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Arrow Global LTD - Who on earth are they?

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Comments

  • this despite a written agreement confirming they would update my credit file and write the rest of the debt off

    Are you sure the letter said the remainder of the debt was written off?

    Or did it perhaps say they wouldn't pursue it, rather than it wouldn't be pursued?
  • nolongerindenial
    nolongerindenial Posts: 1,041 Forumite
    Yes I believe the exact wording was the balance written down to 0 and all credit reference agencies updated to inform them the debt was partially settled and the balance updated to 0.

    What has happened is they haven't chased me, left the account as active on my credit file defaulting me every month for the full amount + a little bit and sold the debt on..
    £4142.49/ £131,795.91 - 3.14% paid off or only £129,608.80 to go!
    Debt free by Xmas 2015: #182 £1955.38/£4435.51 (44.08%)
    MFW: Opening Balance: £108,297.91 Original MF Date: June 2042
    Current Balance: £106600.27 Estimated MF Date: Dec 2033
    Proud to be dealing with my debts
  • They can't default you every month.

    An account can only be defaulted once.
  • nolongerindenial
    nolongerindenial Posts: 1,041 Forumite
    Bedsit_Bob wrote: »
    They can't default you every month.

    An account can only be defaulted once.

    Ahh ok, we'll there putting the red default marker on every month, when in effect the account is settled if it is what I think it is. It may be something else..
    £4142.49/ £131,795.91 - 3.14% paid off or only £129,608.80 to go!
    Debt free by Xmas 2015: #182 £1955.38/£4435.51 (44.08%)
    MFW: Opening Balance: £108,297.91 Original MF Date: June 2042
    Current Balance: £106600.27 Estimated MF Date: Dec 2033
    Proud to be dealing with my debts
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