Barclaycard - PRA

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Comments

  • PRA will start reporting to the credit reference agencies (by opening a new account) which will show in default.

    Be mindful of how this affects you and your future as defaults generally stay on your file for 6 years minimum.
    Save £5k in 2024 challenge #32
    Saved Total = £1,560.26 / £5,000

    Secured/Unsecured loans x 0
    Credit Cards x 6 (total limit £24,250)
    Creation FS Retail Account x 1
    0% Overdraft x 1 (£250)
    Mortgage x £140,250
    Debt = £549.00 (0%APR due 22nd July 2024)

    Charity fundraising goal for 2024 = £1,000 for animal rehoming / dog fostering etc
  • Thanks folks, so I should expect to see the Barclaycard account showing as closed and the balance £0 but another entry will appear for PRA with the outstanding amount? It actually defaulted in September 
  • Thanks folks, so I should expect to see the Barclaycard account showing as closed and the balance £0 but another entry will appear for PRA with the outstanding amount? It actually defaulted in September 
    From my experience yes.
    Save £5k in 2024 challenge #32
    Saved Total = £1,560.26 / £5,000

    Secured/Unsecured loans x 0
    Credit Cards x 6 (total limit £24,250)
    Creation FS Retail Account x 1
    0% Overdraft x 1 (£250)
    Mortgage x £140,250
    Debt = £549.00 (0%APR due 22nd July 2024)

    Charity fundraising goal for 2024 = £1,000 for animal rehoming / dog fostering etc
  • freshstart2023
    freshstart2023 Posts: 59 Forumite
    First Anniversary First Post
    Thankyou! I’m just being impatient, just would have expected to have heard something by now…it certainly does move slowly 
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