Egg to Barclaycard help??

inked1982

Hello,

I have an Egg card and used it to do a balance transfer and pay off more than the minimum payments each month. I have heard the news about barclaycard buying egg and am worried how it will affect me.

Problem is, when i was 20 I had a barclaycard and got into trouble when I lost my job. Short version the debt was passed to a debt collection agency and I am due to clear the balance off in september.

I had applied for an orange credit card before realsing this was barclaycard and was accepted received the card then received a letter saying the account had been cancelled a week later.

Im now worried about what happens when Barclaycard take over my egg balance.

If they do cancel my account what happens to my balance?? Are they gonna refer me to a DCA again or will they allow me to pay off the balance without affecting my credit score?

I have worked really hard to clear my debt and end of this year I will be clear, i have also massivley improved my rating too I dont want another barclaycard blemish on my name!

izools

inked1982 wrote: »

Hello,

I have an Egg card and used it to do a balance transfer and pay off more than the minimum payments each month. I have heard the news about barclaycard buying egg and am worried how it will affect me.

Problem is, when i was 20 I had a barclaycard and got into trouble when I lost my job. Short version the debt was passed to a debt collection agency and I am due to clear the balance off in september.

I had applied for an orange credit card before realsing this was barclaycard and was accepted received the card then received a letter saying the account had been cancelled a week later.

Im now worried about what happens when Barclaycard take over my egg balance.

If they do cancel my account what happens to my balance?? Are they gonna refer me to a DCA again or will they allow me to pay off the balance without affecting my credit score?

I have worked really hard to clear my debt and end of this year I will be clear, i have also massivley improved my rating too I dont want another barclaycard blemish on my name!

If they do cancel your Egg account all that will happen is they will recall the use of your card - your repayment terms and account status as far as other creditors will remain the same.

They cannot legally refer the account to a DCA unless you breach the terms of the credit agreement. So worst case scenario, eveyrthing will continue as normal except you won't have use of the card.

However - I had a Barclaycard account written into a bankruptcy order not that many years ago and successfully applied for another Barclaycard Initial about 18 months ago. I used the card happily for ~ 12 months, and repaid it myself closing the account of my own volition; so perhaps they don't keep the record of prior debt on file for too long?

Still, it is very likely that you will have repaid the old Barclaycard before Egg's systems are merged into Barclaycards so chances are no bad will come of it.

inked1982

Cheers Izools,

Been worrying about having to try and find some way of clearing the ammount!

I had the problem with the orange card about 7 months ago, so im not holding out any luck of keeping the card.

Im just happy it doesnt affect my rating