Few false starts but my journey starts here

conkerlad

That’s my thinking and I’m now loving the new look to my wallet, no more shuffling cards at checkouts 

conkerlad

Capital One - GONE
Vanquis - Unchanged, just paying minimum
118118 - Unchanged, just paying minimum
Zopa - GONE

Bamboo - £4200 approx
PRA (Grr) - £5900 approx.

Major setbacks since last update, car needed over £1100 of works, along with not a fully focused mindset of clearing the debt but I have updated my spreadsheets and created a budget moving forward.

Sarahwithlove

I am guessing with your default you probably can't get any 0% balance transfers. When was your last default? Wondering if worth defaulting your other debts to stop the high interest rates and then save for final settlement quotes. 

Floss

conkerlad said:

I have an arrangement of £50 per month with PRA which is 0%, I accept the responsibility that I owe money, just really irks me that they bought the debt for pennies to the pound. I'd rather be paying Halifax still.

How does this show on your credit reports? Is it just the default from 2018, or an arrangement to pay?

conkerlad

Sarahwithlove said:

I am guessing with your default you probably can't get any 0% balance transfers. When was your last default? Wondering if worth defaulting your other debts to stop the high interest rates and then save for final settlement quotes. 

No my credit isn't good enough to get 0% balance transfers. The defaults on my account drop off 2025 and annoyingly I have a £175 CCJ to a private parking company (that no longer exists so cant even pay it to satisfy) that will drop off in 2026

conkerlad

Floss said:

conkerlad said:

I have an arrangement of £50 per month with PRA which is 0%, I accept the responsibility that I owe money, just really irks me that they bought the debt for pennies to the pound. I'd rather be paying Halifax still.

How does this show on your credit reports? Is it just the default from 2018, or an arrangement to pay?

Default date is back in 2018, Sept 2024 this default will drop off, PRA accepted a £50 per month arrangement. Not really sure what my options are upon the default dropping off the account, I am assuming I need to keep paying otherwise PRA could file a CCJ against me as a second default can't be raised on the same debt, I am guessing?