Barclaycard question

knoxvillain

Back in 2006 I had some financial problems and entered into a payment arrangement with a number of creditors. Things have since improved and on all of them I am back to normal T&C (ie getting charged interest and paying the normal amounts). Except for Barclaycard. They are still taking reduced amounts despite me requesting otherwise and there continues to be "arrangement" on my credit file for this account.

At the moment I am not credit worthy due to a default from HBOS (relating back to 2006) however this is due to come off in Sept. My concern is this "arrangement" marker may continue to ruin my credit rating after the default is removed. I am working as hard as I can to make sure everything is as clean and well managed in my credit record from Sept.

Can anyone advise if this "arrangement" will ruin my credit rating? I have asked them twice to go back to normal T&Cs and they can charge me interest etc. on the phone they say they'll arrange it and then it never seems to happen

Thanks.

Tixy

Having an arrangement to pay marker will affect your chance of being accepted for credit yes.

How are you making payments to bc? can you not just start paying more yourself?
If not maybe write to them rather than try to arrange it by phone.

blacksta

Maybs wait till september - hopefully the record will fall off - if it has been settled.

knoxvillain

hi there,
It hasn't been settled yet, there is £999 outstanding. I've been paying back at £15 a month. I have increased the payments but I was hoping to get the arrangement marker removed because I don't need to be in an arrangement with them anymore. I don't want it ruining my credit rating especially when I don't need the arrangement anymore.