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Credit card - closed account, paying off monthly. Damage credit report?
greenorange
Posts: 327 Forumite
I had a Flybe CC. They increased my APR, so I opted out of the increase and stayed at my old rate, but they closed my account/disabled my account/card.
This was a month ago, and I hope to clear the balance in the next 2/3 months.
I'm a little worried that Flybe will report 'arrangement to pay' to the CRA's, damaging my report. My credit limit has been removed from statements being posted to me.
Does anyone know whether they will? I've looked at my report, however Flybe has reported no updates yet.
This was a month ago, and I hope to clear the balance in the next 2/3 months.
I'm a little worried that Flybe will report 'arrangement to pay' to the CRA's, damaging my report. My credit limit has been removed from statements being posted to me.
Does anyone know whether they will? I've looked at my report, however Flybe has reported no updates yet.
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Comments
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If you were allowed to opt out. Then why have you entered an arrangement to pay?0
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Thrugelmir wrote: »If you were allowed to opt out. Then why have you entered an arrangement to pay?
I've heard people use the 'arrangement to pay' and for some reason just came to the conclusion that as they've closed my account/card, and I'm to continue making payments each month, that it was an arrangement to pay the remaining balance.
I'm guessing I'm wrong and all is well?
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