me the runaround, i need to escalate this, but to where?
    Originally posted by walesrob
    Have a look at the credit limit on the Argos account: My guess is that the account is open but the credit limit is £0.

    Leaving the account open but reducing the credit limit to £0 when I close an account is something that gets me going and sets me off on the road to written complaints. I'm not sure whether a reduction to nil of the credit limit is bad but it looks bad to me. It happened with Argos, ID Mobile (Carphone Warehouse) and is happening currently with Freemans Catalogue.

    I complain first to the company giving them a rather generous 90 days to change the account to settled and from there to the CRA.

    It's in the CRA's own interests to ensure that information deposited by lenders is accurate because when it's inaccurate and lenders get to know about it being inaccurate the CRA falls down!
    • walesrob
    • By walesrob 16th Dec 16, 1:44 PM
    • 372 Posts
    • 530 Thanks
    walesrob
    • #7
    • 16th Dec 16, 1:44 PM
    • #7
    • 16th Dec 16, 1:44 PM
    FOS will not investigate anything until you have exhausted the formal complaints procedure with Asda (presumably still Creation Finance?).

    Have you done this yet (in writing)?
    Originally posted by Westminster
    Yes confirmed in writing in mid October (sorry I should have mentioned it in my post yesterday), and its Argos Card Services, not Asda! No worries

    Have a look at the credit limit on the Argos account: My guess is that the account is open but the credit limit is £0.
    Originally posted by Anthorn
    Its showing a limit of £1440, not a huge amount, but annoying all the same.
    Last edited by walesrob; 16-12-2016 at 1:46 PM.
    • walesrob
    • By walesrob 26th Jan 17, 3:31 PM
    • 372 Posts
    • 530 Thanks
    walesrob
    • #8
    • 26th Jan 17, 3:31 PM
    • #8
    • 26th Jan 17, 3:31 PM
    Another update...FOS have investigated, and told Argos to report correct status to all 3 CRA's with a matter of urgency. Argos have also apologised and as a result I have been offered £75 compensation, happy with that.

    A satisfactory outcome as far as I'm concerned.
    • walesrob
    • By walesrob 22nd Mar 17, 5:56 PM
    • 372 Posts
    • 530 Thanks
    walesrob
    • #9
    • 22nd Mar 17, 5:56 PM
    • #9
    • 22nd Mar 17, 5:56 PM
    Wow, just wow.

    Account reopened again. Latest credit reports from all 3 CRA's show account was active as of mid-March (or maybe I'm being impatient following my post of 26/01).

    To say I'm at a complete loss what to do is putting it lightly.
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