Mana arrangement to pay

kevey1968

Hello, I wonder if someone has advice. I had 2 credit cards with mana which were put on arrangement to pay in 2008  one was paid off in full November 2013 and the other in June 2015 both cards show closed on my credit file but arrangement to pay markers still on, I thought they where removed after 5 years , they informed me they can show them for ten years after the accounts are closed is this correct please

[Deleted User]

They should both disappear 6 years from closure.

Are you sure the older one shows closed?

kevey1968

Yes both show closed with the payments markers on one June 2013 to November 2013 and the other June 2013 to august 2015 , raseid it credit karma and mana they say 10 years from a month after last paymeny

MovingForwards

6 years from the date they are settled / closed with AP markers.

Edit to add : https://www.checkmyfile.com/articles/2871/credit-reports/arrangement-to-pay-markers.htm#:~:text=How long will AR markers,the date of account closure.

kevey1968

I am going to raise it with mana directly tomorrow , credit Karma insist all closed accounts are removed after 10 years only if a account is defaulted it is removed at six yearsAfter  the date of default

kevey1968

Just an update, joined Experian one mana account with A R from June 2014 to august 2015 why a different report from two different companys

MovingForwards

kevey1968 said:

Just an update, joined Experian one mana account with A R from June 2014 to august 2015 why a different report from two different companys

That will be down to Mana and their reporting to the credit reference agencies.

kevey1968

Spoke to mana they say they stop reporting 28 days after the account is closed and the credit agency’s are responsible for how long the information is shown, as my experion credit file is correct that is the one I should go on as the free ones might only update every few months or so, do people have trouble with the free credit reports 

Malkytheheed

AP is an obscene thing anyway. My friend was put on AP without his knowledge while paying MORE than the minimum on a card and having never missed a payment ever. He simply called his card company to say "I MAY be a bit tight for funds in the coming months, what should I do"? They suggested to stop paying in full every month and pay a set amount, he agreed, then they asked how much, he gave them a figure of 300 pounds (minimum payment was like 50 pounds). never missed a payment, but they had put him on AP marker. To this day his file is tarnished with them. horrendous and esspecially as they remain till 6 years after account closure. So they can actually last longer than someone who went bankrupt 6 years ago. just bonkers. they should be banned. 

MovingForwards

Malkytheheed said:

AP is an obscene thing anyway. My friend was put on AP without his knowledge while paying MORE than the minimum on a card and having never missed a payment ever. He simply called his card company to say "I MAY be a bit tight for funds in the coming months, what should I do"? They suggested to stop paying in full every month and pay a set amount, he agreed, then they asked how much, he gave them a figure of 300 pounds (minimum payment was like 50 pounds). never missed a payment, but they had put him on AP marker. To this day his file is tarnished with them. horrendous and esspecially as they remain till 6 years after account closure. So they can actually last longer than someone who went bankrupt 6 years ago. just bonkers. they should be banned. 

They are disgusting. 

I think the concept is good as it shows an agreement was made, I don't believe they should stay on for 6 years afterwards and they fall outside of all other markers eg defaults, CCJs, bankruptcy and in my experience tend to be viewed worse than the others. 

kaMelo

Malkytheheed said:

AP is an obscene thing anyway. My friend was put on AP without his knowledge while paying MORE than the minimum on a card and having never missed a payment ever. He simply called his card company to say "I MAY be a bit tight for funds in the coming months, what should I do"? They suggested to stop paying in full every month and pay a set amount, he agreed, then they asked how much, he gave them a figure of 300 pounds (minimum payment was like 50 pounds). never missed a payment, but they had put him on AP marker. To this day his file is tarnished with them. horrendous and esspecially as they remain till 6 years after account closure. So they can actually last longer than someone who went bankrupt 6 years ago. just bonkers. they should be banned. 

How can you claim he had an AP without his knowledge?  He instigated the conversation with his lender saying things were a bit tight. As a result of this conversation he agreed a payment plan. It's the very definition of an agreement to pay.
More to the point, if the minimum payment was £50 (ish) and he could afford £300(ish) why did he bother contacting them at all. 

On the principle of AP's I agree with you, they can be far more damaging to a credit file than a default but ban them?
How is that even possible? How can you ban a lender and debtor agreeing to vary to a credit agreement?