confused! debt 4k less from last month on credit report

kirstycobie

hi

in 2007 i took out a hire purchase with wf, after 3 year i lost my job and ended up defaulting on this. however, i had paid more than half of the balance, i told them i wanted to hand the car back and they told me i would have nothing else to pay.

so a few month later they started chansing me for the £4400 that they say i still owed (i had paid more than half so could hand it back with nothing else to pay) so i told them i was not paying as i had already paid over £5000, anyhow i wrote to the financial ombudsman about this, and it is still ongoing with them.

But, i checked my credit report today and the balance from this account has changed from £4400 down to £100!!!

why would they change the balance by £4300? can they put this balance back on at a later stage? or will this because of me getting the financial ombudsman involved?

any info grately appreciated, thank you

kirstycobie

hi,

anyone have any idea on this? thanks

harveybobbles

Wonder if they have written the debt off, but left a £100 showing to trash your CRA?

fatbelly

If it was HP, and you did a voluntary termination, and had already paid half the total due under the agreement, then you would owe nothing.

My guess is that they have accepted this,but are still trying to claim some sort of admin fee.

Don't pay anything until you know what it is.

kirstycobie

hi

thanks for the replies.

do you think it would be wise to ring them about this or should i just leave it?

DreamerHelen

kirstycobie wrote: »

hi

thanks for the replies.

do you think it would be wise to ring them about this or should i just leave it?

DON'T Call them.....Always Write because then you have a paper trail...if you Call them then they can deny what you or they might have said on a Call....

kirstycobie

ok, so anyone know if they can change the balance of this back up to 4K or not?