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!
Advice regarding old credit card debt and open account please!
ashli_2
Posts: 359 Forumite
I'm hoping someone could advise me on the best way to proceed. I applied for a Barclaycard this week hoping to move one of my interest paying debts on to their 0% deal. I had a letter saying they couldn't offer me a card as I already had an account with them.
Now that I have racked my brain I realise that this refers to a very old card account I had with them in 2000-2001 on which I owed about £500. This debt is obviously statute barred and I know that I don't want to acknowledge the card or the debt in any way, but neither do I want an open credit card account with an outstanding debt which may make it difficult for me to obtain further credit (I am currently trying to 'tart' several fairly hefty CC bills but so far have good credit).
How can I close the account without acknowledging the debt? They haven't asked me for payment though I expect this will be the next step.
Thanks for your help.
Now that I have racked my brain I realise that this refers to a very old card account I had with them in 2000-2001 on which I owed about £500. This debt is obviously statute barred and I know that I don't want to acknowledge the card or the debt in any way, but neither do I want an open credit card account with an outstanding debt which may make it difficult for me to obtain further credit (I am currently trying to 'tart' several fairly hefty CC bills but so far have good credit).
How can I close the account without acknowledging the debt? They haven't asked me for payment though I expect this will be the next step.
Thanks for your help.
Total Original Debt: £30404.24
Current debt: £18586.16
Total Paid: £11857.74 38.95% :T
Current debt: £18586.16
Total Paid: £11857.74 38.95% :T
0
Comments
-
Bump! Any advice gratefully recieved.Total Original Debt: £30404.24
Current debt: £18586.16
Total Paid: £11857.74 38.95% :T0 -
maybe they dont want your business ?0
-
How can I close the account without acknowledging the debt? They haven't asked me for payment though I expect this will be the next step.
Surely if you owe(d) them money they will have closed the account and defaulted you??? Either way I personally would not take this any further.Light Bulb Moment - 11th Nov 2004 - Debt Free Day - 25th Mar 2011 :j0 -
You can't close and the account without acknowledging the account exists and hence the subsequent debt balance with it.
The point is the bank doesn't have to give you credit and if they have a bad history with you, they probably won't deal with you in the future, whether its on your file or not, your history is on their server for life.
All you can do is stay away from Barclays, and if they ask for payment send the statute barred letter.
Note, if it is statute barred then acknowledging the debt wont make any difference.Although no trees were harmed during the creation of this post, a large number of electrons were greatly inconvenienced.
There are two ways of constructing a software design: One way is to make it so simple that there are obviously no deficiencies, and the other way is to make it so complicated that there are no obvious deficiencies0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.8K Banking & Borrowing
- 253.8K Reduce Debt & Boost Income
- 454.6K Spending & Discounts
- 245.9K Work, Benefits & Business
- 601.9K Mortgages, Homes & Bills
- 177.7K Life & Family
- 259.8K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards