We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Defaulted credit card still active?!
rob08
Posts: 8 Forumite
in Credit cards
Hi...I was wondering if someone could help me out...
I got into a bit of a mess end of 2005/2006 - fell out with parents, they kicked me out, was a student at the time working part time so suddenly found myself totally skint with paying rent etc...anyway I was used to living at home and having lots of free cash so had quite a bit of debt on the credit cards (about £8k - oops!
), so when I suddenly had to pay all these bills myself it meant I had no money to pay my credit cards...
I ended up defaulting on all of them. However, I have now finished uni and am working full time...trying to clear up my credit files. I noticed on my credit file that one credit card (Capital One) however is not reporting as defaulted. It shows the following:
Recorded at:xxxxxxx
Account holder name:xxxxxxx
Date of birth:xxxxxxx
Company type:Finance House
Account type:Credit Card
Last updated:19th September 2005
Current balance:£0.00
Credit limit:£750.00
Opening balance:£0.00
Account start date:12th February 2004
Regular payment amount:Not Applicable
Number of repayments:Not Applicable
Repayment frequency:
MonthlyWorst Status:1 payment late
I no longer have the card as I cut them all up, and no longer receive statements or that...but I was thinking of writing to them and explaining my situation as to how I got in such a mess, and ask if they would allow me to repay the balance and start again with them? I'm worried if I write to them and they realise they forgot to put a default on my account they'll just put it on over 2 years later meaning i'll have to wait even longer for all the defaults to drop off!
Oh and one more thing...the current balance is not £0 - it's more like £800 or something!
Thanks for any help!
I got into a bit of a mess end of 2005/2006 - fell out with parents, they kicked me out, was a student at the time working part time so suddenly found myself totally skint with paying rent etc...anyway I was used to living at home and having lots of free cash so had quite a bit of debt on the credit cards (about £8k - oops!
), so when I suddenly had to pay all these bills myself it meant I had no money to pay my credit cards...I ended up defaulting on all of them. However, I have now finished uni and am working full time...trying to clear up my credit files. I noticed on my credit file that one credit card (Capital One) however is not reporting as defaulted. It shows the following:
Recorded at:xxxxxxx
Account holder name:xxxxxxx
Date of birth:xxxxxxx
Company type:Finance House
Account type:Credit Card
Last updated:19th September 2005
Current balance:£0.00
Credit limit:£750.00
Opening balance:£0.00
Account start date:12th February 2004
Regular payment amount:Not Applicable
Number of repayments:Not Applicable
Repayment frequency:
MonthlyWorst Status:1 payment late
I no longer have the card as I cut them all up, and no longer receive statements or that...but I was thinking of writing to them and explaining my situation as to how I got in such a mess, and ask if they would allow me to repay the balance and start again with them? I'm worried if I write to them and they realise they forgot to put a default on my account they'll just put it on over 2 years later meaning i'll have to wait even longer for all the defaults to drop off!
Oh and one more thing...the current balance is not £0 - it's more like £800 or something!
Thanks for any help!
0
Comments
-
Anybody...? 0
-
Try the Debt free-wannabee board, it sounds more like something they may be able to help you with.
Expect the worse!0 -
It may mean that they have sold the debt on.Got Halifax Classic to reduce my interest rate by 5% woohoo - 10/06/08 Thanks MSE!
Another 3% shaved off 10/12/08
ANOTHER 4 % June 09:beer:0 -
thriftymomma wrote: »It may mean that they have sold the debt on.
Thanks for replying
But surely they'd still place a default on the account...? It looks as though they have almost forgotten about it! lol0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.2K Banking & Borrowing
- 253.6K Reduce Debt & Boost Income
- 454.3K Spending & Discounts
- 245.2K Work, Benefits & Business
- 600.9K Mortgages, Homes & Bills
- 177.5K Life & Family
- 259K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards