Advice on credit agreement not on file

Misssilly

Hi

I am hoping for some help. Long story short last month I lost my job as the company went into administration. I wasn't paid my expected wage in January either a full months wage !

I have signed on to JSA, however I have had a few interviews and I am confident an offer will come from one of these I find out over next two weeks.

However I owe H&M over £350 on the pay next month invoice. I have had an account with them for a year and have always paid then in full on time. Luckily I don't have debt as such apart from this. I have emailed them this morning explaining what's happened and asking if I can pay £40 pm month until I get back to work and I will clear it right away.

However in really worried it says on their terms and conditions they will register a default on my credit file etc. I've checked all 3 credit reports and it does not appear anywhere.

So are the likely to now go on and register this account there now so they can register late payment etc ? I'm really worried over this and I want to pay it ! I just done want my credit do le ruined over this. Anyone any experience with H&M or accounts not registered with CRAs then being listed ?

TIA

sourcrates

Hi,

I don't know who H & M are, some sort of catalogue ?

Defaults are normally registered after 3/6 missed payments.

You will not be defaulted for one missed payment.

Asking them for a payment arrangement is a good step, they may choose to mark your file as OK, or as AP (arrangement to pay).

Beggars can't be choosers though if they do.

[Deleted User]

sourcrates wrote: »

Hi,

I don't know who H & M are, some sort of catalogue ?

They are a purveyor of low cost fashion clothing, to the youth of today, often found in shopping malls.

Misssilly

Thankyou

They have not yet responded, so hopefully will soon.

This account is not on my credit file so I'm wondering if they will list it now.