Moneyshop

mattyarmstrong28

I am currently in the process of rebuilding my credit. However I've found a old debt with the moneyshop on my credit file. I've then realised the moneyshop is no longer trading. How do I pay the debt and remove it from my credit file? 

Thanks in advance 

[Deleted User]

The parent company was ICL does that help?

sourcrates

Paying a debt does not remove it from your credit file, 6 years after default, it will disapear of its own accord.

The moneyshops loan books have not been sold as yet, a lot of there debts are been written off as unafordable, its unlikely you will be chased for this debt now, just let time an tide do its job.

mattyarmstrong28

Thanks for the feedback. My only worry is that if I go for a morgage in a year or so and this is on my file with no attempt to make a payment plan etc will effect me more than if I try and set something up and get it settled?