Credit cards

Keynesfun

Hi there people can you advise 
I just looked on my credit rating 
appeared has a credit card of £3700
from 15 years ago 
it states on my credit rating as a missed payment November 2020

I haven’t been in touch with the bank since 2005 
what can I do about this 
can they throw this at me and what hope do they expect to getting this money back as I thought there is a 6 year tome limit 
Any help would be welcome 

[Deleted User]

If the missed payment was last month, then it will remain until Nov 2026. Their hope is that you will pay it before then.

What is your understanding of the status of the account?

Keynesfun

Thanks for reply
Well it’s my partner credit 
so it’s not the length of time since the debt which was 2005 
they have obviously found her and thrown the bill on her credit rating 
she’s not sure weather to contact 
as it’s passed the 6 year barrier but if they throw non payments every month 
it will effect her credit scoring 
really not sure whst to do 
can they physically chase the money and can they send debt collectors to the house on a bill from 15 years ago 

Drascombe99

Jaja- the process of transfer from PO has been a nightmare. Their text verification system fell over two weekends ago at the same time I received a new card. Have phoned ‘customer service’ four times and they are unable to do anything until they call me. No commitment to when as they are ‘very busy’. I cannot use my card, talk about my account or achieve anything. I am off....

[Deleted User]

If the missed payment date is incorrect, you need to challenge that and have it backdated to the appropriate time.

born_again

Keynesfun said:

Hi there people can you advise 
I just looked on my credit rating 
appeared has a credit card of £3700
from 15 years ago 
it states on my credit rating as a missed payment November 2020

I haven’t been in touch with the bank since 2005 
what can I do about this 
can they throw this at me and what hope do they expect to getting this money back as I thought there is a 6 year tome limit 
Any help would be welcome 

Yes, there is a 6 year time limit. Just that means they can not go to court for a CCJ.
Nothing stops them from sending letters about the money owed. And it can still be paid back.

jsmith9

Google '6 year debt' or similar you will find lots of info, for example:

Check if you have to pay a debt - Citizens Advice

Statute Barred Debt & Debt Recovery. StepChange

If you do decide to contact the card company, make sure you call them and not write or email.

You might also get some advice on the debt-free-wannabe board:

Debt-Free Wannabe — MoneySavingExpert Forum

Keynesfun

born_again said:

Keynesfun said:

Hi there people can you advise 
I just looked on my credit rating 
appeared has a credit card of £3700
from 15 years ago 
it states on my credit rating as a missed payment November 2020

I haven’t been in touch with the bank since 2005 
what can I do about this 
can they throw this at me and what hope do they expect to getting this money back as I thought there is a 6 year tome limit 
Any help would be welcome 

Yes, there is a 6 year time limit. Just that means they can not go to court for a CCJ.
Nothing stops them from sending letters about the money owed. And it can still be paid back.

Thanks for reply 
if I decide to fight this with a view not to pay 
do I ring them and ask them why are they proceeding with this 

Keynesfun

Deleted_User said:

If the missed payment date is incorrect, you need to challenge that and have it backdated to the appropriate time.

Thanks for that 
well obviously it’s miss quoted as 
15 years ago is not last month 
but What are they trying to achieve do you think by stating last month
do you think it’s best to ring them and say (what ??) 
im really not sure 
again thanks for advice 

adamp87

Your wording is a bit unclear

As I understand on the credit file it now lists 

A credit card opened 15 years ago that was closed at left in debt over 6 years ago? Hence it should have defaulted by now & not be on the credit report?

And they have suddenly reported a missed payment for last month..

Keynesfun

Yes pretty much that  though my wording is never the best 
the debt showed up on credit file 
what can I do about it 
thanks