Help with Barclay Card 6 Late payments mark for 15 months continuously!

andy_999

Hi all money saving experts!

Barclay card taken on 2003. Had problem of paying from November 2011. Total debt was £2600.00 (including interest and I did not have any PPI on it). On March 2012 there was the first report of 6 late payments on credit file. They reported 6 late payments continuously for 15 months till May 2013.

They did not chase me but I called them in June 2013 and asked for final settlement. They agreed and I paid around £800 on June 2013 as a Partial Settlement. They accepted and update credit file with Partial Settlement with condition that they will not chase me for any remaining balance ever.

However, I had some more fund and I paid the remaining £1800.00 in July 2013 as I just wanted to clear it up even after the account was partially settled.

Now, the main question is that they have reported 6 late payments from March 2012 to May 2013 (for almost 15 months). Is it better to tell them to default me on March 2012 OR to keep this 6 late payments marking for 15 months as mentioned above. Life is settled now and I am planning to take a mortgage in next year July 2014.

Your help is needed to decide what to do!

Thrugelmir

andy_999 wrote: »

Life is settled now and I am planning to take a mortgage in next year July 2014.

Suggest you speak to a mortgage broker. As the sheer number of late payment markers will score heavily against you. So who to apply to for a mortgage will be critical.

andy_999

Thank Thrugelmir!

What do you think? Is it better to keep 15 late payments or ask them to default me (as they should have defaulted me after 6 late payments as per the rule)?