Applying for a credit card for a company I owed debt to

Bum2018

Hello,


About 7 years ago I had an Aqua card which was defaulted on and I stopped paying. It is no longer on my file due to the 6 year thing.


My credit is improving and the search said I have an 80% chance of being accepted for Aqua.


Would this be advised based on the old debt...Will they start chasing me for that ? Will they even be aware of the past debt ?


Thank you in advance.

xlnc99

Good question, i always wanted to no the answer to this. Let me know how you get on with Aqua, i am in a similar situation with Vanquis

[Deleted User]

See here: https://forums.moneysavingexpert.com/discussion/6042678

Yes they can blacklist you internally and yes they could take the old debt by other means still

sleepyjones

Presumably you must have moved and gone off the radar for a few years for the "trail to go cold"?

You could try applying again but make sure you use a different email address when you apply, try not to have anything that links you back to your old self. If you do apply and something is flagged then they could update your details with the credit ref agencies and you might then find a few old debts come back to haunt you.

sourcrates

I would let sleeping dogs lie to be honest.

[Deleted User]

I was going to open a HSBC account last year. I used to have an account with them back in the 1990's. Defaulted on a loan in 1997 and got an account elsewhere....When I went in the local branch, guess what...they still had my defaulted loan on file. I suddenly remembered an urgent appointment and made my exit. So in conclusion, internally they do store details of past debts, even after the six year for debts going off credit files.

xlnc99

Did you ever pay the HSBC default off though or did you let it run its course for 6 years and forget about it

PRAISETHESUN

Depending on how you managed the default, it may still be legally enforceable - particularly if you made any acknowledgement of the debt or Aqua obtained a CCJ against the debt in the last 6 years - see statute barring: https://www.nationaldebtline.org/EW/factsheets/Pages/time-limits-for-recovering-debts/statute-barred-debt.aspx. Although the debt is no longer on your files, it's highly likely that Aqua has kept an internal record and will be unlikely to offer you more credit in future. I'd personally avoid them and try another lender - just in case applying for a new card gives them enough information to start pursuing you for the debt again.

[Deleted User]

xlnc99 wrote: »

Did you ever pay the HSBC default off though or did you let it run its course for 6 years and forget about it

I got a letter about it from Lowell years later, but i used the statute barred defence, and got a confirmation that it was indeed statute barred.

[Deleted User]

xlnc99 wrote: »

Did you ever pay the HSBC default off though or did you let it run its course for 6 years and forget about it

That won't matter - they can still choose not to do business with you even if you did pay it off.

Carrot007

Bum2018 wrote: »

Would this be advised based on the old debt...Will they start chasing me for that ? Will they even be aware of the past debt ?

Since no one appears to be answering the main question.


No it is just a generic indicator and nothing to do you you.


And maybe, some companies keep black lists. some don't. And some just do it (seemingly) randomly.


Aqua though, I would expect not to given the size of the company and the costs of doing so. I however may be wrong.